Making tax digital

HMRC begin rolling out compliance of digital records

HMRC launch Making Tax Digital (MTD) for VAT in April 2019, all VAT registered
businesses with turnover over the VAT threshold will be required to file their VAT returns in
a digital format.

Digital record keeping is virtually a standard for accountants however using the right software can make or break a business. Many successful businesses acknowledge the importance of utilising software available to achieve huge reductions in time spent managing business finances paired with having access to the virtually live financial position of the business.

Cloud Accounting

We recommend all clients use a cloud platform for their accounting system to ensure they are able to make crucial decisions for their business based on accurate reporting and sound advice. Being compliant with HMRC’s MTD is just an additional bonus to using the right software.
If you are looking for advice on what software to use, need help migrating software, or simply want a second opinion. Get in touch today and find out how we can help you and your business.

HM Revenue and Customs are enforcing new rules all the time to ensure that businesses are trading fairly and honestly disclosing their taxes. The latest scheme is giving businesses a reason to reconsider digital tax service and bring themselves away from paperwork and spreadsheets and into cloud accounting and digital tax services. This offers the unique ability to comply with HMRC’s new regulations and also make significant positive changes to the admin and financial management of the business.
We promote a digital tax service and offer clients free unlimited support for Xero, Sage and Quickbooks once they are onboarded. This is a cost effective solution for all involved and our dedication to help clients with their software will in turn save us time at the year end which we pass on to our clients.