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Stock impact report

HSBC UK, Sage launch digital tax tool ahead of MTD change [Yahoo! Finance]

HSBC Holdings, plc. (HSBC) 
US:NYSE Investor Relations: hsbc.com/investor-relations
Company Research Source: Yahoo! Finance
The new tool, dubbed My Business Finances, is built on embedded technology from Sage and sits within HSBC UK's business banking platform. The service enables users to handle their accounts and file tax returns online from the same banking platform, removing the need to log into separate accounting software. Additionally, it will enable customers to manage tasks such as bookkeeping and invoicing from inside their HSBC UK business account. HSBC UK SME Business Banking head Tom Wood said: “Small businesses are often incredibly ambitious but generally short on time. As a trusted banking partner, we are always looking at where owners can make savings so they can focus on growing their business. “Tax compliance can be both time-consuming and costly – HSBC My Business Finances will take care of a business' invoicing, accounting and tax compliance all in one place. This is especially useful ahead of new tax reporting requirements in April.” The collaboration between HSBC UK and Sag Show less Read more
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