Over the past few months I have been talking to Clients about Making Tax Digital, and the requirements that are coming into place for businesses to maintain digital records via accounting software or an app.
Whist at first this may seem like more expense and more red tape, converting to cloud based softwar...
Making tax digital “MTD” is HMRC’s initiative to digitalise the UK tax system, including how businesses and landlords maintain their records. MTD requires businesses and landlords to move to maintaining their accounting records too accounts software or an app.
This week I have received ‘sponsored’ e-mail newsletters telling me how the accounting industry is under threat, and if I want to sell my fee base to get out before the digital world becomes live. It annoys me how as an industry accountants are marketing, and being marketed at this way.