The UK accounting industry is undergoing a major transition - driven by an initiative from the UK government known as Making Tax Digital (MTD).

The aim is for everybody to have one digital tax account related to their business affairs. The resulting factor of MTD could mean 4 times the amount of work for the accountant, as it requires updating the digital account at least quarterly, instead of the current annual process. The work is about to quadruple overnight for an accountant for the same amount of clients. How will they maintain their current profit margins?

There are over 70,000 accountants in practice in the UK alone, serving over 5.6m UK businesses. This number is ever increasing due to the UK being an advocate for businesses to thrive. The pressure is on to ensure data is returned in time!

The need for automation along with intelligent artificial intelligence will drive compliance work to a minimum, while allowing firms to focus on higher margin areas – including advisor...
The UK accounting industry is undergoing a major transition - driven by an initiative from the UK government known as Making Tax Digital (MTD).

The aim is for everybody to have one digital tax account related to their business affairs. The resulting factor of MTD could mean 4 times the amount of work for the accountant, as it requires updating the digital account at least quarterly, instead of the current annual process. The work is about to quadruple overnight for an accountant for the same amount of clients. How will they maintain their current profit margins?

There are over 70,000 accountants in practice in the UK alone, serving over 5.6m UK businesses. This number is ever increasing due to the UK being an advocate for businesses to thrive. The pressure is on to ensure data is returned in time!

The need for automation along with intelligent artificial intelligence will drive compliance work to a minimum, while allowing firms to focus on higher margin areas – including advisory / mentorship

Capium has the following products, specifically finance products, on market:

- Capium Bookkeeping
- Capium Payroll
- Capium Accounts Production
- Capium Corporation Tax
- Capium Self Assessment, Partnership Tax & Trusts
- Capium Company Secretarial (coming soon)
- Capium Practice Management
- CapiSign - for electronic signing of documents (for authorization of those important documents)
- CapiScan - for scanning / capturing receipts (removes the burden of the "box full of receipts" client)
- CapiDocs
(share data between accountants / clients and vice versa)
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