Making Tax Digital (MTD) is part of the government’s plan to make it easier for businesses to stay on top of their day-to-day accounts. HMRC wants to be one of the most digitally advanced tax administrations in the world – improving efficiency, effectiveness and ease of compliance. The plans signal a major change for and the end of paper accounting for millions across Britain.
So what does all this mean in simple terms? Firstly, communications with HMRC will become automated, making it crucial to maintain up-to-date accounts. Secondly, tax summaries will need to be submitted at least quarterly through software, so that HMRC have an accurate view of accounts.
Sounds complicated, so here at DL Accounts we’re committed to making the transition painless and stress free for every client. We’re getting prepared right now, and making sure that all our clients are 100% MTD compliant. With DL Accounts Ltd you get all of the software you need to make you MTD compliant straight away, we will talk you through it all and set it up for you, saving you time and money.
We’re offering all our clients accounting software which can be linked to your bank, meaning no more needing to provide bank statements. We’re also offering Receipt Bank software, which means that via an app on your smart phone or tablet you’re able to take photos of your receipts, that are then sent to us digitally – no more paper copies to hand over. Your accounts are done in real time so no last minute rush or late submissions, and we can be proactive instead of reactive, and you can focus less on paperwork and concentrate more on growing your business.