HM REVENUE & Customs (HMRC) and the software industry are producing a range of simple mobile phone apps to aid small businesses with their record-keeping.
HMRC worked with BASDA and independent developers to facilitate the development of the apps.
Mostly free, the apps complement existing HMRC record-keeping guidance and tools, and aim to help small businesses and the self-employed who are below the annual VAT registration threshold (£77,000) maintain good records and estimate what their tax liability might be.
"You no longer need to rummage through piles of your receipts to get a full picture of your business as Sage Record Keeper allows you to record and search for cash records in seconds," explains Nicole Anderson, business development director at Sage UK, whose teams have been working closely with HMRC.
"We believe that Sage Record Keeper's simple means of managing such information via your mobile phone will be a huge benefit to busy entrepreneurs."
Exchequer secretary, David Gauke, said: "These apps help take forward our commitment to tax transparency in a very direct and practical way. They can help SMEs feel more confident about their record-keeping and provide a direct link to the business's finances, freeing up time which can be better spent on the day-to-day running of the business."
Sign up for Financial Director email alerts
Please enter your email below to receive your profile link
Search by job title, salary, or location - we only list senior financial roles
8.30am, 26 Jun 2014
Targeted at FDs and CFOs, the FD Conference 2014 provides a platform in which to learn from outstanding keynotes and network with like-minded peers
1830, 12 Mar 2013
Now in their second year, these prestigious awards recognise those in finance that have demonstrated success and innovation over the last 12 months. Entries are now open!
Send to a friend