Fintech and you - Personal digital tax
HMRC has announced that from April 1st, all VAT-registered businesses must keep all records and returns online. Although we’ve spoken about what this can mean for business, what does it mean for you and how can you embrace the forthcoming digital finance changes?
It may be tempting to shy away from these changes but not only can they help you understand your finances, they can help you understanding your spending trends, changes and even where you may be overspending. The technology available to us now can help us to become savvier and smarter with our wealth and investments.
Trying to find the right technology can, of course, be difficult. There are so many apps and products available that choosing can be somewhat overwhelming and there’s no certainty that what you’ve chosen will work for you. At Murphy Wealth, we’re enthusiastic about emerging technologies and how they can benefit people’s lives. We can help you find the best apps and digital products available to best fit you and your finances.
Just as easily as you can shop and book holidays online, you can now even manage your finances online (Monzo). The technology available to us now can offer not only opportunities to save money but also opportunities to make informed investments (Moneyfarm) and innovative saving option – even as small as just rounding up to the nearest pound following a transaction and saving the excess (Moneybox). These small changes can not only make big differences to you and your life but also your business. Platforms like FreeAgent and Float now make it easy to see where your business’ financial performance is in real time.
Additionally, we have our very own Simply Wealth app. This can help you manage all of your finances – from bank accounts to property – in one place. The app makes understanding and staying on top of your finances easy, safe and accessible whenever you need it.
If you’d like to learn more about how financial digital technology can work for you, get in touch today for a consultation.