This month we are focusing on: Accounting Software
And this week are looking at: Why is software legal?
To assist with important decision making within a business you need to have up to date and accessible software to record your financial transactions. This is not only to assist you in running your business efficiently and effectively but soon to be a HMRC requirement to submit figures quarterly directly from approved software.
Making Tax Digital (MTD) is an HMRC initiative designed to make sure the UK tax system is effective, efficient and easier for taxpayers. Making Tax Digital for business begins on 1 April 2019 with MTD for VAT and planned for all businesses from 2020.