Making Tax Digital (MTD) is part of the Governments plan to make it easier for individuals and business to keep on top of their affairs. It is also part of HMRC’s plan to modernise the tax system and the way that businesses interact with them.
The result of this change will be that interactions with HMRC will move to being primarily digital using cloud accounting packages. These new packages will not only link to HMRC but also with your bank.
Many people will be moving from spreadsheets or paper based systems and it may seem a bit daunting but in the long term it will simplify the process.
One advantage of the new system is that this software can be access 24 hours a day, 7 days a week from your computer, laptop or mobile phone. You can also give us access which allows us to quickly log in to deal with any issues that may arise.
Which Package to Use?
There are many packages available but here at Meacher-Jones, we have partnered with two of the biggest, Sage and QuickBooks.
With a deadline of 29th June to register with HMRC, it is vital that if you have not already registered you decide which system to use and register now.
We are now offering a free 3 hour meeting where we will work out the best system for you and then set it up for you. We will also ensure you are registered with HMRC and you have training on how the software works.
For further information on MTD, please contact our software expert Joanne Lark on 01244 401001 or email her email@example.com
If you want to know more about how we can help you please use the form below.
Our newsletters provide relevant accounting and tax news along with relevant tax date reminders.