Rawcliffe & Co has joined a small number of practices nationwide who are Beta testing Xero latest software release, Xero Tax.
Xero Cloud Accounting has received several prestigious awards and as of May 2019 had 1.82 million subscribers globally. In March 2019 Rawcliffe’s became a Xero Gold Partner as a result of ever more clients subscribing.
Xero intend to release Xero Tax; a cloud-based tax filing solution. This means Accountants will be able to file accounts directly to Companies house and HMRC through Xero. At this stage it is just focusing on accounts production and corporation tax filing for FRS 105 micro entities. In the future further betas for small companies, personal tax and partnership tax will follow.
Director, Ian Harrison said:
We were keen to join Xero’s beta test group for Xero Tax and are thrilled to have been accepted. Xero Tax is the next level in automated tax filing solutions so getting the chance to trial it first was a no-brainer.
Whilst MTD for VAT inexorably quickened the pace at which Accountants and businesses made the switch to cloud bookkeeping, Rawcliffe & Co identified back in 2014 that the future of Accounting was moving away from analogue and toward digital.
The adoption of cloud software in the Accountancy profession as well as HMRCs move to digital was inevitable. Embracing this early not only future-proofed out Practice and our clients’ finances but has meant we can be ahead of the curve in terms of implementation, training and supporting our clients to fully reap the benefits.
The role of Accountant has changed dramatically over the past five years. Our services now include advising clients on what Business Apps they should be using on their smart phones such as mileage trackers, workflow management, receipt capture tools- all designed to save hours of admin every week. The future of Accountancy is clearly in Digital and we intend to remain at the forefront.