Businesses urged to explore cloud accounting solutions

With all VAT-registered businesses that have turnover above the UK’s VAT threshold of £85,000 expected to be compliant with Making Tax Digital (MTD) from April 2019, businesses are increasingly being urged to consider the importance of online accounting solutions such as MT Cloud.

MTD poses huge changes to Britain’s tax system between now and 2020 and it is important that businesses get to grips with managing their tax and financial information online today, before the regime requires them to begin using MTD-approved software to start sending quarterly reports to HM Revenue & Customs (HMRC) for VAT purposes next year.

Once MTD for VAT is phased in next April, it is thought that HMRC will set out to phase in MTD for other taxes shortly afterwards – meaning that all kinds of businesses will be affected.

Fortunately, Moore Thompson’s innovative cloud accounting solution, MT Cloud, is here to help.

MT Cloud combines professional cloud accounting software options with the help and support of experienced Chartered Accountants – ensuring that newcomers to online accounting are backed up by the experts every step of the way.

The system enables users to collaborate in real-time with their colleagues and our trusted advisors – and can also be completely integrated with existing major accounting software packages such as Quickbooks Online, Xero, Sage Accounting and Receipt Bank.

This means that our cloud accounting solution is equally well-suited to businesses that have already begun managing their financial information online.

With MT Cloud, your finances are secure, manageable, and accessible at any time no matter where you are in the world. What’s more, you can benefit from 24/7 customer support and rest assured that all of your invoices, bank statements, VAT receipts payroll and more are all carefully organised in one safe location.

To find out more about MT Cloud, please get in touch with Moore Thompson today.