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The MyFirmsApp team released this weeks’ Budget update for accountants and their clients in almost real-time.
MyFirmsApp, the global number one provider of bespoke Apps for accountants and bookkeepers, has delivered critical Budget content along with commentary to 1200 accounting firms in the UK following the first Monday Budget since 1962.
Headline news from Philip Hammond’s Autumn Budget 2018 has reached more than a quarter of a million UK businesses and individuals on the home screens of their smartphones and tablets. The up-to-the-minute Budget news appeared within the Accountant’s App, which holds a useful combination of content, tools, features and a full Budget Pack which was made available the same evening.
With the support of the North East firm of Chartered Accountants, Tait Walker, the MyFirmsApp team has worked hard to ensure all changes were communicated as soon as Philip Hammond started to make his announcements in the Budget, which started at 3.30 p.m.
The key changes announced in the Budget include:
Raises personal allowance to £12,500 from April 2019
Raises the higher rate to £50,000 from April 2019
Extra £1bn for Universal Credit over five years
UK digital services tax to be introduced on firms that generate £500m in revenue
Business rates to be cut by one third for firms with a rateable value of less than £50,000
Fuel duty to be frozen again for ninth year in succession
Duty on beer, cider and spirits – but not wine – frozen for a year
Work allowances in Universal Credit being increased by £1,000
£500m for housing infrastructure fund
£25bn in real terms increase for the NHS
An extra £1bn for the MoD for this year and next
An extra £160m on Counter Terrorism funding in 2019/20.
£10m of funding for air ambulance services
£400m fund to help schools buy the extras that they need
£420m being made available immediately to help council tackle pot holes
£695m initiative to help small firms hire apprentices
Mike Page, Head of Product Management, MyFirmsApp said: “Accountants are firmly in the digital age and their assets are also digital. Instead of producing budget cards that list the changes announced this afternoon , which then need to be sent to clients, the digital age allows an instant turnaround that enables key changes to be communicated in almost real-time via the screens on clients’ smartphones. The digital age is helping accountants to achieve transformational efficiencies and to be proactive and not reactive.”
The Budget and Tax Update provided by MyFirmsApp allows Accountants to communicate changes that affect all individuals and business clients and helps underline their position as trusted advisors.
For those that do not have access to an App, a free demo App will feature Budget news and it can be downloaded easily from the Apple store or from the Google Play store. Enter MyFirmsApp UK in the search box.
If you have any queries about how to get the best from your App and further your marketing capabilities, Connor is the person to contact. Connor specialises in marketing and customer care, handling App calls and providing a key service to ensure clients can promote their App effectively using a range of marketing strategies. MyFirmsApp provide the world’s leading App solution for Accountants and Bookkeepers, and Connor helps professional service firms in overseeing the progress of their App project and helping them to drive engagement with their clients. His experience and skills though having a BA Hons degree in journalism are invaluable to the team. For any App marketing queries you can contact Connor on 01325 469 603. Outside of work: Connor enjoys playing guitar and going to gigs. He is a big fan of Oasis and The Stone Roses. He also likes socialising with friends and family, and following Newcastle United.