We are ready! Are you?
Recent research has shown that over 40% of small-business owners are still not aware of Making Tax Digital.
From April 2019, VAT registered businesses with turnover over £85,000 will be required to keep a digital record of their VAT transactions, and submit their VAT returns using Making Tax Digital-compliant software.
As the Making Tax Digital deadline approaches, you need to know if your existing processes, procedures and software are compliant with the new legislation.
If you’re already a Bookkeepers Direct client, you can relax. All our processes are set up through cloud accounting platform Xero - so as soon as MTD comes into force we are already set up to file your VAT Returns (as well as deal with all other digital filing requirements) in the required format.
If you’re working with a more traditional accountant though, or perhaps using older desktop accounting software to run your business, you may need to make the switch to the cloud - and the time to do it is now.
MTD-ready accountants will be in high demand as the deadline draws closer, so beat the rush and make sure you’re prepared to hit the ground running in April 2019.
Still not sure?
Please feel free to give us a call or send us an email, we are more than
happy to come out and explain in more detail the services we can offer you.