People who boost their income through online trading are being warned of a new crackdown by HMRC.
Making Tax Digital (MTD) is moving along at place, taking effect for income tax for many from April 2024. What else is on the horizon for business and what can you do to get ready for MTD?
Manage your business finances with online accounting
Many of our new and existing clients are looking to the cloud to fulfil their accounting needs. Cloud accounting software is a secure, cost effective way of producing your accounting records, which is available to you anywhere and at any time. It has the additional benefit of offering us direct access to your records enabling us to react quickly to any questions you may have.
We support all of the main online cloud based systems such as Sage, Xero, Quickbooks and Twinfield to name a few. Our formal partnerships with these firms ensure that we can provide the right advice to you whether you are looking to change accounting software or need help in training or processing. We have the trained staff to help you make the right choice for you and your business.
Making Tax Digital – The Basics
The first of our three videos about Making Tax Digital, covering what it is, why it is happening and who it will affect.
Making Tax Digital – The Technicalities
The second of three videos from Whitley Stimpson about Making Tax Digital covering how it will affect you and what you need to do in order to comply with the new regulations.
Making Tax Digital – The Round Up
The last of three videos from Whitley Stimpson summarising Making Tax Digital and what you need to to do in order to comply with the new regulations.
Partners in your progress
Talk to us now to find out how we can help you and your business.