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What’s more, HMRC’s ‘Making Tax Digital’ initiative is pushing the majority of accountants (74%1 based on a Thomson Reuters survey) to review their current systems, meaning the rising demand for real-time access to accounts data is only going to become more acute.

When digital tax accounts come into force, clients will expect that their accountants have aligned their processes and software with HMRC’s new systems to be able to provide on-the-spot answers.