Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs.
Making Tax Digital is making fundamental changes to the way the tax system works – transforming tax administration so that it is:
- more effective
- more efficient
- easier for taxpayers to get their tax right
Many VAT-registered businesses with a taxable turnover above the VAT threshold are now required to use the Making Tax Digital service to keep records digitally and use software to submit their VAT Returns.
Xero, QuickBooks and Sage are the three accounting software packages we use at Turner Accountants to manage your accounts online and ensure you are compliant with the government’s Making Tax Digital Scheme.
Take a look at the various accounting software packages available and speak to us about moving you onto one of these platforms or for a general chat about going digital: 01772 716555.