Welcome to our weekly round-up of the latest news and updates from the accounting tech world.
This week, Tech Insights features FreeAgent's integration with Tide, BTCSoftware’s new MTD for VAT solution and IRIS's GDPR conference.
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BTCSoftware new MTD for VAT solution
BTCSoftware has announced it will be showcasing its Making Tax Digital for VAT Software in May at Accountex 2018.
The MTD for VAT software solution will be available in late spring 2018. Among its features, it will enable agents to submit their clients’ VAT returns directly to HMRC in the required MTD format, as well as to see what has been submitted historically.
Additionally, the software will provide functionality such as a view of the client’s MTD VAT payments and refund history and the progress of new returns.
BTCSoftware has announced it is currently working with the bookkeeping software providers Xero, Quickbooks, FreeAgent and Reckon One to offer integrations via APIs.
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FreeAgent’s integration with Tide goes live
Cloud accounting software provider FreeAgent has announced a direct integration with Tide. The new integration enables Tide and FreeAgent customers to join both accounts, pulling in transactions from their bank account into FreeAgent.
In order to link them, clients need to authorise Tide on their FreeAgent account and vice-versa. Once that’s done, the appropriate Tide accounts can be selected from FreeAgent's “bank accounts” list as well as the date from which the transactions will be updated from.
Once the accounts have been linked, the transactions can be reconciled as normal. A complete guide to setting up the integration can be found on Tide’s website.
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IRIS GDPR conference for accountants in practice
On 12 April in London, IRIS will be hosting a GDPR conference for accountants in practice. The event will cover various topics around the new legislation, including how it applies to accountants in practice and tips from industry experts in data protection, information security and accountancy.
The event is aimed at business owners, partners of accountancy firms and designated people in charge of data protection.