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MTD is here to stay

13th June 2019

By Lyndsey Hall

 

Making tax digital (MTD) is now law for all VAT registered businesses with a turnover above £85,000. This new law requiring digital record keeping and filing of VAT returns via the MTD portal came into force on the 1 April 2019. This means change for many businesses, but also a huge opportunity. 

Do you want to reduce your running costs and streamline your accounting?

There are significant advantages to going “digital” and we’ve been working with a number of our clients to help them streamline the way they do their accounts. What if you:

  • Had a system where your bank fed receipts and payments directly into your accounts on a DAILY basis;
  • Took a photo on your phone of a purchase or expense item invoice and it was posted automatically; and 
  • Could see your results, who owes you money, who you owe money to, and your business bank balance 24/7, 365 from your smart phone.

We have a new and exclusive Digital system for helping business owners comply with the law and to give you:

  • A clear picture of your current financial position, in real-time;
  • Automatic updates that mean you can spend more time doing what you enjoy;
  • Your accounts are 100% online, so there’s no software to install and everything is backed up automatically. Updates are free and instantly available; and
  • Upfront accounting software costs are eliminated – upgrades, maintenance, system administration costs and server failures are no longer an issue.

 

If you want to take your business to the next level please contact us for a demonstration.

 

Related Articles:

Making Tax Digital

Making Tax Digital for Business

Making Tax Digital Checklist

 

 

 

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