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News & Updates

Helpful Tips and Updates

There’s always something new and interesting to learn in the dynamic field of accounting. Manage your finances correctly and minimize loss by reading about the latest industry developments. Don’t forget to check out my accounting tips and stay informed on the best practices for handling personal finance.

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Making Tax Digital is a key part of the government’s Tax Administration Strategy. It will help reduce the tax gap by requiring businesses and individuals to:

  • keep digital records

  • use software that works with Making Tax Digital

  • submit updates every quarter, bringing the tax system closer to real-time

The benefits of Making Tax Digital

Making Tax Digital supports HMRC’s plans to digitalise the tax system. It will:

  • make it easier for individuals and businesses to get their tax right

  • mean customers can integrate tax management with a range of business processes through software

  • contribute to wider productivity gains for businesses by encouraging digitalisation

It will help reduce the amount of tax lost to avoidable errors due to the:

  • improved accuracy of digital records

  • additional help built into many software products

  • digital records being sent directly to HMRC

News: News and Updates
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