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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. HMRC is working with software developers to make sure functionality exists to support these clients.

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A Beginner’s Guide to APIs for Finance Pros 

AvidXchange

In accounts payable (AP) automation , an API plugs into different software programs, unlocks the data and turns on the communications between them so they can connect and share information and functionality. Leading AP software providers often integrate with up to 30 or more accounting software programs.

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Making Tax Digital for ITSA has been delayed, but we’re ready to support you

Xero

Those earning income over £30,000 will come into MTD from April 2027. This means sending quarterly updates to HMRC via MTD-compatible software, as well as an End of Period Statement (EOPS) and a Final Declaration once a year. . Apr 2027: MTD for ITSA -businesses, self-employed individuals, and landlords with income over £30,000.

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What is financial data extraction?

Nanonets

billion by 2027, growing at a CAGR of 11.8% from 2020 to 2027. Automated financial data extraction can streamline how businesses to extract data from multiple sources, classify documents, validate data accuracy, and integrate the extracted information into their decision-making and existing accounting systems.

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Proforma Invoice Vs Commercial Invoice – The Terminological Difference!

Invoicera

The market share of online invoices is 20.4%, and it is expected to grow by 80% in 2027. Invoicera is one of the widely used online invoicing software and helps you easily create, send, and manage invoices and proforma invoices. The cloud-based online accounting software lets you easily manage invoices and cash flow.

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What is Intelligent Document Processing?

Nanonets

million by 2027, with a compound annual growth rate (CAGR) of 35.4% from 2021 to 2027. API Integration : Nanonets provides an API that allows users to integrate the IDP solution with other tools and systems, such as accounting software, enterprise resource planning (ERP) systems, and customer relationship management (CRM) platforms.

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Paperless Invoicing: Is It Better Than Paper Invoice?

Invoicera

Online invoices say the market for electronic invoices is estimated to surpass $25 million by 2027. Invoicera, a leading paperless invoicing software, facilitates seamless transitions with user-friendly interfaces and robust features. It is cost-effective, saving on paper, printing, and postage.