Making Tax Digital or MTD is new government legislation coming into effect in April this year.
Basically this means you can no longer submit your VAT returns on paper, they must be submitted online using an MTD ready accounting package such as Quickbooks Online, Sage Online or Xero
Quickbooks and Xero both offer free and simple to use mobile apps which allow simple invoicing and expenses along with many other accounting function from your mobile device
Making Tax Digital appears at first to be a major change and a headache for you, but, don’t worry it is not all bad news or doom and gloom, basically, you just have to implement an MTD certified accounts system and make sure you keep all of your receipts so that they can be entered on to it
Using an MTD certified accounts system such as Quickbooks online, Sage Online or Xero which are all tailored for the sole trader or small business means you can comply with Making Tax Digital very quickly and easily
If you are not familiar with any of these systems, don’t worry, we offer training on all three of them, likewise, if you are not confident enough to manage your own accounts or do not want to take care of you day to day bookkeeping, we can take care of it for you and make your MTD online submissions