Making Tax Digital (MTD) for VAT

 

Being a VAT registered business brings new regulations from 1 April 2019
 

From 1 April 2019 the option of submitting your VAT returns via the government gateway will no longer be available and VAT records will need to be in a “digital format”.  “Digital” excludes manual books and records and spreadsheets.

 

We’re already helping our clients make the change to Digital Accounting records and our Cloud based accounting packages are proving very popular. There’s a number of options and we’ll work with you to find an option that works for you.

 

Cloud based packages put management information at your fingertips, you get instant access to the information you really need in real time.  So you will be in complete control of your numbers and your business.

 

Here are just some of the many benefits: 

  • 24/7 access to up-to-date financial information and reports from any device with an internet connection.
  • Business support - Since we can access your data 24/7, we can support you with your key decisions.
  • Easier invoicing - Fast, simple customised sales invoicing, easier to manage your sales and get paid quicker. 
  • Quicker cash collection - The system allows you to embody payment methods into your invoicing.
  • Automatic processing - Your bank accounts can feed directly into the system, saving you time.
  • Financial dashboard - A fully customisable screen showing you the key financial information you need to run your business. 
  • Security - Knowing your sensitive financial data is always secure and backed-up automatically. 

We are Cloud Accounting specialists and promise to help you make the transition to Digital Accounting as straight forward as possible.

 

Our Cloud Champion, Daniel Hall dan.hall@waltonscw.co.uk can discuss the options available, show you the software and make recommendations on how we can help you comply with this new legislation.