Making Tax Digital ready? Help for Hampshire Businesses
Making Tax Digital (MTD) begins on 1 April 2019, which means businesses need to be prepared as soon as possible for when the changes do come into effect in a few months’ time. Will you be ready in time?
Making Tax Digital, otherwise referred to as MTD, is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and to keep on top of their affairs.
Helping Hampshire businesses with MTD
Many businesses within the Hampshire area could be at risk of various penalties as the new MTD legislation looms. Recent statistics suggest that almost 85% of businesses in the UK who will be affected by the changes in less than 5 months’ time aren’t digitally compliant with, for example, 1 in 5 farmers still unaware of the new legislation and what it means for their business.
Be digitally compliant with Xero
Do you understand what your annual accounts really mean? How deep do they allow you to analyse? We’re Xero Gold Partners and certified advisors which means we’re able to give you deep insight into your accounts through clear communication. We can give you a new level of insight and be on hand to make sure everything is clear to you and makes sense.
What’s more, with our unique 3&3 commitment, we’ll meet you 3 months prior to year-end to review draft accounts and make honest recommendations of strategic financial actions that could be taken before filing. We’ll then meet with you again 3 months after year-end with your accounts ready to be signed off.
How to make your tax return digital
Clear Vision, a financial management company in Romsey, Hampshire, can help by using Xero, MTD compatible software, to file all your accounts. It is fast and easy to do, and we can take care of everything, giving you peace of mind. We can ensure MTD is a smooth transition for you, without being a burden.