Cloud technology is driving a revolution in every area of business, and accountancy and bookkeeping are no exception. A wide range of cloud based bookkeeping packages are already available and the influence of cloud technology is likely to grow rather diminish.
In the March 2015 budget the Chancellor announced a major new initiative by HMRC to introduce quarterly tax reporting for all business which has become known as ‘Making Tax Digital’. HMRC have made no secret of the fact that they are looking in the main to cloud accounting package providers to deliver the functionality required for businesses to comply. It is almost certain that over the next few years the use of cloud bookkeeping and accountancy applications will become virtually mandatory for anyone running a business in the UK.
At DP Associates we are determined to put ourselves at the forefront of technological advances and we are already fully certified to advise concerning the market leading packages in this area.
If you are worried about what ‘Making Tax Digital’ means for you, please take up our offer of a free consultation.