Sage wants to help UK small businesses deal with changing tax rules

1 week ago

Hot connected nan heels of nan UK’s latest fund announcement nether nan caller Labour leadership, accounting elephantine Sage has launched a free instrumentality to thief customers get to grips pinch nan changes.

Sage Accounting Individual Free has been made disposable to thief sole traders and landlords hole for upcoming integer taxation regulations that they will person to comply pinch from 2026.

The upcoming Making Tax Digital for Income Tax authorities will impact astir 2.8 cardinal sole traders and landlords earning much than £20,000 crossed nan nation.

Sage prepares for upcoming MTD legislation

With nan description of nan government’s integer taxation authorities to much types of workers, integer grounds keeping will beryllium mandated. Sage’s solution targets those who presently trust connected paper-based search pinch an easy-to-use strategy that’s disposable connected nan web and mobile.

Neal Watkins, EVP for Small Business astatine Sage, indicated that galore existing devices tin beryllium time-consuming, affecting mini businesses’ abilities to attraction connected generating income. He added: “Our extremity is to thief mini businesses and sole traders thrive by providing them pinch nan devices and proposal to win and make it easier for nan smallest businesses to subordinate nan integer economy.”

Sage’s MTD solution allows users to capture, categorize and shape incoming and outgoing money for free, but they tin besides take to upgrade to much broad systems for much precocious financial monitoring.

Exchequer Secretary to nan Treasury James Murray said that MTD systems thief to trim errors, frankincense making nan taxation strategy much efficient. Murray added: “It is awesome to spot manufacture leaders moving pinch america to modernise nan taxation strategy by delivering free package for tens of thousands of UK businesses.”

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The institution has committed to making this free strategy a reality for sole traders and landlords up and down nan UK, but nary motorboat day has been provided yet.