Our Services - Making Tax Digital
Making Tax Digital is a new HMRC guideline that means from 1st April 2019, any VAT-registered business with a certain annual turnover (currently £85,000) will need to make digital tax returns using approved, compatible software.
At Shan Sohal Chartered Accountants, we specialize in assisting businesses of all sizes across the Surbiton and Surrey area with the seamless submission of VAT returns through the new Making Tax Digital system. Whether you’re utilizing accounting software like Sage or QuickBooks, we’re here to alleviate any challenges you might face in integrating it with your Government Gateway account. Count on us to provide comprehensive support for all your accounting needs, ensuring a smooth and compliant financial management experience for your business.
You may have seen the television advertisements recently starring various familiar faces selling various products to help with your bookkeeping.
They all mention the same, scary-sounding phrase: “Helping you to be ready for making tax digital.”
As of April 1st, 2019, all VAT-registered businesses are required to submit their VAT returns using approved software due to the implementation of Making Tax Digital. Prominent applications like QuickBooks and Sage offer powerful tax management capabilities and direct links to HMRC, simplifying the VAT submission process. If you’re not already using these tools, Shan Sohal Accountants in Surbiton, Surrey, can assist you in transitioning to digital solutions, ensuring full compliance with Making Tax Digital. Our comprehensive service covers setup, allowing you to focus on your business operations while we handle the technicalities. For expert guidance and a free initial consultation regarding Making Tax Digital implementation in your business, reach out to Shan Sohal Accountants in Surbiton at 0208 399 9962 or contact us today. Further information about Making Tax Digital can be found on the HMRC website: HMRC Making Tax Digital Overview
