Making Tax Digital (MTD) and Cloud Accounting

Cloud Accounting Services
A family business just like yours but we know all about tax

Choose Child & Child Accountants for efficient and quick cloud accounting services at highly competitive prices. Call us today to find out more.

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Efficient cloud accounting experts

Cloud accounting has seen a huge increase in popularity recently and it has the potential to transform the way you run your business. With the Government’s plan to make digital record keeping compulsory for most businesses over the next few years there has never been a better time to review your options. We feel now is the perfect time to make sure as many of our clients are aware of the benefits these products can bring; over and above traditional desktop packages and the traditional spreadsheet.

The Making Tax Digital (MTD) initiative

The main driver behind this uptake in cloud based accounting software, aside from the efficiencies that they can offer businesses, is the Government’s Making Tax Digital (MTD) initiative. MTD will require businesses to keep their records digitally, and submit their financial data on a quarterly basis as well as annually, meaning they should never be left with unexpected tax bills.

Starting from April 2019, businesses, partnerships and landlords with turnover greater than £85,000 will need to keep their records digitally and report quarterly. By 2020 all but a select few businesses will need to comply with MTD including limited companies. This extra compliance however doesn't have to mean a significant increase in cost. If you already use a cloud accounting package, then MTD will not make much difference to you, most likely just an extra button to press every three months because you will probably already keep your records up to date, and your provider will automatically make sure your package is MTD compliant.

If you do not currently use a cloud accounting package you will need to upgrade. Having spent much time researching providers, Child & Child Accountants have partnered with Quickbooks. We feel they provide excellent value for money, a straightforward user experience, and easy to interpret data for business owners. Their free helpdesk is open 8am to 8pm every day.

Use our cloud accounting packages for:

Importing bank data, removing the need to enter it manually into your records
Setting rules to automatically post many of these transactions to an appropriate category for you
Emailing sales invoices seconds after finishing a job, fully branded with your logo
Keeping you up-to-date with your VAT liabilities as soon as you enter each transaction
Up-to-date business information at any time
Gaining access to your records anywhere in the world on any device

Rachel Child from Child and Child has been my accountant for about 5 years. She does both my business and my personal accounts. My businesses are located in the UK and I am a non resident with property in the UK so the job is not insignificant!

The level of service I receive from Rachel both during accounting season, and during the rest of the year is absolutely excellent. During the year, Rachel sends out e mails with information that is highly relevant to me as a business owner and as a non resident. During accounting season, Rachel is unbelievably patient with me and my hapless attempts to get my data to her in a format that is useful to her and that is complete. She is always cheerful and kind as well as 100% competent and extremely timely and efficient.

The most important thing is that I trust her completely to complete my paperwork on time and accurately. I am delighted with the service from Child & Child.

--Jane Mason

If you want to find out more about our cloud bookkeeping services, email or call us on

01600 737 737