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Making Tax Digital has changed how UK businesses record and submit tax information. Choosing the right MTD software is important, especially for small businesses that want accuracy, compliance and efficiency without adding unnecessary complexity to day-to-day bookkeeping.
HMRC compliance and MTD compatibility
At a minimum, the software must be fully compatible with HMRC systems and meet current MTD requirements. This includes secure API connections, correct digital record keeping and the ability to submit VAT returns directly without manual workarounds. Here, you can read more about MTD compliance.
Ease of use and automation
Clear dashboards, simple navigation and automated processes can save significant time. Features such as bank feeds, automatic transaction categorisation and real-time error alerts help reduce mistakes and make everyday accounting more manageable. This improves visibility, confidence and decision-making across finance tasks for owners and teams managing multiple obligations.
Reporting and accountant access
Good MTD software should offer clear reports that are easy to share with your adviser. Many businesses working with Stroud accountants benefit from platforms that allow accountant logins and exportable reports.
Security, backups and scalability
Security is essential when handling financial data. Look for encryption, regular backups and clear user permissions. It’s also sensible to choose software that can scale as your business grows, supporting additional users, higher volumes and future tax obligations.
Support and updates
Reliable support and regular updates help ensure long-term compliance. Responsive customer service, clear guidance and ongoing updates reduce risk and keep the software aligned with HMRC changes, which is particularly valuable for businesses advised by Stroud accountants.
