Making Tax Digital (MTD) is the new imitative from HMRC and begins on 1st April 2019. From that date VAT registered businesses in the UK with a turnover greater than £85,000 will have to store their accounts digitally and make quarterly reports using compatible software, such as QuickBooks, Xero or Sage.
The times where you could do it all on paper are rapidly coming to an end and you need to prepare for MTD.
SPECIAL OFFER:- At Morgan Barrett Accountancy, we have teamed up with QuickBooks Online and can provide a QuickBooks Pro Online account for the knockdown price of £1.20 per month until February 2020 (when the price goes up to £12 per month.) This offer is open to new and existing clients.
Please contact us if you would like to take advantage of this offer.