The end of the tax return is nigh...digital tax is to become a reality, and very quickly.
From 2018 interaction with HMRC will become increasingly digital, with businesses using Cloud accountancy software packages (apps) set to record business activity.
Spreadsheets will no longer be the norm and software will instead link directly to your business bank account, so transactions are automatically captured and included within your accounts on a daily basis.
No more receipts clogging up your desk drawers; you can now take a photograph of your petrol receipt and upload it directly to your accounting app, meaning your records are updated in seconds.
No more preparing sales invoices to be sent in the post; instead, you can create and send them directly to your clients from your phone, and your sales figures will be updated instantly within the software.
And you will never have to worry about back-ups of your accounting software again!
See your accounting figures 24/7, 365 days a year all from your Smart Phone.
Ellis & Co are experts in Sage, Xero, QuickBooks and FreeAgent accounting software.
We offer impartial advice from the start; we will review your needs, your resources and offer a solution that is best for you.
If you choose the right package right from the start it will streamline your record keeping, giving you more time to run your business.
HMRC issued ‘Making Tax Digital’ in 2015, announcing these big changes for 2018 and eventually becoming fully digital by 2020.
You now have a two year time frame to move from the desktop to a cloud package, so don’t delay.
We can offer you, depending on your requirements, a FREE accountancy software package.
For further information, or to sign up today, email firstname.lastname@example.org or call 01244 343504.
To help make the process smoother we will be holding an event entitled ‘Are you Digital Tax Ready’ on Thursday, February 23rd at Rowton Hall, Chester, from 8am – 10am.
Join our very own John Moorhouse, NatWest’s Digital Expert Ben Brown, and SAGE’s Paul Crosby, as they explain the ‘ins’ and ‘outs’ of digital tax.
Breakfast sandwiches, pastries and tea/coffee will be available on arrival.
Tickets are free, but you will need to register here.