As businesses make the shift towards making tax digital, software solutions play an instrumental role in facilitating that change. Offering greater control of finances and improving the efficiency with which businesses do their bookkeeping, these solutions offer businesses the support they need to thrive in the digital era.
Baldwins work alongside our partners to offer a variety of cloud-based solutions, meaning our services can be entirely tailored to individual client needs. Contact us to find out how we can help make digital taxation work for your business.
Why It Matters
The Government’s Making Tax Digital (MTD) initiative is set to modernise the UK tax system with the aim of becoming one of the world’s most digitally advanced tax administrators. Numerous software providers are working closely with HMRC to make it easier for individuals and businesses to prepare for this change and avoid unnecessary tax losses.
As of April 2019, any business above the VAT threshold will be required to keep their records digitally and provide quarterly VAT updates, whilst businesses below the threshold can choose to use a cloud-based solution. Solutions of this kind are already being used for the likes of online banking and document storage, providing a secure and effective way of managing accounts.
What Are the Benefits?
Cloud-based solutions provide a wide range of benefits, which include:
- Instant access to up-to-date information in real time including customer payments, invoices, tax and transaction activity
- Reduced errors due to less manual entry, improving efficiency and accuracy
- Multi-user access, allowing your staff to access and use the solution anytime and anywhere
- Controllable user access levels
- Data backups usually completed by the solution provider, reducing the loss of data and improving security
- Automatic software updates, meaning less client input in comparison to conventional software
- Mobile access for reporting invoice capture and operating expenses
Added Benefits Offered by Baldwins
Our team’s expertise helps you build further on the advantages provided by cloud-based solutions. As such, we can help you with:
- Automated credit control applications to assist with collections and notifying customers of pending invoices
- KPI reporting and KPI dashboard tools
- Cashflow forecasting combining artificial, financial and human intelligence to predict and protect business finance
- Document capture apps for digital invoice capture with Optical Character Recognition (OCR) to cloud-based solutions
Our Software Solutions
The Baldwins team partners with leading software providers to offer you the tools and expert support you need to manage taxes digitally. The software solutions we provide include:
Centralising all business insights into a single solution, Cozone is a highly secure, GDPR-compliant web portal that helps you deliver results across the full spectrum of accounting matters. With features including bank reconciliation and accountant collaboration, the solution can help revolutionise your current accounting process.
At Baldwins, each of our accountants holds a certification in working with software solutions developed by Sage. We offer extensive experience in advising clients with regard to the implementation and use of solutions such as Sage 50, Sage Payroll and Sage Cloud, helping businesses make the most of their digital accounting.
Recognised as Platinum Certified by the Quickbooks ProAdvisor programme, our accountants provide expert advice regarding every aspect of the Quickbooks software. From training to bespoke solutions and everything in between, our team is on hand to help.
Xero is one of the foremost digital accounting software solutions focusing on small and medium-sized businesses. As Xero Platinum Partners, we support businesses of all sizes in turning the solution to their advantage, drawing on extensive local business knowledge along the way.
Providing small businesses with the tools they need to forecast and improve cash flow, Fluidly combines human and machine intelligence to help strengthen our clients’ financial position. Our team partners with Fluidly to provide an all-encompassing accounting solution, helping you drive commercial success in the digital era.
As the market leader in credit control solutions, Chaser transforms the way your business deals with late payments, significantly reducing the time spent on chasing overdue invoices. Bringing together a wide range of useful features, the platform enables your business to improve cash flow, make informed decisions and deliver seamless integration with other accounting solutions.
Receipt Bank provides businesses with an efficient way of capturing receipt data, removing inefficiencies associated with manual entry. Utilising the software, businesses are able to collect and process receipts and invoices in a highly efficient manner, saving them precious resources in the process.
Why Choose Baldwins?
Baldwins is one of the UK’s leading accounting firms, acting as a trusted partner to businesses of all kinds. We believe an accountancy service should be about more than numbers alone, which is why we focus on understanding your unique challenges and supporting your business growth.
We embrace technological solutions whilst retaining our dedication to providing personalised and practical advice. No matter your budget or requirement, we can deliver an accounting solution that supports you in achieving your commercial goals.
Contact the Baldwins Team
To learn more about how our software solutions can help you make tax digital, or for expert advice on any other matter related to accountancy or tax, get in touch with the Baldwins team today. Contact us online or give us a call on 0845 894 8966 to speak to one of our specialist advisors.