Who we are
Cloud Tax emerges in the accounting practice spectrum to fill the gap in cloud accouting and digital tax submission, eradicating old-school accounting and replacing it with cutting-edge technology for a hassle free service.
We are accountants in Hendon however we work for clients from all parts of England. We are equipped with cloud accounting and fully prepared for digital tax submission changes.
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 things that yo’ll ever do. It’s also one of the most challenging. 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). We’ll use analytics and share insights to help you grow quickly and sustainably. Let us show you how.
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 avoidthem. 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small businesses don’t have an effective plan in place to manage cash flow, struggle to raise finance and are using outdated methods of collecting cash.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 detailed 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.
Buy to Let Accountant
What are the buy-to-let tax changes for 2017?
The major buy-to-let tax change that came into force from April 2017 affects all finance cost(such as mortgage interest payments). Prior to April 2017, higher rate taxpayers could offset these payments against their rental income before making their final tax calculation. From April 2017, this relief will be phased out, resulting in higher tax bills. Those bills will increase even if landlords’ rental income has remained static.
The first phase of the process has already begun, with landlords now only able to offset 75 per cent, rather than the full 100 per cent, of their mortgage interest payments. This phasing will continue until 2020, by which point landlords won’t be able to offset any of their mortgage interest payments.
However, the change doesn’t only affect higher rate taxpayers. Once rental income has been taken into account in tax calculations, the change will push some basic rate taxpayers into the higher banding. Those at the lower end of the scale may also see their liabilities increase as some will no longer eligible for certain means-tested benefits.
How can I mitigate the tax changes on buy-to-let?
Please contact us if you are private landlord with buy to let portfolio and we would be happy to discuss the options available.
We are experienced in working with the UK’s most exciting retailers, franchises, small boutiques and multi-brand retailers.
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.
Professional Services Accountant
From consultants to life coaches, more and more professionals are setting up in business. Cloud Tax is here to help.
Contractors and Construction accountant
We offer contractors a complete solution, providing everything from day to day accouting to tax advice.
We provide expert financial advice to hospitality chains, independents and industry suppliers.
Our tech experience includes capital investment, tax relief and the creation of bespoke automated financial systems.
Medical sector accountant
We work with locum GPs, dentists, small practices, industry suppliers and the NHS, offering professional and private support.