This morning, the company’s share price has continued to rise and was priced at 149.75p in mid-morning trade. The climb has continued from yesterday, when Sage shares closed up 5.75p at 144.5p.
Sage’s recent success has been helped by several upgrades from City brokers and better than expected first quarter results from US competitor Intuit, whose figures were boosted by its Quickbooks software.
Quickbooks competes directly with Sage’s Peachtree division and analysts say the UK company’s product is maintaining its market share in the growing market.
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia