Sponsored content: MTD will means more frequent submissions, more detailed digital records, and the need for exceptional accuracy. Here’s how Plustek can make MTD compliance not only manageable but effortless.
With Making Tax Digital (MTD) evolving beyond VAT alone, UK bookkeepers now face additional compliance requirements. By 2026, clients earning over £50,000 will need to follow MTD for Income Tax Self-Assessment, with the threshold dropping to £30,000 by 2027. This means more frequent submissions, more detailed digital records, and the need for exceptional accuracy. Plustekunderstandthe challengesbookkeepers face. Here’s how Plustek can make MTD compliance not only manageable but effortless.
Send & Receive Your Receipt & Invoice Anywhere
Plustek’s mobile-friendly solution makes digital record-keeping simple and convenient, designed to work wherever your clients are. Picture a system that lets clients scan and send invoices or receipts in seconds, whether they’re in the office or on the go. This flexibility not only reduces the risk of misplaced paperwork but also removes the need for clients to change their routines.
With our solution, every document—from receipts to invoices—goes straight into your digital filing system, ready for easy retrieval when needed. By automatically categorising and storing these documents, Plustek keeps everything neatly organised, so you’re always prepared for VAT submissions or financial reviews. No more chasing down files or requiring clients to change their habits, everything stays automated and seamlessly organised.
Flexible Invoice Collection, Sorted and Filed
No matter how clients send their documents, Plustek’s solutions ensure everything is categorised and saved directly in your bookkeeping space. This flexible approach accommodates emails, mobile uploads, traditional scans, and even scheduled, automatic pulls from platforms like Amazon. Each document lands where you need it, neatly organised, reducing the back-and-forth with clients or sorting through scattered files.
The benefits are significant: automated solutions save bookkeepers an average of 30% in time spent on invoice management, according to the Federation of Small Businesses. During peak periods, when time is precious, having documents at your fingertips—accurate, accessible, and ready for VAT submissions—makes compliance much easier to manage.
No more tedious file renaming or re-sorting
Automation with Plustek goes beyond document collection by eliminating repetitive tasks like file saving, renaming, and sorting, keeping everything neatly organised. With Plustek’s solution, bookkeepers can save up to 10 hours per month, reducing admin time and freeing them up for client-focused work. Staying MTD-ready becomes effortless, with all documents consistently labelled, securely stored, and accessible as needed. It’s like having a digital assistant ensuring your records are always up-to-date and compliant.
Stay Confidently MTD Compliant
Plustek’s solution helps bookkeepers stay aligned with MTD requirements without the extra stress. Every invoice and receipt is automatically captured, stored, and prepared for VAT submissions, eliminating last-minute checks or the hassle of chasing down missing documents. According to HMRC, bookkeepers using automation experience up to 70% fewer errors in tax filings, significantly reducing the risk of penalties for clients.
Imagine a workflow where every VAT submission is smooth, accurate, and easy to manage. With Plustek, you can finally trade last-minute stress for peace of mind—knowing your records are always ready.
Embrace the future of bookkeeping with Plustek’s innovative solutions designed to simplify MTD compliance. Our technology is here to support you, keeping your processes seamless and your records compliant. Reach out to Plustek today and experience the difference!
Plustek are supporting the bookkeeping community at the ICB Bookkeepers Summit on Monday 11 November 2024.
