Making tax digital


VAT registered businesses with a turnover in excess of the VAT Registration threshold (£85k) have to comply now with Making Tax Digital for VAT.

Making Tax Digital will also see both individuals and businesses for other taxes will need to comply from April 2021 at the earliest.

Making Tax Digital is one of the most ambitious HMRC projects that could lead to extra administration for both individuals and businesses.  We at Rawlinson Pryde & Partners will be able to guide you through the transition with minimal disruption.

To comply you will need to ensure that your bookkeeping records are kept in a digital format with the best way being a cloud based solution.  We are able to assist you transition over or if you decide that you do not wish to learn how to bookkeep electronically we have bookkeepers who can take the stress out of this additional compliance.

 


Making Tax Digital Compliance Help

If you are looking for an accountant that will be proactive with Making Tax Digital rather than reactive we would be delighted to hear from you.

We can offer

  • MTD Solutions
  • Software training
  • Bookkeeping services

We first started informing our clients about MTDfV 10 months prior to the compulsory implication date. We have written to all of our clients who will be impacted by the change and invited them to a seminar to show a potential solution.




How to comply for MTDfV

There are various different software’s that can be used to comply with the Making Tax Digital requirements.  We at Rawlinson Pryde & Partners can best advise you having discovered fundamental flaws previously.

We are able to offer both SAGE Business Cloud Accounting and Quickbooks Cloud Software at discounted prices from the Recommended Retail Price.  We would therefore encourage you to purchase your product via us to help keep your costs down.

There are benefits to using these software’s, as they enable us to access your data remotely at anytime to assist you with any issues that may arise.  It enables you to bookkeep on the go, potentially freeing up your time or check up on how profitable you are to date.

To find out more about how we can assist you, please contact us.