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Coming to terms with Making Tax Digital at this year’s QuickBooks Connect

Source: www.techradar.com - Thursday, February 28, 2019
The UK government's plan to digitize VAT through its Making Tax Digital (MTD) initiative will go into effect this April. The plan, which was first announced during Budget 2015, will transform the way businesses and consumers pay tax with the aim of achieving a fully digitalized online tax system. In the same way that businesses first struggled to comply with GDPR , many organisations are having trouble fully understanding their duties and responsibilities under MTD. At this year's QuickBooks Connect event in London , the company's Head of Product, Shaun Shirazian will provide an overview of MTD and discuss the latest innovations to help save businesses owners time when transitioning to the new system. TechRadar Pro spoke with him to better understand MTD and how it will affect small businesses in the UK. Xero - it’s time for accountancy to break out of the dark ages 2019: When Bladerunner collides with business Getting to the how of digital transformation Image Credit: Shutterstock Image Credit: Creative Commons We've also highlighted the best accounting software

Source: Breaking News

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