cloudkeeping for Sole Traders is an online income and tax management tool to help self-employed individuals manage their money more effectively through an easy to use cloud based accounting software package which is accessible from any web enabled device.
If you are either purely self-employed or have supplemental untaxed income and are looking for an easy to use online bookkeeping package, then this solution is for you.
Once signed up, you will be able to start managing your finances immediately. You will also be able to add historical data to ensure you have all your records online, in one place and at no extra cost.
As a self-employed individual you are required by HMRC to complete a self-assessment tax return every year. This annual return requires you to declare any profits and/or other income, such as interest, on which you will be expected to pay tax.
In order to ensure these declarations are accurate, you will need to keep meticulous records of all your debits and credits to ensure you avoid any penalties or fines from HMRC. cloudkeeping does exactly this.
cloudkeeping has been designed to be as straightforward as possible so that you can submit your own self-assessment return without having to employ an accountant and incur high costs. Our software enables self-employed individuals to simply and accurately manage their finances such as invoicing, expenses, PAYE income, investments, dividends, interest, cash transactions etc.
cloudkeeping’s unique tax calculator tool uses the data you input to automatically calculate and track your VAT, PAYE, EENI and other tax liability figures. This means that you know exactly what taxes you owe HMRC at any given time and can budget for them. There will be no more unexpected bills from HMRC and you will always have real time transparency of your financial and tax positions.
