Having the right software in place at the right time is key to Making Tax Digital (MTD) success – for both accountants and clients. After all, more frequent return submission means more information to process and a more significant workload, and the right technology helps keep processes efficient, profitable and secure.
Welcome to the first article in our new series – answers to questions accountants often ask us about Making Tax Digital (MTD). This first FAQ is one of the most common, especially given that VAT is going digital starting in April 2019.
From all the industry discussion and HMRC guidance, we know that MTD needs to be a collaboration between accountants and companies. After all, accountants are reliant on regular data from clients, and there needs to be ongoing communication to comply with more frequent submission requirements.
Technology has completely revolutionised the way we look at things now. And one industry that has changed 360-degrees is the accounting industry. It all started with software coming into the scene of professional accounting and then came the cloud. With the advent of the cloud, the way accounting was done previously has been completely revolutionised. With opportunities also come problems. Here are the biggest mistakes to avoid when you are using a cloud bookkeeping software.
The modern day change
In the modern era, a Practice Management infrastructure allows firms (of any size) to deliver higher value services to their clients at lower cost. The resulting factor creates sustained profitability, reduced risk, empowered accountants, as well as improved client engagement.
This is an era of earning fast money where every business owner is seeking to give more personal interest in their businesses in and out of money. So to avoid the stage of financial crisis and to overcome any such critical situation in near future, they need a reliable and easy to understand Online accounting software that can be managed by any business owner even remotely. So Capium Limited successfully brings you such an application using which you can operate your business remotely. Also it minimizes the requirement of an accountant or bookkeeper.
Capium is pleased to announce the release of its new website, designed with a fresh new look and user-friendly navigation, updated with the latest information about our products and services.
The term “Online Accounting” itself is a self-explanatory term which means making your accounting related transactions and invoices online rather than on desktop or rarely used system in your books. Today in this era of super computers, even if you are using a desktop application for your accounting related tasks then, I’m sorry to say you are lacking miles behind the other business professionals who are using Online Accounting software with best of security to their data and 24X7 availability to their latest transactions online.