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.”
But what does that mean?
From April 1st 2019 – yes, just a few weeks away – all VAT-registered business will need to submit their VAT returns using approved software.
Quickbooks and Sage are two of the best-known applications and they are extremely powerful and efficient at managing all your tax affairs for you.
Now, they will be able to link you directly to HMRC and make submitting your VAT returns simpler – that is of course if you are using them!
If you’re not, then it’s not too late to make the move to digital – and Shan Sohal Accountants in Surbiton Surrey can help with this.
We provide a complete service to get you fully compliant with Making Tax Digital.
Let us take care of the hassle of setting this up for you so you can get on with running your business.
For more information and a free initial consultation on how we can help with Making Tax Digital in your business, call Shan Sohal Accountants in Surbiton on 0208 399 9962 or contact us today.
The HMRC website has further information about Making Tax Digital:
https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital
