Making Tax Digital (MTD) 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. MTD will see 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
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VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) are now required to follow the Making Tax Digital rules by keeping digital records and using software to submit their VAT returns.
VAT-registered businesses with a taxable turnover below £85,000 will be required to follow Making Tax digital rules for their first return starting on or after April 2022.
Before you begin following Making Tax Digital rules, you may wish to check which software packages are compatible with Making Tax Digital for VAT.
You can use the Government search function to search compatible systems, or find out more about each of the accounts software packages that we provide, including implementation, training and ongoing support, below.
It’s no surprise that so many UK business rely on Sage for their accounting software after all, they are one of the largest providers in the UK and they have solutions that fit virtually any business, of any type in any industry.
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Pegasus Opera 3 is well known for its flexibility and customisability (if that’s a word) which is why its loved by SMEs across the UK. This modular software allows businesses to tailor their package by any industry or requirements.
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This award winning finance solution is perfect for growing organisations. It’s powerful reporting capabilities and simple navigation allows you dive deep into operational and financial data straight from your accounts package.
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Microsoft Dynamics provides a perfect solution for SMEs to streamline everything from financials to sales with customisable solutions for any industry using Microsoft 365 to create custom reports, workflows and automation.
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It’s important to choose an accounts software that is right for you and your business – if you’re not sure which might be the right fit for your business and its processes, then why not use our free accounts software review? Our team is hugely experienced and can assist businesses of all sizes. So whether you’re looking at a new accounting solution, or you’ve been through a few, then we can help.
Our advice and guidance is always free and we’re happy to talk to any business, no matter what stage of the thought process they’re going through. We have built our business on the values of trustworthiness and passion and will happily provide assistance to you, so if you want a chat, just get in touch.
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