whats the best software for a small business

Sage has spent plenty of time developing its software to be fully MTD-compliant with all of the tools needed for quick and efficient tax and accounts processing.ĭue to its size, Sage is able to offer packages to suit all kinds of users and, even more usefully, it often runs deals and special offers in a bid to persuade you to use its cloud-based solutions. Sage Accounting is just one part of many products from this software developer, aimed at everyone from freelancers through to small businesses and larger companies too. Read on to find out just what MTD is and why you need to be conscious of it when filing tax returns (opens in new tab). This will enable you to stay on top of your tax affairs in the most efficient way possible.

In order to keep up with the changing tax landscape in the UK it’s therefore a good idea to invest in the latest HMRC-approved finance software (opens in new tab). However, our best MTD software guide takes you straight to some of the best. In fact, HMRC has a long list of approved packages on its website.

Many tax and accounting software (opens in new tab) packages have been altered to take Making Tax Digital into consideration. While individuals and businesses have slightly differing needs, the end result is basically the same using MTD for handling tax, tax returns (opens in new tab) and VAT too. The overall objective is to make it easier to calculate tax correctly and allow greater self-management of financial affairs. Making Tax Digital forms part of the government’s vision for simplifying the tax affairs of individuals and businesses in the UK.

Whats the best software for a small business