Managing your finances shouldn’t be difficult; it should be easy, accessible and secure.
Being able to access real-time accounts and management information 24/7 enables you to make informed decisions, stay ahead of competitors and on top of cash flow & the bottom line. Migrating your finances onto a cloud based solution will allow you to focus on your business and ensure that all Making Tax Digital (MTD) obligations are being met.
Choosing cloud now means MTD compliance takes care of itself and your focus can shift from worrying about the compliance burden to running a successful business.
At Campbell Dallas we can offer multiple cloud-based solutions from our partners, as well as desktop based MTD compliant services. We can tailor a solution to fit the needs of you and your business. Our local teams of accountants & advisors are trained to find the right solution for you.
How do cloud-based solutions work?
Cloud-based software is nothing new, it’s used every day for social media, document storage and online banking to name a few. The software is held on secure servers that are managed by the software providers meaning any updates or improvements are automatically completed.
What are the typical benefits of using a cloud-based solution?
• Instant access to up-to-date information in real time; including customer payments, invoices, tax and transaction activity
• Reduced errors with less manual entry, improving efficiency and accuracy
• Multi-user access allowing your staff to use anytime and anywhere. Controllable user access levels
• Data backups usually completed by the cloud-based provider reducing loss of data and improving security
• Software updates are usually automatic meaning less client input compared to conventional software
• Mobile access for reporting, invoice capture and operating expenses
What does Campbell Dallas add for clients?
• Automated credit control applications to assist with collections and notifying customers of soon overdue invoices
• KPI reporting and KPI dashboard tools
• Cash flow forecasting combining artificial, financial and human intelligence to predict and protect business finance
• Document capture apps for digital invoice capture with Optical Character Recognition (OCR) to cloud solutions
Modernising the UK tax system
MTD is set to modernise the tax system in the UK with the aim of being one of the most digitally advanced tax administrators in the world. Each cloud-based solution provider is working closely with HMRC to comply with MTD requirements. As of April 2019, any business above the VAT threshold will be required to keep their records digitally and provide quarterly VAT updates. Any businesses below the threshold can voluntarily choose to use a cloud-based solution. Thereafter, it is expected from April 2020 all UK businesses will be required to submit all tax information online, on a quarterly basis.
Partner and Cloud Accounting Lead
Fraser works closely with a large range of clients and uses his knowledge of different sectors to listen to client needs as they transition onto cloud packages. Working with the team internally, he drives direction and output in order to deliver the support our clients need.
Cloud Transformation Leader
As a qualified CA, Shahbaz is key in shaping our digital and cloud accounting offering. He has a background in delivering digital innovation strategies for many international governments and a wide range of experience in building and advising FinTech businesses in both the UK and Middle East. In 2018 Shahbaz was recognised as one of the Top 100 CA’s Under 35 by ICAS and was also listed in the Top 500 Global Leaders in the OIC for his contribution to the development of the FinTech sector in the Middle East.
Andrew, a Partner based in our Perth office has a wealth of experience looking after businesses of all sizes and types. He acts for a number of corporate groups based in the East of Scotland. Away from the larger corporates he is accustomed to providing commercial and tax advice to family businesses.
Andrew is a CA and Chartered Tax Adviser who has worked in practice in Ayr for over 20 years. Whilst representing clients across a variety of sectors Andrew has a particular specialism in agriculture and other rural businesses.
Ian, a Partner in our Perth office looks after a diverse portfolio of owner managed businesses, ranging from groups of companies to family partnerships providing accountancy, business advisory and taxation advice.
Ian Williams, Partner in our Stirling, Aberdeen, Perth and Glasgow offices, is Head of Renewables, a member of the firm’s Tax Consultancy Group and Corporate Finance Group.
Ian has established himself as a leading adviser placing an emphasis on profit improvement, capital taxes, VAT and stamp duties planning and forensic work.
Business Advisory Services Director
Julie is a qualified Chartered Accountant who has been with us for over 23 years. Julie has worked in our Audit and Corporate Finance teams and is an integral part of our Business Advisory Services team. She provides regular management reporting services to a number of clients and attending their Board meetings, as well as preparing detailed financial projections to help them manage their businesses.
Nicola has been with the firm for over a decade, relocating to the Kilmarnock office when it opened. Whilst with the firm she has worked with a broad spectrum of clients and gained her CA qualification. Advising on the accounting and taxation affairs of businesses of all sizes, from sole traders to corporate group structures transitioning to audit, working with owner managers and finance directors alike. Nicola has worked in a project management capacity for a NASDAQ listed company and has previously volunteered her time as a business advisor to Young Enterprise Scotland.
Nicole is a Senior in Business Advisory Services and is one of our Cloud Accounting experts. She is an integral part of our Cloud expertise and works closely with both our Cloud Accounting Lead and Cloud Accounting Manager. She is one of our Xero Hero’s and works across the firm to ensure that her colleagues are supported and kept up to date with all changes in the sector. Nicole is also a familiar face to many of our clients who have migrated onto the cloud.
Rachel has extensive experience in advising a wide range of businesses within the SME sector. She leads one of our integrated Business Advisory Teams that work closely with their clients to deliver joined up service across all services and disciplines. Rachael is one of our Cloud Accounting experts, working with clients and colleagues to ensure successful cloud migration. She routinely assists her clients with varied assignments such as budgeting, business funding, general strategy, systems improvement, tax planning and general financial and commercial advice.
Roy, a Partner, manages our Stirling office. He specialises in compliance services, as well as having considerable experience of transaction support and corporate finance advisory work. Roy has outstanding experience of advising in the dental industry and keeps close to the many clients he advises within this sector.
Stephen is a Chartered accountant with over 20 years’ experience in the SME sector. He advises clients across a wide range of sectors including healthcare, charities, audit and financial services.