Accountants, Tax and Business Advisers
Making Tax Digital (MTD) is the most fundamental change to the administration of the tax system for at least 20 years.
The essential elements for businesses and landlords are:
As your accountants we will support you through these changes and provide the ongoing services that you need. However, the changes are so fundamental that it will be necessary to review your current record keeping systems and to reconsider what work you decide to do yourself and which activities you wish to include in the service we provide.
We need to discuss your transition to MTD with you so that you are ready for MTD reporting for VAT by Spring 2019 and also consider the transition for other taxes.
We may need to consider the possibility of a digital exclusion exemption. If you currently use accounting software it will need to be upgraded (if you currently use Sage, Quickbooks or Xero and are on a subscription basis this should be automatic).
If you are considering acquiring software, please discuss this with us first.
If you currently maintain records on a spreadsheet you will need to acquire software which will allow returns and updates to be made directly from the spreadsheets, or engage us to do this work.
If you currently maintain records on paper your processes will need to change. You will need to provide records to us promptly after each quarter-end and engage us to do the bookkeeping and quarterly reporting or acquire and use appropriate software.
We are here to help and can offer fully supported use of our agent Sage One software which allows us to review anything that you enter or indeed carry out the bookkeeping for you whilst it remains accessible to you at all times.
Call us now to arrange yourFREEinitial consultation and fixed price quote.
Ayling Ware Ltd. is registered by the Association of Accounting Technicians
We offer much more, please call us for full details and an initial FREE consultation and fixed quote.