Month: October 2024

Here are nine accounting software platforms designed for Making Tax Digital (MTD): Xero – A cloud-based accounting software that streamlines MTD compliance with its easy-to-use interface and real-time financial tracking. QuickBooks Online – This platform offers comprehensive tools for MTD, including automated tax calculations and seamless submission of VAT returns. Sage Business Cloud Accounting – Designed to help businesses stay compliant with MTD, it features robust reporting and VAT management tools. FreeAgent – Tailored for freelancers and small businesses, FreeAgent simplifies MTD filing with straightforward VAT reports and submission capabilities. Zoho Books – This accounting software includes features specifically for MTD, allowing users to manage their accounts and submit tax information efficiently. KashFlow – Aimed at small businesses, KashFlow provides essential tools for managing MTD requirements and ensures accurate reporting and submissions. Clear Books – An online accounting solution that supports MTD by allowing easy tracking of expenses and generating compliant VAT returns. GoCardless

The UK’s Making Tax Digital (MTD) initiative aims to revolutionize the country’s tax administration system by leveraging digital technology for greater efficiency and accessibility. Launched by HM Revenue and Customs…