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Stay Ahead with Cloud Accounting Software with VAT Return

Desktop based accounting solutions are almost vanishing from the market. With the advent of cloud-based accounting solutions, even small businesses and proprietors are looking for an affordable accounting solution which can accommodate all their requirements.

There are a lot of companies which offer accounting software so at times it becomes difficult to select any one from the many available. However, there are few downloadable applications customised for the small businesses that have remained high rated as per the last year’s counted number. But certainly, cloud-based accounting software is much easier to adapt. Few software offers mobile-friendly apps that enable its owners can access the data from anywhere. So now creating invoices, purchase orders and bills, financial reports, banking, corporation tax, multi-currency and many other functions can be directly managed from your mobile phone. Other obvious advantages of the cloud-based accounting software are:

  • User-Friendly
  • Compatible with Price
  • No Capital Expenditure
  • Real-time Data Access
  • Data Security
  • Savings in Software Maintenance
  • Multiple-Device Access
  • Data Back-Up

Managing and operating a business involves a lot of tasks to be handled. Say filing for VAT Returns can be one of the most time-consuming tasks while managing the account of any business. Complying with the VAT Rules, the owner has to take care of VAT Records and Returns. Calculating correct VAT based on the financial transactions is vital for every business. The cloud accounting software takes care of filing VAT for every business and thus helping your business grow simultaneously.

MindooAccountax Software with VAT Return

 

MindooAccountax makes it mindooto stay on the top of your VAT! It is a cloud accounting software with VAT return where you have to only select the quarter you want to prepare for VAT return for & this software will do the rest for you!

MindooAccountax is a user-friendly online cloud accounting software UK developed to make sure that you meet all the VAT rules. It calculates VAT correctly on international transactions – and gives you all the information you need for your VAT Return.

It does the following tasks in a row:

  • Prepare your VAT Return easily
  • Submit VAT Returns directly to HMRC
  • Support for EC Sales and Reverse Charge VAT
  • Prepare CIS Returns in No Time
  • Submit CIS Returns directly to HMRC

These steps can make VAT Return filing process easier and will consume less time.

You can get in touch with our expert on +44 (0) 333 011 9372 to know more about MindooAccountax! We also offer excellent training to our clients and help them to resolve their queries.

 

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Why Switch to Cloud Computing Solution? Top Five Reasons to Consider

We live in a fast-paced and a purely internet driven world. The demand for data access from anywhere, anytime and any device is the imperative factor for every business. One of the biggest buzz in the IT field is “Cloud Computing” and it has brought incredible change in most of the industries.

More than 70% of UK businesses are using at least one cloud service. Simply put, people have started using cloud solutions due to the huge list of benefits offered by it. This is certainly making IT industry; a revolutionised one all over the globe. Whereas in the past, people used to run the program after downloading it onto their system. Cloud Computing allows the people to access the stored data anywhere and any device.

Cloud-based accounting solutions are simply great to use! Every business owners seek for cost-effective ways to maintain their processes and also for improving the ways of engagement with their customers. Cloud-based computing system will easily link the owners with their customers and they can stay in touch with every new update/add-on feature of the system.Cloud Accounting - MindooAccountax

If you have spent time on researching the options, you will have a tough time to select one program which offers cloud-based services. Choose the cloud solution that increases flexibility, scalability, improves cash flow and other advantages. Also check for solution that will cover your business needs and it fits in your budget. This will be a boon to manage your workload faced by small size businesses.

Flexibility:
Cloud services are important for every business; regardless of its size as it is highly beneficial for growing bandwidth demand. They also offer a real advantage for the businesses over their competitors.

Disaster Recovery:
Cloud services have been helping small, medium and huge organisations with information back-up and data recovery solutions. And this largely saved time, money plus the infrastructure costs for every business.

Security:
Loss of data can prove harmful to your business. Cloud Computing gives you greater security as you can access the data from anywhere, anytime and any device.
Cloud Accounting Solutions Security

Flexible Costs:
Cloud computing services do highly cut down the infrastructure costs. There are a lot of programs where you will require to sign up and enjoy subscription based upon the budget.

Automatic Software Updates:
The best feature of any cloud- based computing software is that the suppliers only take care of the timely updates required. These updates include security updates so you don’t have to worry about maintaining the system at specific intervals of time.

Do not let your business grow slow! Embrace MindooAccountax; cloud accounting software and take advantage of this technology. Maintain your competitive edge by using this advanced accounting solution for your business.

The right solution like MindooAccountax promises and increased efficiency of your business. It is a reliable accounting software for small businesses and professionals.

To find out more, call on +44 (0) 333 011 9372 today!

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Reap Advantages of an Acute Accounting Software for Small Businesses

With technology reaching sky heights, the whole business scenario is simplifying the traditional accounting procedures. In fact, the business owners have already chosen the best-fitted accounting software for their ventures. Nevertheless, with too many options available in the market, it is vital to keep in mind the best for the business, whether it is a start-up or small-sized firm.

Rather than opting for bookkeeping methods, the owners undoubtedly hire a full-time employee to take over the accounting and other related tasks. In most of the small firms, employees have to work upon multiple job roles. So, now the change from the traditional methods of bookkeeping and maintaining records has got a new face. Consider the varied features of the accounting software which you think can fit for your business. The need for business accounting software will make the owners relieved from making duplicate entries and it will make error-free accounting process. It will make the transactions quick whilst mindoomaintenance of each.

Cloud Accounting Software

MindooAccountax has been developed with an aim to provide automated transactions, quick reports & analysis, create, save organize and retrieve financial data of the business. Whether it is for a small business or professionals, this cloud accounting software works the best.

  • Saves Time
  • Increased Accuracy
  • Secured Information
  • More Organized Data
  • Better Decision Making
  • Managing Cash Flow

This financial accounting software UK has a lot many features which assist in saving time and in turn helps business to run smoothly. It becomes mindooto record the expenses, bills and check credits & returns. The reports generated by this accounting software are more accurate and thus help in forecasting future of the business. Also, it reconciles purchase orders and invoices so that the business data stay updated in the accounting system.

MindooAccountax is also considered “perfect-one” as cloud accounting software for accountants through which they can accomplish their set goals. It allows them to tackle finances in a user friendly way without the need of having accounting knowledge. Go for MindooAccountax as it offers additional features to help businesses and professionals to make the most out of it.

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Great Accounting Mobile App for Your Business

Every business owner looks for an affordable accounting solution. While searching for the best accounting software, we look at the time-saving features offered by it and its cost. These products vary in cost and so does the features. MindooAccountax has been developed by experts and it offers best  online cloud computing and accounting services.  With every app going viral on smart phones, MindooAccountax has launched a mobile app to assist the users to manage their accounting process easily.

It does not matter whether you’re starting up a new business or have an existing business, an accounting software must cater to the needs of business. MindooAccountax has the flexibility to customize as per the nature of your business. You need not to worry about managing reports, billing, expenses, payroll, taxes etc. as MindooAccountax’s mobile app will keep good records of all these transactions. Whether you’re travelling or out of the office, this app will easily help you in keeping track of the transactions. Whether it is sending invoices to your clients or tracking expenses of the month, everything will be taken care of. It is rightly said that an effective accounting mobile app will run your business on screens.

MindooTouch

What features does MindooAccountax provide? Here are they:

  • CRM
  • Accounting
  • Banking
  • e-Documents
  • Payroll
  • Practice Manager
  • Inventory Management
  • Bills & Expenses
  • Asset Management
  • Financial Reports

It is simple to use and mindooto operate on your mobile screen. Providing the services with assured quality, MindooAccountax offers 24X7 customer service  to all its users. This mobile app makes it effortless for the users to perform various operations.  Choose MindooAccountax and it will save your time of manually recording entries on a daily note.

So whom are you waiting for? Get your hands on this user-friendly and convenient accounting app!
MindooAccountax App: 
Download Android App
Download iPhone App

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Make the right choice of accounting software solution for your business

If you’re into the business, the first step is to regularly update the income and expenses of it. Wait a moment? Are you thinking about a book and pen to do it? Well, nowadays almost every business has started adopting online ways to record transactions. Not going with those traditional ways of offline book-keeping, the second question is – What kind of software your business actually requires? This might be little confusing as everyday there are many products coming up for this industry.

With a variety of businesses edging the market, there are number of accounting software developed for small, medium and large organizations. Even the smallest business will have accounting software solution to record financial data. Now, it’s your turn to choose one from the numerous accounting solutions that comes at pocket-friendly cost.

Choose MindooAccountax

  • What features you prefer to have it in accounting software?
  • How much are you willing to spend for the accounting software? Will another option fit for your business, if opted?

Every business has different requirements so select accounting solution that has all features you’re looking for managing your business smoothly. Installing accounting system allows the business owner to manage financial transactions and increase its scalability.

Accounting solution will fetch your business accuracy in maintaining records; such as preparing invoices, bank statements, bills & expenses, payroll, manage inventory, create & maintain purchase orders and others. It will be a source for all such information while taking care of business accounting needs. Those who posses less knowledge of accounting and its process, can also still login, browse and view the sheets & stored information. Clean interfaces of software will enable them to quickly fetch the data and also learn the software.

It is always safe to spend time before you purchase accounting software. For few organizations, this has become a mandatory step because as they grow huge, more grows the data in size. Choose the right one for your business and you’re sure to save hours from recording book entries. While few of the accounting software are specially crafted for huge companies that include features such as: Accounting, CRM, eDocuments, Asset Management, Purchase & Billing, Banking, Financial Reports, Payroll and Practice Manager. It is always best to try the software; if possible before you plan to purchase it.

Keep aside those traditional methods of book keeping and let accounting software manage your business accounts. Select the one best suited for your company. Get your businesses running on internet wheels with accurate accounting software. Be accurate, be quick!

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Benefits of Payroll Software for Organizations

If you run a business, chances are it has employees. And unless you are very famous, and you will have to pay the employees of their work. There is a whole lot of effort involved in organizing paychecks and making sure that you are contributing the right amount of taxes, pension and other funds and the bigger your organization becomes, the more difficult those payslips become to keep track of. With some basic skills you can save lots of effort and let your management system grow with the success of your business and the top five ways in which payroll software can benefit you are;

  1. Convenience

    You can pay your employees from anywhere effectively with a computer program that can track and record everything for you. All you need is just a laptop and you can have control of all the details you need to update the payment of your employees – which means your employees are not kept waiting and you can easily multi – task from anywhere.

  2. Forecasting

    Payroll and business software has the capacity to exhibit you your right expenditures in various areas within a click of your mouse. If you are planning to take another staffer, you can easily calculate the effect of an extra payment you will have on your profit margin and assess immediately the viability of your decision.

  3. Lessens tax headaches

    When the tax time is gone, instead of chasing up the paychecks and records which you might not kept in the most timely fashion, simply burn a Disc or just email the file to your account and Voila you have a perfect tax record that’s been sorted without human error!

  4. Designed with non – expert

    Unlike having to negotiate the problematic tax brackets and regulations when you plan your payrolls manually, a cloud accounting software with payroll is aimed to be mindooto use, intuitive and practical for the inexpert payroll administrator.

  5. Can back up your work easily

    Making copies of all those essential documents (you have to hold them for seven years after all) have never been an effortless and payroll software enables you to store the details in various safe locations, including some reliable online services, which means that if the computer is jammed you can always access the records.

Payroll software can tremendously improve payroll accuracy through the introduction of streamlined techniques that notable lessen time – consuming methods like variable and personal data collection and input. And with the help of payroll software last minute data entry and inaccuracy risks are minimized.

We are in the age of the computer, and this technology is, for all it provides to increase their business will get themselves quickly out of the race.

Best cloud accounting software UK offers more than just a basic software as a service, it also offers time and labor management as well as the basic payroll functions such as attendance and time system that enables you to record when your workers are working, what they are doing and the time duration of the work they do.

Since payroll software is an internet based program, it enables your employees to amend data and input anytime, anywhere they may be. As a result, it can be implemented into the HR system and the payroll, which means that the said data is obtainable for payroll staff or managers to analyze and enables more effective management of teams, smoother and more manageable and empowered workers managing their work effectively and the risk associated are removed with double input of the needed data.

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EasyTouch-Accounting – Our Newly Launched iPhone Application

Accounting does not need an introduction and we all understand the importance of the accounts that need to be maintained. In case you are an entrepreneur and have been facing problems in accounting for your business, then you have not tried the MindooAccountax Services yet. While we strongly recommend it for you to give it a try once, we also ensure that when you try it once, you would not want to switch to any other service.

Smartphones have taken a major portion in our lives with most of the connectivity maintained through the use of Smart phones. Be it professional or personal linkages, the connectivity between the user and the phone is unbreakable. While it may not be considered healthy to stick to one all day long, it is imperative to understand that the benefits of the smartphones are way beyond tweets and face book.

For a small business to grow in its term, a proper accounting not only ensures a schematic method of carrying out the business, but also ensures that the business is well controlled and modulated. This is why, it is necessary to ensure that the accounting does not remain a function of the business but becomes and integrated part of the business altogether.

This is where MindooAccountax learns to take care of the different consumer demands where in the need to connectivity is the first basic criteria through “MindooTouch Accounting”. With the launch of the new phone application, connecting to your company account and accounting systems on the mobile phone is now a game play. All you have to do is login and get to know of the accounts at the click of the button. With the new application that has been launched on the iTunes, the Apple phone is now the accountant your small or medium business could have. We give you the reasons why this app should be on your mobile phone

  • Learn to connect to the system with ease and ensure that you are connected throughout

  • Know your accounts on the tip of your fingertips with mindoocalculations and automated functions

  • Remote access to the accounting system so that you can work even when you are not at work

  • Ease of access and detection such that you always know who logged in to the system and when

  • v. Mindoomethods to update and calculate the different functions with the simple formulas and auto edit options

While you try to add to the convenience of the business, it is also needed to ensure that the system is well developed so that you do have the ease for sure, an in addition also have the security that would keep you and your business safe.

We strongly suggest that you download the App and reap the benefits that can really benefit your business and with the ease of the remote access in to your system through the mobile phone, you can practically launch the system anytime and anywhere, thereby improving your personal life too.

Related Article – MindooAccountax Launches Its new Android Mobile Application

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MindooAccountax Launches Its new Android Mobile Application

For a name that has the repute for the best services in online accounting and cloud computing, no one can provide better and economical services than MindooAccountax. With respect to the functionality of the services, the primary competitive edge that MindooAccountax has, is the customizable nature of the services that the company provides with respect to the individual needs of the customers. This is primarily why the company is able to deliver a cent percentile of customer satisfaction.

In order to further increase the satisfaction of the services that have been provided, the company has recently launched a mobile app for accounting to further manage the process and cater to the needs of the customers. Naturally, with the functionality on the mobile phone, the ease and the usability of the Application is unmatchable. Apart from allowing the user to manage the accounts while on the move, the application is supremely user friendly and has mindoodrop down menus that help you easily access the system. This perpetually relates to a complete connectivity even when you are on holiday. This means that even if you are out of office, the work does not stop.

Why should I use the App?

Well, simply because, the App is a cost effective way to ensure that the business is not really impacted with any internal and external changes in your life. We give you some of the best benefits that can be availed with the service.

  • For all the needs of a professional invoice, this App works the best. Make them in limited time and send them to the client end while you are on the go. This also helps you in keeping a close record of how much someone owes you and the payments that you need to make.

  • Brilliantly incorporated the “Auto -Email Chase: feature helps you track the services that are to be provided and the receipts that need to be chased. So there is no need to ask your assistant to remind you.

  • Manage all the expenses while you are moving. This would naturally help you stay connected even without a computer or a laptop.

  • Even better is the import function where in you can just import the excel document and all the reports and statements from the bank. And when you get the bank account details daily, naturally all your records are updated daily.

  • There is no need to design and develop expensive and complicated software for the company when the need to generate the results can be simply fulfilled on your mobile phone.

And in order to offer the best services to the customers, that are highly valued, a round the clock customer care service is available to answer all your queries, and guide you through the system. MindooAccountax understands that the best services are customer oriented and thus to increase the satisfaction of the customers, various other features have also been added to enhance the services. This new mobile App that has been launched would be effective in revolutionizing the business accounting to a great extent.

Related Article – EasyTouch-Accounting – Our Newly Launched iPhone Application

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A Detailed Guide to Small Business Accounting Software

Whether your business is small or medium sized, the need for automated accounting are far more varied than the need to calculate the profits and generate the interests. More than the errors free accounting, Business accounting software provide the best durability and safety to the data that has been recorded. We help you with a small business accounting software guide to help you decide the best for your business.

Benefits of an Accounting software

The benefits of an accounting software range much beyond the scope of the application. With just one software, the side benefits that are provided are many. A good accounting software guide for small businesses should be able to guide you through the process and also list the key benefits as:

  • Remote access to data that can be retrieved from any location using a user name and a password

  • The ability to access updated records at any point of time

  • Automated calculations and updating of data that is beneficial to the company in terms of the business decisions that have to be made

  • Error free and mistake free computing

  • Ability to lead the data on the cloud and access it on various devices throughout the organization

  • The need to remove and check the redundancy of data is eliminated

Despite the effectiveness of the system and ease of applicability of the data, on an accounting software, the widespread application of the data accounting software has been a challenge owing to the limited scope of knowledge that people have. At easyAccountax, the expertise on the system with a dedicated team catering to the requests of the customers, to incorporate the system on the machines is the USP that they have attained. Various accounting software is easily available in the market and based on the needs of the user, the specifications can either be added or removed. Sage One and QuickBooks online have been recorded as the most applicable to all types of businesses and the following are the reasons for the recommended use of accounting software for the small businesses:

  • As an owner of a small business the focus needs to be lent of business and expansion. With an accounting software in place, the company can divert the attention to other activities, that may be imperative to the success of the organization.

  • With an accounting software in place, the reports that are generated are schematic and well drafted. This creates the background for the information that may be needed to entail the future business decisions and decide upon the route forward

  • Accounting software also allow security and safety to the data that is to be stored creating a limited user access in cases where the access to certain portions of data needs to be limited.

It is imperative to note that the accounting software that is being applied has to cater to the needs of the business and the choice needs to be made individually not as an imitation of a competitor or otherwise.

Small Business Cloud Accounting Software Infographic

Cloud-Accounting-Software

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10 Weird Facts You May Not Know about VAT

VAT or Value-added Tax is a form of consumption tax imposed by the national government of the United Kingdom. The country saw introduction of this modern day tax system in 1973; right now, it is the third biggest source of revenue for the UK government. The first and second sources are income tax and National Insurance respectively. Value Added Tax is collected by Her Majesty’s Revenue & Customs, mostly based on the VAT Act of 1994.

VAT was initially a simple tax. However, over time it has become quite complicated. Due to the immense complications of the VAT system, experts often refer to it an economic theme park where legal and factual realities are inverted and suspended. For those who consider this definition of VAT an exaggeration: here are 10 weird facts about VAT.

  1. VAT imposed on gingerbread-men varies based on the kind of decoration the item boasts. If you are purchasing a gingerbread-man that just has a couple of chocolate spots depicting its eyes, you will not need to pay an additional amount as VAT. The moment any other chocolate decoration is added to the item, VAT will be applied.

  1. Stolen cash is definitely subject to VAT, but the same rule doesn’t apply to goods stolen from shops.

  1. You might find this rule even weirder; VAT is imposed on all counterfeit goods, but there’s no such rule for counterfeit cash.

  1. You will have to pay VAT when buying shortbreads that come coated with chocolate; however, if you love shortbreads with caramel coating, you will be saving the amount spent as VAT.

  1. Honeybees are not taxed under the VAT system, but bumblebees are.

  1. Petrol, poodle food, orange squash, and ice cream are all categorized as “luxuries”; however, Labrador food, lap dances, and caviar are not listed under any such special category.

  1. According to UK”s VAT act, Ferrets are pets; the country’s law, however, doesn’t consider rabbits as pets.

  1. Although all physical publications have been exempted from VAT, one will need to pay the tax when buying eBooks.

  1. The majority of the nuts, which are sold with their shells on don’t require the buyers to pay VAT. However, the ones that are de-shelled always attract this tax.

  1. Last, but not least the VAT rules surrounding Jaffa cake are considered among the weirdest. As a result of being tagged as a cake by the Upper Tribunal, the tax rules applicable for Jaffa are different from what it would have been if it was a biscuit.