Making Tax Digital

Make the move to cloud accounting as stress-free as possible with M J Bushell

VAT

HMRC’s vision to digitalise the UK tax system is now well underway. The process started in April 2019 with VAT registered businesses with turnover exceeding the VAT threshold (currently £85,000) being required, from this date, to use commercial software to maintain their VAT records and send their VAT information to HMRC.

At first glance, this might seem like a big change, but our cloud software accountants are on hand to make your transition to cloud accounting as smooth as possible.

Making Tax Digital advice

If you need Making Tax Digital advice or help with cloud accounting, look no further.

Cloud accounting support

Our cloud software accountants already support clients who use Xero, Sage One and QuickBooks – and we want to help you too.

Cloud accounting packages can ‘future-proof’ your business in readiness for the changing face of Making Tax Digital. Xero, Sage One and QuickBooks accountancy packages also enable you to share financial information in real time with our team and quickly produce bills and invoices.

Keeping digital records and making quarterly updates will not be made mandatory for taxes other than VAT before April 2020 at the earliest. This timetable differs drastically from the original system proposed by the Government and restricts the number of businesses immediately affected by the MTD regime.

Nevertheless, businesses do need to be prepared – which means seeking out cloud accounting and Making Tax Digital advice sooner rather than later.

Contact us today to find out how we can save your business time and money, while making the transition to Making Tax Digital for VAT as stress-free as possible.