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What the 2023 Autumn Statement Means for Making Tax Digital

Xero

Self-employed people and landlords earning above £50,000 annually will still be mandated to join MTD for ITSA in April 2026, with those earning above £30,000 to follow in 2027. Looking ahead Following the announcement, regulations will be laid out in February 2024 – bringing us one step closer to the MTD for ITSA rollout in 2026.

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Stay Tax-Savvy: Regional Invoicing Rules Explained

Invoicera

Adherence will remove several complexities that will add choke points to your financial systems. In contrast, consistent and compliant invoicing practices help maintain orderly financial records and simplify your accounting processes and financial management.

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How Accounting Automation Can Save Your Business Time and Money

Nanonets

This could explain the high growth of the accounting software industry, estimated to reach $12 billion by 2026. Incorrect data entries and data omissions can lead to inaccurate financial records. Lack of security Manual accounting processes typically involve maintaining physical records.

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What is document workflow automation?

Nanonets

Integration with ERP Systems: The automated document workflow system integrates with the organization's Enterprise Resource Planning (ERP) system, allowing for seamless data transfer and updating of financial records. Projections indicate that by 2026, this market is expected to reach a value of $19.6