Business Sponsor Albert Goodman talks about 'Making Tax digital'

10 May 2019

Business Sponsor Albert Goodman talks about 'Making Tax digital'

Luckily, Albert Goodman is here to offer their support. According to their website, the first businesses to be affected by Making Tax Digital will be VAT registered businesses with turnover above the VAT threshold. These businesses will be required to maintain digital accounting records and use compliant software to file their VAT returns from the first VAT quarter starting on or after 1st April 2019.

 

The pilot is in full swing to test that the software (both the commercial products and HMRC’s systems) work properly under the full range of business types and VAT reporting arrangements. Businesses can continue to use spreadsheets to maintain their books and records although they will need to combine this with third-party software, using APIs to ensure a seamless flow of data between the business and HMRC.

 

Albert Goodman’s award-winning team can help you get started if you are not already keeping your accounts on compatible software or can do your bookkeeping for you. They can support you using Xero, QBO, Sage , FreeAgent or any other cloud package which suits your needs and can also help with the quarterly uploads, once these are needed, and will be able to prepare your year-end figures for you.

They have been actively involved in the consultation process throughout and are therefore well placed to guide you through the MTD requirements.

Click here to find out more.

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