Using the Cloud to stay current

When changes are made to tax law each year, it is vital to ensure that your accounting software is kept up-to-date. Using a Cloud based system is one option to help small businesses stay current without fuss or expense.

How it works

Cloud systems, also known as “Software as a Service”, are becoming a common way of doing business. Rather than purchasing software and licences to install on each machine, a business can “rent” access to the software via the Internet. The software itself is owned and maintained by the vendor.

This model allows users to access the software and your saved data from anywhere in the world. When managing your accounts through a system such as Xero, users can log in from the office, from home, or even from a mobile device at the beach to update your business numbers.

Helping with tax

When tax laws change, your accounting software needs to be updated to ensure its calculations remain accurate. As the new tax year approaches, it’s a good opportunity to consider one of the most significant benefits of Cloud computing; your annual subscription fee covers all upgrades including the addition of new accounting tables each year to address changes in tax legislation. Best of all, these updates are done for you by the host!

When you work with 3 Wise Bears, subscription to Xero is included. Not only will you stay current with changes to tax legislation, you’ll be able to share your business numbers with us over the Cloud so we can work with you to help grow your business.