Making Tax Digital: External Effects

Type: Trend

The roll-out of Making Tax Digital has encouraged a lot of businesses to adopt cloud-based accounting software. The time and pain saving solution of these systems has become more apparent. Cloud based platforms means less paperwork, fewer mistakes and gives businesses a real-time view of cash flow. The new inflow of information will allow smaller businesses to get access to information that will help them to make decisions about growth and the direction of the business. This increase in demand will drive the next generation of online finance software and financial technologies. 

Effective date: Not applicable  

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