CLOUD COMPUTING is being used as an excuse to “ratchet” up prices for accounting technology, said the chairman of Accountz.
Quentin Pain, founder of on-premise accounting software Accountz, said the monthly subscription rate charged by cloud vendors is “alarming”
Small business owners hate recurring charges and would rather pay once for software. He also hit out at vendors that previously charged a £200 one off fee were now pricing their cloud option at £15 – £20 a month.
“Over a decade, what looks like a cheap option easily ends up costing £2,000.
“Bookkeeping is something they’d really rather not be doing and they need cheque books, folders of receipts, credit-card statements and red-ink paid stamps laid out in front of them.
“And those who do want to send an invoice out while on the move can do it more quickly and reliably with software installed on their laptops than with cloud services that require 100% permanent internet connections.”
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Colin responds to the call for 'Darwinism' in accountancy
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned