As bookkeepers and accountants brace themselves for another busy tax season, Taxfiler is launching integrations for KashFlow and Xero online accounting software to streamline the submission process.
The new integrations enable accountants to efficiently move information into one system, enabling submissions (tax returns, accounts and VAT returns) to be completed from a single compliance solution. Efficiency has never been so important in the industry, as professionals prepare for the changes required within the new Making Tax Digital (MTD) for VAT regime coming into force in April 2019.
James Reeves, director of Taxfiler says: “Digital record management and sharing is absolutely key for MTD. Every efficiency gain made helps drive productivity and streamlines the process for accountancy professionals. The new integrations are another step to ensuring core compliance can be done correctly, and help firms succeed on the MTD journey.”
Monthly subscription service
Taxfiler has rapidly established itself as a cloud-based monthly subscription service for agents and accountants to submit statutory accounts and tax returns for companies, partnerships, individuals and trusts.
Alongside QuickBooksOnline, trial balances from KashFlow and Xero are imported into Taxfiler Accounts Production. This is done by opening a client, selecting the Trial balance screen, choosing the relevant cloud bookkeeping option and entering user credentials.
Taxfiler says it will be announcing further integrations in the near future.