Simplifying MTD IT Compliance with BrightBooks

Cloud bookkeeping software, BrightBooks by Bright, simplifies Making Tax Digital for Income Tax (MTD IT) compliance by automating your quarterly filings.

It connects directly to HMRC and handles the heavy lifting of quarterly filings for you. Better still, it fits around the workflows you already use in practice, so you can save hours of manual work without forcing clients to change how they operate.

We will cover how to:

• Manage quarterly submissions effortlessly

• Streamline your bookkeeping

• Regain control of your time

Keep your spreadsheets, meet your deadlines

Many clients still rely on Excel, and fair enough. If they’ve spent years working that way, you don’t want to force a change just because tax rules have tweaked.

BrightBooks by Bright includes a clever MTD-compliant bridging tool. You can keep logging your income and expenses in your familiar Excel worksheets. When the end of the quarter arrives, you simply import that data into our system. You review the figures, adjust if necessary, and submit them directly to HMRC. You stay fully compliant without changing your daily habits. It really is that simple.

Automate data entry with BrightBooks' document capture tool

Manual data entry eats into your team’s time and leaves too much room for errors. BrightBooks by Bright takes that admin off your plate by connecting directly to client bank feeds and using smart rules to categorise income and expenses automatically. That means less rekeying, fewer mistakes, and far more time for work that actually moves your firm forward.

If you run your business entirely through a dedicated bank account, our software connects directly to your feed. It uses smart rules to categorise your regular income and expenses automatically. You hardly have to lift a finger.

If you still deal with paper receipts, we’ve got a treat for you. BrightBooks has an MTD document capture tool that lets you snap a photo of a receipt on your phone, and it extracts the supplier details, VAT, and line items, pushing the data into your accounts. The days of hunting through a shoebox for lost invoices are officially over!

Run your entire business from one digital hub

If you want one place to manage client finances in the cloud, BrightBooks by Bright gives your practice a complete, robust bookkeeping solution. It helps accountants handle client invoices, payments, and stock from one secure digital hub, without adding more complexity to the day.

Clients can also use the BrightBooks app to:

• Send invoices on the go

• Track payments

• Manage your stockMmonitor your sales pipeline

Everything lives in one secure place. Because the books are always up to date, quarterly MTD IT returns are generated automatically. BrightBooks by Bright acts as the financial engine of your business, turning raw numbers into ready-to-file tax returns in the background.

Ready to make MTD IT effortless?

Tax compliance shouldn’t cost you hours of your valuable time. You need a system that works for you, not the other way around. BrightBooks by Bright gives you robust functionality, reliable HMRC submissions, and peace of mind.

Take control of your quarterly reporting today. Book a demo with the Bright team to see how easily you can automate your MTD IT compliance and get back to growing your business.

This content may have been developed with the assistance of AI tools. Content is reviewed by a member of the Bright team before publication. Guidance on legislation can be obtained from your industry body.