As the UK Government readies for the move to Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) in two years, MyWorkpapers is calling on firms to get ahead of the curve with the transition to paperless personal tax management.
This ground-breaking platform not only aligns with the Government’s digital agenda but also addresses the pressing environmental issue associated with paper tax returns and eases the annual chaos of tax return season.
“With the MTD for ITSA transition looming, we’re delighted to provide a solution that gets accountancy firms and their clients ahead of the curve,” says Rich Neal, CEO of MyWorkpapers. “Our platform offers a streamlined, digital-first approach to personal tax management that is fully equipped to meet the MTD for ITSA requirements.”
Going paperless with MyWorkpapers is not just a digital upgrade; it’s an environmental commitment. The tax season typically sees over 135,000 paper tax returns, contributing to significant waste and carbon footprint.
“Digitalising the personal tax process through MyWorkpapers is a sustainable choice that firms can make today to be environmental stewards for tomorrow,” adds Rich.
The paper Self-Assessment tax return deadline of 31 October often marks the beginning of a frenzied tax season that culminates on 31 January of the following year. MyWorkpapers is designed to simplify this mayhem.
“Our platform optimises workflow, automates tedious tasks, and generally makes the Self-Assessment process more efficient and less stressful for accountants and their clients alike,” explains Rich.
MyWorkpapers is a proven cloud-based platform that brings innovation and efficiency to accountancy firms worldwide, who rely on its paperless personal tax system to enhance and streamline their workflows.
It is committed to supporting the accountancy sector as it navigates the ever-changing landscape of tax laws, regulations, client expectations and ESG requirements.
To find out more about our personal tax content, please book a demo.