HMRC wants you to be software savvy
Although Lewis Smith & Co. supports a variety of accountancy software products (PC and Cloud-based) we understand many of you are perfectly happy using spreadsheets to do your accounts with.
The taxman, however, isn’t so keen.
HMRC has published a paper called “Making Tax Digital” (PDF download), which sets out its vision for the future. This very clearly states:
“…businesses will be required to use digital tools, such as software or apps, to keep records of their income and expenditure. HMRC will ensure that free apps and software products are available, but many businesses and their advisers will choose to use commercially-available tax software packages.”
If you want to keep using MS Excel then you can do so, but you you might need to let us submit the final results.
Or you could get software savvy.
Lewis Smith & Co. recommends the web-based accounting tool Kashflow for its small business clients. Kashflow provides everything you need to manage your accounts – if you want more bells and whistles then we are a partner for both Xero and Sage.
We can help you get started on Kashflow and manage the transition from your beloved spreadsheets. To get started just get in contact today and book an appointment.
Lewis Smith & Co. – Dudley accountants for 30 years