Making Tax Digital (MTD) is now on the scene. Therefore, any of our 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. When you are looking for a firm of Contractor Accountants they should be familiar with how these online services work.
FreeAgent is suitable for small business, and this includes contractors and works well for all of our clients.
Xero is suitable for more significant concerns.