We thought we give you a brief overview of making tax digital and how you can be prepared for the changes.
Why has MTD is coming into force
The government’s view is that using digital technology will make it easier for businesses to get their tax right. Their aim is to reduce uncertainty that businesses could encounter when HMRC intervenes to correct any errors.
What making tax digital mean?
If you’re a VAT business then you will need to move to digital book keeping-with effect from 19th April 2019.
What happens if I’m not a VAT registered business?
It is completely optional – but recommended as:
1-You ever decided to become VAT registered
2-It could help you gain an insight with cash flow forecasting
(For any other taxes, digital doesn’t come into effect until at least April 2020).
How we can help
ACIT are Sage accredited business partners and can help you find a software solution to ensure that you are compliant with the upcoming changes.
If you have existing software purchased a number of years ago?
You may need to upgrade your existing licence (a service we can currently offer) or you can move to a competitive monthly subscription service for your software, with support for the software included.
Lastly, not only can we assist with the software we can also help with any support and training you may need – please contact us on 01277 888 210 for a consultation.
Arrange a quick face to face chat to see if we can improve the way your business works?