Member Since: 25th Sep 2015
2nd Oct 2015
Nothing new. The ability to file one's own returns has always existed. Even 30 years ago when my father had shops there were a few of our fellow shopkeepers who filed their own VAT returns because they wanted to save a few £100. The majority of businesses who actually make money will always have a place for accountants. We have plenty of clients who use cloud software to do their own bookkeeping - all of these softwares can file payroll, VAT, etc. Do any of our clients use it to file their own returns? Not one out of 100s. So what if it can do year-end accounts and corporation tax. Most businesses would rather pay a fee and let somebody else handle it. There will always be the very small side-businesses who make a small amount of profit - in my experience they are the ones who prefer to do it all themselves. A profitable business is usually profitable as experience has taught them to stick to what they know best and delegate the rest.