Making Tax Digital (MTD) requires a dramatic shift in how accountants and their clients process financial information – both mindset and operations need to change to make MTD work in an efficient, profitable way. It’s time to shake off the shackles of being chained to legacy systems in a time where digital taxation is innovating to keep pace with other industries revolutionised by tech.
In recent conversations with clients and prospects we constantly run into the same reasons that motivate firms to review their processes – even when they are managing a small number of clients. In our second White Paper focused on Practice Management Software, we describe the common challenges faced by partners and present best practice solutions to improving processes. Many firms still see a Practice Management solution as a “luxury” rather than a necessity for maximum return on investment.
Topics: Blog, Meet deadlines, Online account software, Centralised accounting, Cloud technology, Integrated Practice Management, Practice Management for small firms, Practice Management module, Whitepaper