Making Tax Digital for Business was introduced on 1st April 2019 for all VAT-registered businesses with a turnover above the current VAT threshold of £85,000.
Helping Clients Prepare for Making Tax Digital
Making Tax Digital (MTD) is replacing paper-based bookkeeping with digital tax accounts so that businesses have a modern, streamlined digital system to keep their tax records and provide information to HM Revenue & Customs (HMRC). Many businesses are seeking out easy-to-use record keeping solutions and automated data entry software to help make the transition to “digital” as streamlined as possible.
At Everett King we are committed to proactively discussing MTD with our clients and have a straightforward way to support your business on-board compliantly.
We will work with you to ensure you are prepared for your obligations under MTD and we fully understand what is required to manage your business records digitally.
HMRC will not be offering software to help you report quarterly, so we will advise you about MTD-compliant software to help make managing your accounting records easy, wherever you are.
We can act as your Agent and send VAT Returns and Income Tax updates on your behalf. We can also maintain your accounting records and submit your VAT returns directly to HMRC and migrate any non-digital clients onto digital record keeping. Have a look at our book keeping page to see the range of services we can offer.
Everett King are here to help. Sign up today and reap the benefits to receive the highest quality standards and continuity of service with minimum investment required from your business.
If you would like us to help you through these changes then email us today brian.phillips@everettking.co.uk/ to arrange a free initial consultation.