7th July 2017
Do you know the big challenger to both Sage and Xero? It’s something called Paper.
Over 1 million businesses, about a quarter of all, use this method for their ‘accounting’. By paper I don’t mean Excel, I mean the real thing.
With half using Excel that leaves only about 30% using proper accounting software. So HMRC’s Making Tax Digital, starting in 2018 up to 2021, is in for a challenge, or perhaps it’s the business owner with the problem as MTD is hardly optional.
So should small businesses use accounting software?
READ MORE