CHICAGO (March 7, 2024) – Leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly) is named Platinum Regional Systems Integrator Partner by IFS, the leading global cloud enterprise software company. IFS’s platinum partners demonstrate proficiency in delivering customer value with a clear focus on selling complex solutions.   Baker Tilly provides digital expertise, resources and capabilities through a strategic approach to implementing IFS solutions that drive business transformation. The alliance between IFS and Baker Tilly joins industry best practices with class-leading applications, allowing businesses to scale into the next growth chapter efficiently and effectively with minimal disruption. This collaboration enables increased productivity and business agility without compromising organizational core values. “Our alliance with IFS embodies shared dedication to excellence, innovation and client success, paving the way for transformative business outcomes in the field of systems integration,” said Cindy Bratel, Baker Tilly partner and IFS leader for the North American market, “this designation is a significant achievement as we continue to provide the tools for clients to build a successful digital-first organization.” “We’re excited to see the continued investment, growth, and recognition of Baker Tilly, a premier Partner in the IFS ecosystem” said Dave Spencer, president, IFS North America. Industry experts and analysts regularly recognize IFS for its leader status in ERP, EAM, FSM and ESM. They continue to acknowledge IFS for providing user-friendly, agile and industry specific business solutions that enhance productivity and return on investment. IFS believes that efficient partnering is one of the most effective approaches for meeting customer needs. IFS and its ecosystem of expert partners share a common goal – to put customers firmly at the center of all they do. They seek out partners with a history of putting their customers’ success at the top of their agenda. Learn more about Baker Tilly’s IFS Cloud implementation methodology: bakertilly.com/ifs.
About Baker Tilly US, LLP (bakertilly.com) Baker Tilly US, LLP (Baker Tilly) is a leading advisory CPA firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles and Chicago. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 territories, with 43,000 professionals and a combined worldwide revenue of $5.2 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Instagram. 

Leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly) is named Platinum Regional Systems Integrator Partner by IFS, the leading global cloud enterprise software company.

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Making Tax Digital for IFS

Baker Tilly named Platinum Regional Systems Integrator Partner

Making Tax Digital (MTD) is a government initiative aiming to simplify the way businesses record and report their income, expenditures and taxes.

MTD for value-added tax (VAT) requires VAT registered businesses with taxable turnover above the VAT registration threshold to keep records in digital form and file their VAT Returns using software.

Baker Tilly Digital Making Tax Digital for IFS provides a digital link between IFS applications and HM Revenue & Customs (HMRC). This way, IFS will record all sales, purchases and expenses in a digital format and then transfer the totals for each of these to application programming interface (API)-enabled software which prepares the VAT Return.

The Baker Tilly Digital MTD for IFS is fully compliant with the relevant HMRC requirements, including the digital link to IFS and API submission to HMRC allowing you to use your IFS platform to submit all necessary information on your behalf. 

The API-enabled software has the necessary functionality to prepare the VAT Return and submit this to HMRC via an API.

Baker Tilly Digital uses an integrated app within your IFS platform to gather records and many IFS customers are already using IFS to complete their VAT returns based on data that is available in the system. When developing Baker Tilly Digital MTD for IFS, our strategy has been to re-use as much of this existing process as possible, to ensure simplicity and success.

The Baker Tilly Digital MTD application is based on that same process and our application acts as a digital link that retrieves the VAT related data from IFS and transmits it securely to HMRC via their API. The solution supports all versions of IFS and uses the correct IFS connector depending on your license model.

There are two components as part of the software package:

MTD templates (based on IFS data) that collate the VAT information (whether from tax ledger, general ledger or sales, purchase, expense modules)

A client application that extracts this data digitally, presents it in the format for submission, and submits it via the HMRC API

Check Tax Codes are configured and help to setup if required 

A successful test run against a previous VAT return to validate the configuration is correct

Baker Tilly Digital uses an integrated app within your IFS platform to gather records to complete your VAT returns based on your available data within IFS.

Mike Hollifield is a director with Baker Tilly Digital, specializing in IFS implementation.

Paolo Zaino is a director with Baker Tilly Digital providing customers with IFS managed services.

Embracing a “digital-first” approach means taking the lead, not falling behind. 

By combining digital strategies, innovative thinking and technology, Baker Tilly can help you unlock the true potential of your organization through digital transformation.

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Baker Tilly Digital provides digital knowledge, resources and capabilities with a strategic approach to IFS Cloud implementations that is transformational. 

Baker Tilly Digital’s support offering manages your entire IFS platform, so you can extend your team’s capabilities, stay online, and grow your business.

Making Tax Digital for IFS

Baker Tilly named Platinum Regional Systems Integrator Partner

Baker Tilly Digital

IFS

IFS Support

Mike Hollifield

Paolo Zaino

At a glance

API-enabled solution

Solution overview

Setting up the solution

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