Accountancy Software Support & Bookkeeping Services

FREQUENTLY ASKED QUESTIONS

Accounting Software Support and Bookkeeping services need the very human qualities of empathy, understanding, intuition and friendliness. The aim of Making Accounts Easy is to help you document accurately all your business’s financial transactions with the intention of maximising profit.
Data crunching and analysis have been revolutionised by technology and AI machine learning. Efficiency and accuracy are its hallmarks – although the data is only as reliable as the person putting it in. An algorithm can’t provide reassurance, training and support.
I aim to get to know my clients and understand your individual strengths and weaknesses. I will tailor your software to include what you need for your business. I will pick up on nuances, read between the lines and know instinctively when to advise you. The best working relationships are built on the human qualities of respect, trust and a commitment to shared aims and attainment.
We all need to fully embrace the technology, which is continually transforming the way we process our business finances, but when it comes down to it, we know nothing can replace the loyalty built up by a good business relationship.

In April 2026 it will be compulsory to send your quarterly accounting records to HMRC through a digital software system.
Cloud accounting software and apps can make the bookkeeping journey more efficient for both client and bookkeeper, we use all types of accounting software, including QuickBooks, Sage, Xero, and Free Agent, to record and process business transactions.
Bookkeeping software for small businesses can now store documents and receipts online, scan files from a mobile phone, securely connect to and sync with bank accounts, pays bills and simplify VAT returns. It saves hours of time which can be used far more productively to grow your own business.

MTD (Making Tax Digital) is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.
In April 2019 the Government brought in MTD for VAT, when all businesses with an annual turnover of over £85k had to submit their VAT return on a monthly or quarterly basis through an electronic system directly to HMRC. From April 2024 the threshold has increased to £90k.
The next stage in the roll-out of MTD is for Income Tax Self Assessment (ITSA). Using MTD will be compulsory from 6 April 2026 for unincorporated businesses (including sole traders) with a total business income and property income above £50k and from 6 April 2027 above £30k. Landlords who do not run a business but have property income above £10k will also have to submit a quarterly return through a digital software. So, time is running out, please get in touch soon.

31 March 2024 or 5 April 2024 will have been your Sole Trader or Partnership last financial year end. The Government has made it compulsory to move all business year ends for businesses that are not incorporated (Ltd), to be in line with the financial year end of 5 April (31 March is to be treated the same as 5 April as a financial year end).
If your business’s year end was not in line with the financial year end, your Accountant will be submitting accounts to HMRC up to 31 March or 5 April from 2024. Overlap relief is being applied on the profits from your previous year end to 2022/23 year and split over the next 5 years to lessen the tax due on the extended year.

As each client will have different needs/require different services, after an initial free 30 minute consultation, I will send a proposal with projected costs on a case by case basis. CLICK HERE to arrange a free consultation.