How Technology is Changing The World of Accounting

By Gordie Smyth

The world is changing and with it the accounting world too. As usual, we at Danbro are ahead of the curve!

Gone are the days of sending a bag of invoices, receipts, statements and whatever else to your accountant at the end of the year and bracing yourself for your tax liability.

Businesses need quicker, smarter, real-time information in order to make well-informed decisions.

And with the announcement of HMRC’s Making Tax Digital initiative, which is expected to be fully rolled-out by 2020, there is a need more than ever for businesses to embrace the digital age.

FreeAgent: Real-time information at your fingertips…

That’s why we’ve partnered with FreeAgent and their award-winning online accounting solution.

Designed specifically for small businesses and freelancers, FreeAgent makes it simple to stay on top of your day-to-day bookkeeping. You can track your cash flow and other important financial aspects of your business via your mobile, in real-time.

FreeAgent recently floated on the London Stock Exchange and there are some interesting developments in the pipeline. One in particular, though simple, made my ears prick up: mobile or ‘push’ tax notifications. Picture glancing at your smartphone and seeing a reminder notification to pay the tax bill you’d forgotten about!

As your accountants, we’ll also have access which means that we can deliver more relevant advice on up-to-date figures.

We’re pleased to say that all our accountancy service plans now include access to an online FreeAgent account (worth £348 per annum).

Don’t forget our very own Danbro Accountancy App too!

As well as access to FreeAgent, our free app gives you all the latest finance news, as well as a sneak peak at our Danbro team, so you can put a face to the name of your personal accountant.

This technology means you have more time to focus on what’s important: building a profitable business! Keeping your business compliant just got a whole lot easier! Simple but brilliant.

For more info please call us on 0800 731 3178

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