Making Tax Digital – A Smartphone Perspective
How you can unleash the power of your smartphone – and help make your tax less taxing
The smartphone has become a singularly defining consumer device insofar as it has become a must-have accessory. In some respects, the word accessory doesn’t even equate to the power of engagement that people discern from their smart handsets. The existential dilemma faced by the loss of a handset illustrates the power the devices have upon our lives. However, this power can be leveraged in regard to small business owners and their tax affairs.
What are the top three apps for tax digitisation?
There are tens of thousands of financial applications available from the myriad of app stores. However, the top three apps for business owners wanting to digitise their tax affairs are as follows:
- The Prestige Business Management App – Available from both the Apple App store and Google Play store
- QuickBooks for Mobile
- Official HMRC “App”
These three apps can help transform your digital tax journey. We know that HMRC are talking-up tax digitisation. However, once doesn’t have to wait for the Chancellor of the Exchequer to go digital. By using your smartphone for more business-related endeavours, one can help improve their own business tax affairs.
What do I need to do?
Simple. Click on your app store – be it Google or Apple – and download the Prestige Business Management app. This is the ultimate resource for small business owners. It has a range of functions designed to help improve the tax management processes of running a small and successful business. You should utilise the receipt management tool and mileage tracker. However, you should really explore QuickBooks, a functional and utilitarian financial software package that is designed for real people, not bean counters!
QuickBooks is your one-stop-shop for your business tax affairs. By downloading and subscribing to QuickBooks, you can help digitise your entire business accounts and tax affairs. The packages are designed, and priced, with different business entities in mind. However, you should discuss with your accountant about setting up the software. The team at Prestige Business Management can help install, subscribe and manage your QuickBook endeavours.
The HMRC app is a useful news resource and you can link your personal tax account to the application. Furthermore, you can access latest news and developments in relation to tax and finance. The app has a range of calculators that can help. These three financial and tax apps should be on every serious business owners’ handset.
If you are looking for an accountancy service with a disruptive digital edge, why not get in contact with Prestige Business Management today? Our qualified staff can help you navigate the pitfalls of tax digitisation and we can help setup your free Prestige Business Management app and we can advise you on the best QuickBooks subscription for your specific needs. Call us today on 0203 773 2927 for more information.