Making Tax Digital... it's easy with LEES

Making Tax Digital and Cloud Accounting

From 2018, the exciting new HMRC process known as Making Tax Digital (MTD) will come into effect and LEES can't wait!

The major legislative difference is that many individuals and businesses will have to make quarterly updates to HMRC online, rather than once a year in an annual tax return.

But, whilst that seems like extra work, it also provides the excuse to upgrade outdated accounts packages to real-time solutions that help people keep track of their finances.

LEES love this process. Having been a paperless practice for many years with systems based in the cloud ourselves we know the benefits of having information to hand, anytime, anywhere and we have been extolling the virtues of cloud based accounting systems to our clients.

Where clients have straight forward accounting requirements then there are some extra bonuses that come with cloud accounting, such as creating and sending invoices directly from mobile phones and automatically chasing overdue money etc.

Software such as Kashflow, Sage, Quickbooks and Xero for example synchronize seemlessly with LEES support and before you know it you have your usual LEES specialist acting as your in-house accountant and able to give you and your business real-time assistance when you take important decisions or just want to chat something through. 

But we also work with other IT partners and clients to create bespoke digital systems that make the most of clients' data. Boosting clients own customer relationships and marketing through social media etc.

That's the best part for LEES. We love being close to our clients and helping them succeed.

So what do SMEs need to know to be prepared for the changes? Easy, contact LEES.

Log in LEES Cloud Accounting here.