The Rhino Small Business App was first to be accredited by HMRC for its Making Tax Digital (MTD) initiative. That’s great news for small businesses looking to reduce the burden and cost of accounting fees and tax bills.
The approval from HMRC – the first for any software package designed for business owners – means that Rhino users can submit their business accounts directly from the App to the online MTD portal. (That portal went live on 15th March 2018.)
As you might expect, the App integrates directly into the Making Tax Digital platform. Rhino was the first accounts package approved by HMRC that allows a business to submit its own returns. That direct access for HMRC updates just requires a few clicks, making return submissions easier, faster and cheaper for our user base of sole traders, small and medium-sized businesses.
We worked closely with HMRC to help design and build the new MTD platform while developing the Rhino App.