Top Accounting Tech Predictions For 2019 | Global Banking & Finance Review
2019 is Bladerunner year; the setting for the original Ridley Scott movie in which Deckard, assassin-for-hire played by Harrison Ford, hunts androids, drives flying cars and skypes his synthetic girlfriend. A freelancer in lucrative demand from the mysterious Tyrell Corporation, Deckard never does his taxes, despite the advanced technology evident in the film. But as we approach 2019 for real, what technology can accountants expect?
As part of the UK’s drive towards a digital Britain, businesses above the £80k VAT threshold will need to file their tax through HMRC cloud platforms. This will mean fewer accounting errors, and more time for accountants to advise clients. Highlighting the need for change, Xero’s research found 1 in 5 accountants still use paper ledgers, and in November of this year, 1 in 4 small business owners hadn’t even heard of Making Tax Digital.