There has been much uncertainty around the long-awaited MTD. One thing, however, is sure: as of April 2019, businesses with a turnover above the VAT threshold (£85,000), will need to keep digital records (for VAT purposes only) and provide their VAT return information to HM Revenue and Customs (HMRC) through Making Tax Digital (MTD) functional compatible software.
This will see a huge transition for businesses who will need to either adopt or upgrade accounting software packages to comply with these new obligations. To ensure that you are prepared for the changes ahead, we will be hosting a seminar to provide an overview of the different options available.
There will be live demonstrations of “Xero” and “Sage”: Two fully compliant software packages. These cloud accounting software packages have the capability to link to various add-ons, helping streamline accounting transactions.
Cloud accounting experts will be providing further insight on which package will be best suited to your business needs. There will also be live demos of each software package, so you can familiarise yourself with the different features and capabilities.