Making Tax Digital

It’s time to get ready for Making Tax Digital

What is “Making Tax Digital”?

Making Tax Digital (MTD) is a government initiative to modernise HMRC’s tax system, with the aim of making the whole process of administrating tax simpler and more efficient.

Making Tax Digital for VAT

VAT-registered businesses with a taxable turnover above the VAT threshold are required to use the Making Tax Digital service to keep records digitally and use software to submit their VAT returns from 1 April 2019.

Precise Bookkeeping can help you through the minefield of MTD

Although Making Tax Digital (MTD) for VAT seems like a big change for businesses and individuals alike, the MTD scheme will in fact make it easier to manage, report and pay your taxes to HMRC. And we’re here to help you every step of the way.

Thankfully, we are here to help advise you with your transition to MTD. We have everything you need to become MTD compliant, with minimal disruption to your business. Whether that’s planning for the switch-over, upgrading your software or providing training, we’ll offer you peace of mind.

Ready to talk digital? Call 020 8420 4441 or complete our contact form.

We’ve teamed up with QuickBooks

QuickBooks is the world’s No. 1 online accounting solution. This fully HMRC recognised compliant accounts package will not only save you time and benefit your business from day one.

 

QuickBooks Making Tax Digital

From day one you can:Gain access to all your business finances via the Cloud, to get a clear view of how your business is doing in less than 30 seconds

  • Save around 8 hours a month managing your accounts
  • Have improved control of cash flow and knowledge of where your money is going
  • Be able to run your business from work, home or on your mobile

Ready to talk digital? Call 020 8420 4441 or complete our contact form.

For more information on Making Tax Digital visit the HMRC website here