Making Tax Digital (MTD) is now on the scene. Therefore, any of my clients that are VAT registered need to maintain their company’s records on a digital system.
With the new MTD rules in place, there is a growing number of digital systems out there. However, the more established ones are FreeAgent, Sage, Xero, and Quickbooks. In fact, when you look for an accountant they should be familiar with how these online services work.
Please note, FreeAgent is suitable for small businesses. Therefore, this includes contractors and freelancers and this works well for all of my clients.
Furthermore, Xero is suitable for more significant concerns.