Here at Business Works we are ready for Making Tax Digital (MTD) for our clients with all our accountants now qualified as QuickBooks Making Tax Digital ProAdvisor’s.
MTD is for those businesses whose turnover is £85,000 or above, the current VAT threshold. Our earlier blog provides more detailed information http://bit.ly/BWMTD. MTD is to help reduce business tax administration errors as well as increase productivity for your company with less time spent on the former.
HMRC have sent out about 200,000 letter informing businesses of the new MTD service and how VAT records and submissions will be changing from April 2019. Have you received yours?
If your business has received a letter from HMRC, then you will need to comply with MTD. Therefore, you will need to keep your records digitally and submit the VAT data via a functional compatible software e.g. QuickBooks, Sage, Xero etc.
We would encourage all businesses to start using a bookkeeping software package as this will ensure that your records are up to date and therefore MTD compliant.
If you need further information about MTD or bookkeeping software, then please get in touch on 0113 2864486.
Our Services
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Cloud Accounting
If your business is growing, then you may need to access some sort of finance product to facilitate your growth. With so many products available, it can be bewildering. How do you work out how much you need, for how long and which product/or products are right for you?
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Payroll and Auto Enrolment
Employing people can cause stress for a business owner for many reasons and one of these is payroll. Our teams expect that they will be paid on time and with the correct level of deductions made. We can provide a full payroll service for your business including auto-enrolment, keeping you compliant with your many legal responsibilities.
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When it comes to supporting small enterprises, helping them grow whilst avoiding regulatory and commercial pitfalls, we have a weath of experience, expertise and a kettle - a very good kettle. If you think we could be a good fit, get in touch to see how we can add value to your business.
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