Intuit announces MTD bridging software for QuickBooks Online
Making Tax Digital, or simply MTD, is an initiative of HMRC in U.K. It aims to make the tax system in the country more efficient, effective, and easier for the taxpayers. MTD becomes effective from April 1, 2019. Quickbooks support has been quick to respond to this initiative. At its annual conference called Quickbooks Connect, the company told the gathered audience how the company has made Quickbooks compliant with MTD. Speakers at the conference spoke at length to reassure individuals and accountants that it is now easy for them to adopt MTD. Quickbooks suite designed for MTD has already been made available for small business owners, accountants, and individuals. It contains tools that make it possible to make a business MTD compliant. Businesses will now be able to file their VAT with the help of spreadsheets. There are many new tools in MTD compliant Quickbooks suite. One of these is Smart Check, software that spots common mistakes that have been made in filing VAT retur...