Tax NewsVAT News

Making Tax Digital is now a reality

June 2019 By

Making tax digital (MTD) is now law for all VAT registered businesses with turnover over £85,000. This new law requiring Digital record keeping and filing of VAT returns via the MTD portal came into force on the 1 April 2019. This means change for many businesses but also a huge opportunity.

Do you want to reduce your running costs and streamline your accounting?

There are significant advantages to going “Digital” and we’ve been working with a number of our clients to help them streamline the way they do their accounts. Just suppose you:

• Had a system where your bank fed receipts and payments a directly into your accounts on a DAILY basis;

• Took a photo on your phone of a purchase or expense item invoice and it was posted automatically; and

• Could see your results, who owes you money, who you owe and your business bank balance 24/7, 365 from your smart phone!

We have a new and exclusive Digital system for helping business owners comply with the law and to give you:

• A clear picture of your current financial position, in real-time

• Automatic updates that mean you can spend more time doing what you enjoy

• Your accounts are 100% online, so there’s no software to install and everything is backed up automatically. Updates are free and instantly available

• Upfront accounting software costs are eliminated – upgrades, maintenance, system administration costs and server failures are no longer an issue!

If you want to take your business to a new level please contact us for a demonstration. You are going to love this new way of doing things!

Do you want to reduce your running costs and streamline your accounting?

If you haven’t already done so, please contact us to help you with Making Tax Digital. Call us on +44 (0)1756 794095, email info@getgoodbooks.com or use the contact form.