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October 2019
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The Making Tax Digital opportunity


By: Nathan Bowden Date: 18 January 2019
Category: Article

With Making Tax Digital (MTD) just around the corner, it seems that one approach for some businesses is to just do what it takes to comply, in order to tick the box.

However, what if you were to shift your thinking and embrace the opportunity that MTD affords your business? Instead of just complying this is a chance to digitise your business and reap the benefits this could bring. Moving the financial administration of your business onto a cloud based system, such as Xero, could have a transformative effect.

Xero will not only reduce the time you need to spend on compliance but gives you the benefit of real-time information. The ability to report on your performance at any given time means you can make informed decisions that result in organic, sustainable growth.

The move to cloud then takes you beyond compliance and allows you to access countless opportunities:
  • Direct Debit schemes for your customers with GoCardless
  • Automated receipt processing with Receipt Bank
  • Credit Control with Chaser

And many more apps and add-ons to enhance your business. Couple all of this with the fact that you can share access with your accountants, meaning they can provide advice and guidance based on the same real-time information you have.

We have a number of cloud accounting specialists on hand to talk to you about your options, contact us now to find out more.
 
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