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Making Tax Digital
Making Tax Digital gets the green light from the government
The government remains committed to the start of the roll out of Making Tax Digital (MTD) in April 2019 and the legislation to implement the changes contained in the draft Finance Bill.
What does this mean to your business?
You will need to ensure that your accounting records are “Digital” and, starting from April 2019, keep your VAT accounting records digitally. “digital” excludes manual books, records and spreadsheets.
Many of our clients have and are already making the change to Digital Accounting records and what we have found so far is that our Cloud Based accounting package (QuickBooks) is extremely popular and effortless in managing your company’s finances.
What are the benefits for you...
Some of the benefits of changing the way you keep your records.
Our cloud accounting software allows you to:
- Capture receipts and payments safely and securely from your bank account directly (no more manual entry!!)
- Use your smart phone to photograph expenses, these can then be filed straight into your accounts.
- See an overview of your business 24/7 via an app on your computer and/or phone.
- Create quotes and sales invoices easily.
- Most importantly… digital tax allows you to throw all the paper away you currently keep on file.
We are cloud accounting specialists and promise to help you make the transition to Digital Accounting as straight forward as possible.
