Episode 17. On today's episode of the Accounting Influencers Podcast, Martin & Rob discuss "How Making Tax Digital Affects Accountants & Businesses Globally."
Key shownotes from the whole interview include:
➜ How the MTD initiative has taken over accounting firms in the UK
➜ The role of governments in collecting taxes in a more direct way from businesses
➜ How MTD and similar tax initiatives create compliance opportunities for accounting firms
➜ Less than 5% of companies are not set up for digital tax payments
➜ If accountants are not making their clients ready for MTD or its equivalent, then their competitors will
➜ Why MTD is the direction of travel for countries globally, and why accounting firms must be ready
➜ The implications for accounting firms who do not push the digital tax agenda with their clients
➜ How the speed of change is affecting businesses and the accountants who serve them
➜ Why the UK is the test case for many countries in forcing more frequent digital tax collection
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