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Three reasons to reduce spreadsheet dependency
Spreadsheets have been a staple tool of finance for over forty years. They’re ubiquitous, with 1.2 billion users of Microsoft Office worldwide, and 80% of businesses currently rely upon them for tax purposes. But are they still the best tool for the job?
In our 2019 Tax Professionals Survey, 35% of tax and finance professionals said they are already looking to move away from using spreadsheets following the introduction of Making Tax Digital (MTD). There’s a growing sense that, with the introduction digital submissions and digital links, MTD may well present an opportunity to begin to rethink how we manage compliance data and carry out calculations.
Andy Mills, Commercial Director, Tax Systems