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HMRC Headaches: Going Digital & Staying Compliant
Manage episode 421255002 series 3551533
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In this timely 15-minute episode of FFS! Fast Finance Sorted, hosts Martin, Beth, and Hilary express their frustrations with HMRC's shift towards digital-only services, highlighting the challenges of navigating online customer service when you just need to speak to a human. They delve into the upcoming changes to Making Tax Digital, explaining the imminent requirement for all taxes to be managed digitally.
LinkedIn Legend Gemma Connell's question about transitioning from Excel spreadsheets to Making Tax Digital kicks off a discussion on the best software options for managing finances and staying compliant with new regulations.
To wrap up, the hosts draw inspiration from the film "The Accountant," discussing the creative ways authorities used tax records to bring down infamous criminal Al Capone and the importance of meticulous financial management.
Episode 23 offers a blend of practical advice, tech insights, and engaging storytelling, guiding listeners through the digital tax transition with ease. Tune in for a fast-paced discussion on staying ahead in the digital tax era!
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