From the start of April, any business whose turnover is above the threshold for VAT registration has a new set of rules to comply with, falling under the banner of ‘Making Tax Digital‘ (MTD). VAT records must now be maintained ‘digitally’ (which in this context means ‘in computer software’ rather than paper records), and returns must be submitted online by suitable software, rather than manually logging in and keying in the figures, or posting off a paper return. There is a growing list of software available that can be used…
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Prophet reveals its own future
A portent of coming… increased functionality! A new version of Prophet is now available. The software is a comprehensive business accounts package, with features that compare well to those found on much more expensive accounts packages on other platforms. It was originally written by Quentin Pain and sold through Apricote Studios (now Accountz), and as of earlier this year it is being looked after by Rob Sprowson and sold through Elesar Ltd.
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