What is cloud accounting?

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RWB image_Xero cloud accounting software

Cloud accounting software allows you to perform all the functions of traditional accounting but with the convenience of instant access on multiple devices. This can be either on premise software or self-installed accounting packages. However, instead of being on site, the software itself is hosted on a remote server and users access software applications remotely through the Internet or other networks (mobile data) via a certified cloud application. 

Data is sent into "the cloud," where it is processed, encrypted and returned to the user securely.

Using cloud accounting software alleviates the business from the pain of having to install and maintain software on individual desktop computers. It also allows employees in other departments, or branch offices wherever they may be, to access the same data and the same version of the software, and more importantly work on the move.

Barrister accounts: Your FAQs answered

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If you’re like many barristers, you probably have a fair few questions about your accounts and general financial arrangements. Not surprising really, as financial accounting for barristers is often complex with numerous matters which relate solely to your profession.

Why careful planning could save you and your family thousands in inheritance tax

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RWB image_Inheritance tax

 

Inheritance Tax was introduced as a tax only for the rich, but more estates are being caught within the tax net. A recent study shows that UK Inheritance tax is the second highest in the world with over £3 billion in inheritance tax being paid to HMRC this year. This has resulted in an increasing number of families planning to mitigate their inheritance tax bill.

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Email: enquiries@rwbca.co.uk

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