Originally announced in March 2015 Budget by George Osborne, Making Tax Digital (MTD) is HMRC’s plan to modernise the tax system that will mark a fundamental change in the way that businesses interact with HMRC.
From 2019 interaction with HMRC will become increasingly digital, with businesses using Cloud accountancy software packages (apps) to record business activity.
Spreadsheets will no longer be the norm, instead software will link directly to your business bank account so that transitions are automatically captures 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 direct to your accounting app; updating records in seconds.
No more preparing sale invoices to be sent in the post, instead you can create and send them directly to your clients from your phone, and sales figures will be updated instant within the software.
Data is stored in the cloud and can be accessed by any computer / smartphone with internet access 24 hours a day – seven days a week.
Cloud based accounting packages
We are encouraging our clients to switch to cloud accountancy software now.
Our software specialist Anna Rowson-Smith will be with you every step of the way; offering impartial advice from the start; Anna will review your needs, your resources and offer a solution that is best for you.
Anna also provides three hours of FREE set-up and training to all our clients.
For further information, or to sign up today, email firstname.lastname@example.org or call 01244 343504.
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