Do you know that almost 4,000 businesses missed the latest tax return deadline due to struggles with Making Tax Digital (MTD)? What’s more, according to recent figures, almost half of UK businesses still need to sign up to the scheme.
If you’re struggling with being digitally compliant and avoiding the issue, Clear Vision Financial Management, based in Romsey, Hampshire, can help.
Avoid unnecessary penalties
Whist the HMRC has stated that after a 12-month ‘soft-landing’ period, non-compliers will face penalties and fees, there is currently a ‘soft-landing’ period where only those being seen attempting to comply will not face charges.
A points-based system has been confirmed to come into effect in 2020 where points will be issued for either late report submission or late payments.
Don’t leave it until it’s too late to comply! If you’re concerned about complying with the new legislation, speak to us. We have industry specific expertise, market insights and appreciation of the specific challenges facing each sector.
Be digitally compliant with Xero
Do you understand what your annual accounts really mean? 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 with you 3 months prior to year-end and then again 3 months after year-end to alleviate any stress caused by final submissions.
MTD: Quick, easy and smooth transition
Clear Vision 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.