Making Tax Digital for Cake Business Owners

Lesson Details

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1. Making Tax Digital - Software Suggestions

Why MTD matters for cake business owners:

📊 Digital record-keeping – no more piles of paperwork; all records stored securely online.
⏱ Time-saving – automated calculations and easy submissions mean less stress and more focus on baking.
✅ Accuracy – digital records reduce errors and keep HMRC happy.
💡 Real-time insight – understand profits, costs, and cash flow instantly.
🌟 Compliance made simple – meet HMRC requirements without headaches.

Software explained and compared:

During the presentation, David will cover and assess key accounting software options for UK cake businesses:

QuickBooks, Xero, Sage, and QuickFile
Comparison of cost, ease of use, and reporting capabilities
Practical guidance on which software suits your business size, style, and workflow

Running a cake business in the UK can be rewarding, but keeping on top of your tax and finances is often stressful. Making Tax Digital for Cake Business Owners sets out to help understand the government-backed system designed to make your accounting simpler, more accurate, and fully digital. David Brice from CakeFlix will guide cake business owners through MTD in a practical, easy-to-follow presentation, showing exactly how it can save you time, reduce stress, and give you a clearer picture of your business.

Why MTD matters for cake business owners:

📊 Digital record-keeping – no more piles of paperwork; all records stored securely online.
⏱ Time-saving – automated calculations and easy submissions mean less stress and more focus on baking.
✅ Accuracy – digital records reduce errors and keep HMRC happy.
💡 Real-time insight – understand profits, costs, and cash flow instantly.
🌟 Compliance made simple – meet HMRC requirements without headaches.

Software explained and compared:

During the presentation, David will cover and assess key accounting software options for UK cake businesses:

QuickBooks, Xero, Sage, and QuickFile
Comparison of cost, ease of use, and reporting capabilities
Practical guidance on which software suits your business size, style, and workflow

What you’ll gain:

Clear understanding of MTD and how it works for cake businesses
Practical knowledge of which accounting software is best for you
Confidence to keep digital records, submit VAT, and track finances efficiently

Making Tax Digital isn’t just a requirement – it’s an opportunity. By embracing digital accounting, you free up time, reduce errors, and make smarter business decisions while focusing on what you love most: creating amazing cakes.

Share any questions you might have on the CakeFlix PRO on our Facebook group.

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The Tutor

David Brice

David Brice is the lead business tutor with CakeFlix, which has won Cake Masters awards Best Learning Experience in 2014, 2016, 2017, 2018 & 2019.

David´s career started in the Army then he moved over to become a civil servant with the MOD then latterly the Scottish Government. His job prior to leaving was as a speech writer for the Transport Minister, which came with huge kudos, good salary and great pension. However, he wasn´t fulfilled, he knew that there was more to life than the role that he found himself in.

David knew Paul for a couple of years before Paul started his Cake Business in 2002, helping with some of the paperwork and admin required to set up a business. As Paul´s success grew it was clear that his business needed more support so in 2005 David left the security of his job and joined Paul in the cake business. That was a leap of faith as David had not, and still hasn´t, decorated a cake. However, he could see the potential and they grew the business to seven outlets with 35 staff. It wasn´t all plain sailing and its the highs and lows of that journey along with a lot of studying on business best practice that he shares in his Cake Business tutorials.

Paul and David sold the cake business to concentrate on teaching and are passionate about sharing their knowledge and experiences to help others.