Digital Tax is coming, are you ready?
Making Tax Digital (MTD) is a fundamental change to the administration of the UK tax system. It will affect how businesses and other organisations, agents and individuals maintain their accounting and tax records and how they transact and communicate with HMRC. We are here to help you with the transition to MTD, and can provide advice on the right software package, plus support and training during the installation period.
So what must your software be capable of?
keeping records in digital form as specified by the new rules
preserving digital records in digital form
creating a VAT return from the digital records held in compatible software and submitting this data to HMRC digitally
providing HMRC with VAT data on a voluntary basis
Could accounts software help your business?
Accounts software has come on leaps and bounds in the last few years. It is extremely user friendly, can save time and avoid expensive errors. Whether you want advice on the right accounts or payroll software or training on some of the leading packages then we can help.
As a digitally focused business we can even support you with broader business technology solutions:
Online accounts packages;
Contact management software;
Advising on the necessary software;
E-mail and internet set up;
Management reporting solutions;
Use of various office software packages.