About the Team
Mohit Khanna is a recognized expert in financial accounting and tax advisory. But that’s not it: he is also the driving force behind Cloud Tax. With over 15 years of experience in accounting and tax, Mohit is a force to reckon with in the UK accounting industry. He is an ACCA-qualified professional expert in cloud accounting, individual and business tax.
Who we are
Cloud Tax emerges in the accounting practice spectrum to fill the gap in cloud accounting and digital tax submission, eradicating old-school accounting and replacing it with cutting-edge technology for a hassle-free service. We spotted an exciting market opportunity, in what is typically a very traditional industry, to create something fresh, unique, and forward-thinking. There was a place in the market for a company like Cloud Tax to really stand out and transform the way people view accountancy.
We are Chartered Certified Accountants and tax advisors based in Ealing, London. However, we work for clients from all parts of England. We are equipped with cloud accounting and fully prepared for digital tax submission changes. Our team possesses a strong background in accountancy and corporate finance and as such are very well versed in the Small Business and Start Up environment.
As a Cloud Tax client, you get cloud accounting and proactive service management. Our aim is to take the hassle out of your finances, helping you save time, make money and grow your business.
We aim to work on the positives and increase them further, while also concentrating on the challenges and creating systems and efficiencies to help avoid these or wipe them out completely.
- Increase revenue & think like a larger business
- Improve cashflow
- Scale your business profitably
- Reach and outperform all set targets
- Improve strategic thinking
- Remove challenges and worries
We want to deliver an experience like no other accountant. As business owners ourselves, we are in the same position as you and see it throughout hundreds of clients experiencing the same challenges you may face.
What we do
Cloud Tax provides you with more than just a set of books at year end.
We have developed a range of services to cover many of the challenges you’ll meet, Here’s how we can help
Growing a business is one of the most exciting and challenging things that you’ll ever do. If you’re looking to scale up your business, we’ll help you work out what’s next, what the challenges are along the way and how you can overcome them (even before you reach them). Using analytical tools and industry insights to help you grow quickly and sustainably.
As your business grows, it’s all too easy to lose track of profit. The good news is that we know what it takes to really make money in a small business. We know the mistakes new business owners often make, and how to avoid them. We know the levers to pull to increase profit, and how to do this on a regular basis. Why not take a profitability review with us?
Cash is the oxygen that keeps your business alive. Without it, even the most ambitious and innovative businesses will fail. Yet, many small businesses don’t have an effective plan in place to manage cash flow, struggle to raise finance and are using outdated methods of collecting cash. We’ll show you how to get paid quicker and take the hassle out of managing your cash flow.
Exit planning is a process that starts years before you want to sell your business. Having helped many business owners grow and sell, we’ll show you how to increase the value in your company, build a business that works without you, and how to make your business attractive to buyers.
Moving to Cloud Tax could not be simpler. We have a simple 3 step process to moving over from your previous accountant as described below.
Contact us to get tailormade quote for your business
At Cloud Tax we discuss your business requirements and then quote you for the services you require. Once you accept the quote, we issue engagement letter with the fees involved. We offer full business packages or just individual services. You can get a personalised quote which will be bespoke to you dependent on your requirements.
We contact your previous accountant
As standard within the accountancy industry, a professional clearance letter is sent to the previous accountant to ask if there is any reason why we should not accept your appointment as a client. At this stage is also the transfer of references and company books if applicable.
Continue trading as normal
Changing accountant should be as simple as possible, so our process allows you to continue trading as normal so that you do not have a loss of income or business activity. We take care of all the necessary details to get registered with HMRC and Companies House.
Sectors we cover
We are experienced to help private landlords through to larger property investment groups. Take advantage of unlimited advice from your personal accountant without fear of additional fees – it’s all included as part of the Cloud Tax Accounting service.
Get in touch for more information and find out how we can help you manage your finances.
Buy to Let Accountant
Whether you’re about to take your first plunge into property investment or you already have a burgeoning portfolio in place, Cloud tax Ltd can help you to successfully manage your buy to let finances.
We are a firm of accountants based in London, regulated by the ACCA. We specialise in property accounting for landlords. Our accounting solution combines ongoing accounting support with the leading accounting software.
As a busy landlord, you understand that time is money and that’s why we offer an accounting service specifically designed for landlords, in order to
keep on top of your financial figures for your properties. We realise buy-to-let purchases have long been a tax-efficient way of investing your hard-earned money and by working with us, we will ensure your landlord business is operating as tax efficiently as possible.
Get in touch with Cloud Tax Ltd or read on to learn more about the range of fantastic extras that we offer to landlords and property owners.
The retail and wholesale sectors have always been very competitive business environments to operate in, but with the rapid growth of digital marketing, telephone sales, e-commerce, and overseas competition, businesses in these sectors need sound financial advice and the support of a team of professionals.
We know you need real-time, proactive advice on how to reach your overall business objectives and where appropriate advice on the installation of computerised systems to make your business more efficient.
Perhaps the biggest bane of a retailer’s life is the stringent compliance with VAT regulations. We take that hassle away from you. We will relieve you of a lot of unnecessary time and expense by advising you on the most appropriate VAT scheme, and handling your VAT planning and administration. You can then continue to focus on your business.
Whether you are a small shopkeeper, a high street retailer, a mail order company or an Internet trader, we will take great pride in helping you achieve your business targets.
Creative sector accountant
Whether you’re a freelancer or a large agency, Cloud Tax offers you the freedom to focus on delivering creativity, leaving accounting in our capable hands. We are used to working with clients in fast moving industries.
We also understand the pressures of your sector and the demands you face when it comes to producing the right results for your clients. Having our highly knowledgeable team working alongside you will allow you to focus on what you do best, i.e. providing a responsive service to match your clients demands.
Professional Services Accountant
With extensive experience in supporting professional service firms, Cloud Tax Ltd provides a comprehensive range of specialist accounting, compliance, tax and business advisory services to help our clients achieve a commercial edge now, whilst preparing for the future. After all, we’re a firm in practice ourselves, so we have a deep understanding of the unique issues, challenges and opportunities of owning, working within and managing a successful professional practice.
Our dedicated professional services team provides a full range of specialist services, from routine compliance to strategic advice and business transformation. Working with across a range of disciplines, including lawyers, consultants, architects, surveyors, patent attorneys, estate agents and recruitment consultants in the UK. We offer clients our commercial sense and insight to help balance the needs of the practice with the personal aspirations of individuals.
Contractors and Construction accountant
Construction is one of the UK’s largest sectors, but it is also one of the most complicated. Our detailed knowledge of this evolving sector combined with our specialist skills make us the ideal partner to help you navigate its complexities.
Property and construction professionals are subject to several regulations due to the mobile and wide-scale nature of the industry. Ensuring compliance and looking after your firm’s accounts consume a significant amount of your team’s time. To enable you to concentrate on your clients, Cloud Tax Ltd will manage your accounting, bookkeeping and taxation duties — accounting services that are designed specifically for property and construction professionals.
The breadth of our work has meant our knowledge and understanding of this sector is firmly cemented and we can offer our clients advice for their business whatever the requirements and circumstances not just for today but for the future.
Travel & Hospitality Accountant
As consumer tastes and buying patterns change, so too does the financial outlook for a leisure and hospitality business. Our expert team understands this highly competitive marketplace, and how sensitive it is to economic change. The highs and lows are real; we offer the best financial and accountancy advice to guide and support you through obstacles, and lead you towards growth.
Cloud Tax Ltd has an in-depth understanding of how these factors affect your accounting and bookkeeping. Our services cover:
- Preparing your annual and periodic accounts
- Bookkeeping tailored to hotels and travel companies
- Providing tax consultancy and recommending tax-efficient structures
- Compliance services with relevant regulations
- Budgeting and cash flow forecasting
The phenomenal growth of the tech sector is like nothing we have seen before. We passionately believe clients in this innovative sector need specialist partners that can match their vision, expertise and agility.
As long-term partners to the UK tech sector, we understand that the growth of a tech business does not always follow the usual rules. Our experienced team of specialist accountants for tech and digital companies understand that each tech firm is different, both in terms of needs and ambition.
Our tech experience includes capital investment, tax relief, creation of bespoke automated financial systems and providing comprehensive accountancy solutions, which include:
- Preparation of annual and periodic accounts, which consists of a balance sheet, a profit-and-loss statement and detailed analyses of costs.
- Bookkeeping services for efficient financial management
- Preparations for tax obligations and recommendations for creating tax-efficient structures
- Compliance to relevant regulations (if there are any changes in legislation, we will notify you immediately and incorporate the modification into your systems)
- Budgeting and cash flow forecasting services that enable you to identify growth opportunities (especially for tech start-ups)
From software industry accounting to consultancy services for tech start-ups, our team of experts are on hand to provide insight and expertise.
Healthcare Sector Accountant
The healthcare sector is in a constant state of flux – even in private practice, compliance needs are huge. Our specialist healthcare accountants have been working with GPs, dental practices, care homes and other healthcare professionals for many years, providing business management, accountancy and taxation services.
Our team at Cloud Tax Ltd we offer a full range of services in order to help your business thrive:
- Accounting for income from different sources such as private patients, participation on advisory panels and hospital work.
- Dealing with the complex issues of VAT registration
- Managing your practice accounts and your personal tax return
- Payroll services to ensure that your employees are paid on time
- Ensuring that you always comply with the relevant legislation and acting promptly if there are any changes to regulatory compliance
- Budgeting and forecasting to keep your practice on track
All our services come at a transparent fixed cost that represents superb value. Our comprehensive suite of services allows us to quickly recognise your problems and deal with them promptly and effectively.