Starting a new business? Get 40% off our accountancy services for 3 months! 😀

x

A report titled ‘CCH: What SMEs expect from their accountants’ has revealed that 38 percent of Small and Medium Enterprises in the UK expect their accountant to process their documents online within the next two years. The report commissioned by CCH reveals the results of a survey which questioned 386 people who visited the businessZONE website.

The report also reveals that 73 percent of businesses want to send at least 50 percent of their documentation to their accountant online. A large number of SMEs deal with business transactions online, including sales, marketing, purchasing and recruitment. As other activities are dealt with online, including banking, insurance and HMRC, accounting is expected to follow suit. Banking remains the most popular online transaction, with 60 percent banking online at least occasionally.

The head of CCH software, Simon Crompton said:

“As the appetite for- and use of- online systems grows, particularly among a younger generation of entrepreneurs, SMEs are emerging as the driving force in the adoption of new technology. Accountants need to ask themselves-and their clients- where their own clients stand on this issue.”

Crompton goes on to point out that the majority of SMEs will want to deal with accounting online in the near future, with only a small number happy to retain traditional services. The survey shows that accountants are responding to clients, with 44 percent of businesses saying they have access to a minimum of one service online. Other businesses expect their accountant to offer online services within two years. A third of businesses cited ‘integration with my accountant’s system’ as a main advantage.

guest
0 Comments
Inline Feedbacks
View all comments

Read more posts...

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More

June 2022 Client of the Month: Manea Kella

This month we spoke to Adrian Manea, architect and director at Manea Kella, a London based RIBA Chartered architecture and interior design…

Read More

Succession Planning for Business Owners: What Comes Next?

When you own a business, it’s extremely normal to feel like you’re surviving one day to the next – ‘winging it’, as…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

Call us on 020 3355 4047 if you’re not sure.