Making Tax Digital is coming into force from April 2019 for those businesses above the VAT threshold and VAT registered.  There is a lot of work being done by all the software houses to ensure that their software will be compatible with MTD requirements.

One of the software companies, Quickbooks, have recently advised that Lloyds business current account customers can now get direct bank feeds into their QuickBooks account. This will help your clients save time, improve accuracy and be able to work confidently with up-to-date figures. With direct bank feeds they can:

• Get more accurate insights
• Say goodbye to missing transactions and duplicates
• Save time with automatic connection

Lloyds business current account customers can start enjoying the benefits of direct bank feeds today.

There are of course lots of other software houses and software packages that will also offer bank feeds.

Never let it be said that we are biased towards one software company!!