Get set for the future of your accounts

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Bookkeeping with Horner Downey is now as easy 1Tap with Receipt Bank.

At Horner Downey we know that running your business or operating as a sole trader is hard enough without having to keep track of all your expenses. Managing expenditure, collating receipts and invoices can take up lots of your valuable time and effort. To make life easier we are pleased to be offering 1Tap, a new expense management app.

If you’re a sole trader, your annual Self Assessment can take a lot of time and effort that could be better spent managing your business. At Horner Downey we can help you get that time back and save you money at the same time. Contact us today to find out more.

Here are five reasons why you’ll love using 1Tap with Horner Downey:

  1. No more storing paper

If you’re constantly trying to keep track of paper receipts and invoices, you’ll be pleased to hear that with 1Tap you can simply snap a picture of your invoice in the app and then throw the paper away. Rest assured that through the app the image of your item is fully HMRC compliant and stored safely online. It also means no more trips to drop off a bag full of receipts for your Self Assessment.

  1. No more entering data

Does entering your expense data into an Excel spreadsheet take up lots of your time and drive you to distraction?

All you need to do is take a picture of your receipt or invoice with your phone and the app will do the rest. The data is extracted automatically and sent straight to us. You can also forward your digital invoices to an email address for your own records.

  1. Claim your full deduction

It can be hard to keep track of bits of paper, especially if you’re incurring expenses on the move. That means every year receipts get lost or damaged and you miss out on claiming your full allowance.

1Tap lets you snap a picture of a receipt or invoice the moment you get it, so it’s all stored safely. That means we’ll be able to help get the most from your tax return and help you claim your full allowance.

  1. Easier budgeting

Another advantage of keeping records as you go is that we’ll have a steady stream of information on your business. We can use this to update you on your tax obligations throughout the year so you can set money aside and there’ll be no nasty surprises come January.

  1. Get ready for Making Tax Digital

HMRC’s new Making Tax Digital legislation means that from 2019 all non-VAT registered sole traders will need to submit financial information four times a year to a digital tax account. This handy app provides all you’ll need to make sure you already have good habits well ahead of the switch.

We know you went into business to follow your passion, not to keep books. Using 1Tap with Horner Downey gives you the time you need to focus on your work, secure in the knowledge that your expenses are taken care of and you’re getting the best deal possible. Get in touch with us to find out more.

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