Why Capium’s MTD software is a smart choice for accountants

Making Tax Digital (MTD), the government’s initiative to digitalise the UK tax system, is transforming the way accountants and their clients manage tax compliance.

It’s no secret that the roll-out of MTD, with its changing dates and requirements, has been viewed as a headache by some in the industry. But one of the biggest advantages to MTD’s introduction is how much simpler the tax submission process becomes with software.

Capium’s MTD software integrates real-time tax data, which makes it easy for you to monitor client VAT obligations, view bills, and file returns easily. You can submit returns directly and securely from within the software without having to add data manually, as well as access detailed reports that help spotlight issues ahead of time, and set automatic reminders connected to deadlines.

MTD software may streamline VAT submissions, but it also makes things more efficient overall – by leaning on automation to complete the repetitive, manual tasks that go hand in hand with tax reporting.
One of the things that makes this automation so effective is that MTD software doesn’t just work in isolation – it should form part of a fully integrated accounting ecosystem.

With Capium, that means that, if you’re already using bookkeeping or tax modules, MTD for VAT becomes a natural extension of your existing workflow. And, if you’re using other software, our bridging solution (mentioned above) can help smooth the transition to MTD compliance, without overhauling your entire system.

Improved client collaboration
Finally, helping clients transition to MTD can be a challenge – especially those who (like traditional accountants) aren’t familiar or used to keeping records digitally. Which is why it’s important to make sure that whichever MTD software you select has a user-friendly interface – designed to make it easy for businesses to upload and manage their information, rather than create further barriers.
To make sure Capium’s MTD software works for you, and understand how it simplifies, rather than complicates, compliance, we’d love to invite you to sign up for a free trial.