Making Tax Digital (MTD) are you ready?
Business owners tell us that there's still a lot of confusion around Making Tax Digital (MTD) and what it all means.
As an accountant, when I introduce MTD into a conversation with a business owner typically the same questions come up,
- What is it exactly?
- When does it start?
- Does it apply to me?
- Do I need to change anything?
- How much is this going to cost me?
- Can I keep using spreadsheets for my bookkeeping?
- How can I check if I’m compliant?
- Can you help me?
I’ve summarised the answers to these questions in a podcast, which will give you a brief overview of what MTD is; and how to start on the road to compliance; and even how it can be an opportunity for your business, which is available below.
We've also published a guide for businesses to help explain what they need to do.
I am currently talking to business owners about what they need to do and how we can help ease the burden, and cost of, compliance.
If you would like to talk about what MTD means for your business please contact me.