Software support

Online accounting offers a wealth of opportunity for small businesses. Also known as ‘cloud accounting’, it allows you to access accounting software online from anywhere as your data is stored remotely on a dedicated secure server system, or ‘the cloud’.

The automation and efficiency offered through tools such as bank feeds and automatic purchase invoice processing can be a game changer for businesses that need to save time. However, with so many accounting products on the market all claiming to make your life simple, deciding which one to use for your business is not always straightforward. 

At Kingston Burrowes, we bring together our practical experience of using a range software packages with an understanding of your business, to help you make the right decision for your business.

Our approach is flexible so if we believe one system will work better than another for your specific needs then we will advise you as such. We have experience across various packages including Quickbooks, Xero, Sage One, Kashflow and FreeAgent. We are also able to access preferential rates for many online accounting packages, including well known providers such as Xero and Quickbooks.

The move to online accounting isn’t just a result of businesses desire for improved efficiency. In 2019, the whole tax system changed, with the introduction of ‘Making Tax Digital’ by HMRC. The initiative aimed to improve the way businesses and individuals declare their tax to HMRC using digital filing of information.

Making Tax Digital is being rolled out over a period of time, and while it started in 2019 with VAT for businesses with a taxable turnover above the VAT threshold, it has now been extended to all VAT-registered businesses. And as of April 2024, anyone completing Income Tax Self-Assessment will need to comply with the MTD changes, with Corporation Tax compliance likely to follow in 2026.