Skip to main content FreeAgent study highlights accountants’ key concerns for MTD after 1st April
We recently completed a study that unveiled some key concerns shared by accountants and bookkeepers around Making Tax Digital (MTD).
A few weeks ago we held a webinar with the ACCA covering some last-minute tips for accountants on MTD for VAT. During the broadcast, over 300 accountants were asked whether they saw bridging software as a temporary or long-term solution to MTD. Over half the accountants said they thought that bridging software was only a temporary solution, with less than 30% seeing it as a long-term solution to MTD and 20% having no intention of using bridging software at all.
During the webinar, accountants were also asked what they thought would be the biggest MTD challenge after 1st April. Perhaps unsurprisingly, 30% of the accountants who responded felt that client education would be the hardest challenge to overcome.
The general feeling was that there may be issues in the future around making sure clients understand:
- the need for accounting software
- how to use the various accounting software packages
- the requirements of HMRC and MTD
In order to help you and your practice with the challenges surrounding client communication, we have an MTD Express pack with resources to help you get your clients ready for MTD!
You can also find help with getting clients trained up on using FreeAgent in our ‘Onboarding your clients’ guide.