All VAT-registered businesses are now required to maintain their accounting records and submit VAT returns digitally using specific Making Tax Digital (MTD) approved software, with plans for this to be extended to cover Income Tax Self Assessment as early as 2026. It is therefore likely that the majority of self-employed individuals and landlords (as well as all businesses) are going to be affected by MTD at some point in the near future, if not already.
So if you’re not yet using MTD-approved bookkeeping software, we highly recommend that you start sooner rather than later. You’ll find that your accounting processes are much quicker, more efficient and accurate, and more cost-effective!
In this blog post we’re shining a spotlight on one of our MTD software partners – FreeAgent. Read on to find out more about this award-winning software and the benefits it could provide to your business.
What is FreeAgent and who can it help?
FreeAgent is the ultimate bookkeeping software for small businesses and sole traders. This award-winning accounting software is highly regarded for its comprehensive yet friendly design and ease of use, and it has been specifically developed with small business owners in mind. It allows you to maintain your accounting records online (including managing invoices, expenses and bills and filing tax returns) and it integrates with your bank feed. It can even forecast your tax liabilities! All of your records can be managed easily and conveniently ‘on the go’ via either the mobile app or the desktop site – giving you the ability to oversee your accounts whenever and wherever you are. It’s as simple as that!
FreeAgent’s overall capabilities enable you to streamline your entire accounting process and make it so much simpler, easier and quicker. Using MTD-approved bookkeeping software such as FreeAgent reduces the risk of human error and reduces the amount of time it takes for you to manage your business’s accounts. It’s a really effective investment that will not only save you time and resources, but will most likely save you money (and stress!) in the long run too.
If you’re a Mettle bank account holder, you could even grab yourself a FreeAgent licence for free! Talk to us to find out more.
We’re proud to be a FreeAgent Gold Partner and Mobile Practitioner
As part of our collaboration with FreeAgent, Warr & Co are proudly certified as a FreeAgent Mobile Practitioner and a FreeAgent Gold Partner. This means we have the knowledge, skills and expertise to ensure that you’re getting the very most out of your FreeAgent membership. Simply keep your bookkeeping records up to date and we’ll take care of the complex stuff!
If you’d like to find out more about us or about FreeAgent, take a look at our case study which showcases the way we’ve transformed a small business owner’s accounting using FreeAgent. You can also get an insight into how this award-winning software looks and works by watching our FreeAgent training webinar, run by one of our company partners Peter Edwards, or you’ll find plenty more FreeAgent guides, support and tutorials via our website.
Ready to get signed up? Get in touch with our accountancy team who will start the ball rolling for you. Free trials and discounted licences are occasionally available, so be sure to ask us about those too!