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.