My Digital Accounts is a software package specifically designed for the temporary labour market and Personal Service Companies (PSCs) or Micro entities.
The types of legislation which the software deals with include IR35; offshore and onshore intermediaries’ assurance; Managed Service Company (MSC) assurance, Supervision, Direction and Control (SDC) reporting obligations in respect of Travel and Subsistence (T&S) expenses. These are niche areas of tax with which accountants and clients require support.
John Whelan of My Digital Accounts comments:
“We have joined BASDA because we want to formally engage with HMRC (as part of a body rather than as an individual company) on the application of new legislation in the Temporary labour market. Too often legislation is drafted without properly considering the practical implications and this creates complexity, difficulty and, in many cases, tax loopholes. Our intention is to embrace HMRC’s initiatives and make implementation simpler for the users of our software.”