Embrace Cloud Accounting
7th Jun 2017
In little more than a year, April 2018, HMRC have disclosed that certain businesses (including property letting businesses) will need to upload quarterly accounts data to HMRC, and by 2020, all businesses will need to comply.
From 2020, most UK taxpayers should be able to access their tax account with HMRC, online. The so-called “Making Tax Digital” revolution will require businesses to keep their accounting data in an electronic format that will sync with HMRC’s online systems. Cloud accounting solutions, for example, Sage, Xero, Quick Books and others, provide the best solution for your data and the software is accessed via the internet.
GRC Accountants will be working with clients during the coming year to ensure they are supported, ready to comply with these changes, and also ready to take advantage of any opportunities that the digitalisation will provide.
Contact us today for further details and to register your interest, call Gareth on 0151 321 2340.