Making Tax Digital

Making Tax Digital

Say goodbye to piles of paperwork and hello to a hassle-free tax filing process with Making Tax Digital accounting.

Unlock the Benefits of Making Tax Digital (MTD) with Expert Guidance

Making Tax Digital is the new way of reporting your income to HMRC. Everything is entered using HMRC compatible software to keep digital records and you now send tax updates instead of filing a paper tax return.

I'll guide you through the transition to Making Tax Digital.

MTD for Business

All VAT-registered businesses are required to follow the Making Tax Digital rules by keeping digital records and using software to submit their VAT returns.

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MTD for Self employed

Making Tax Digital for Income Tax is a new way of reporting property and self-employment income to HMRC online.

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MTD for Landlords

Making Tax Digital requires landlords with qualifying income to maintain digital records and update HMRC each quarter using compatible software.

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Making Tax Digital Advice

The key is to start preparing now - don't get caught off guard! Keeping accurate digital accounting records makes submitting your tax return at the end of the accounting period more straightforward.

Speak to your accountant and research options for managing taxes digitally.

You'll need to record income and expenses digitally - and use MTD compliant software.

Ready to get started ?

Call on 020 8930 3983

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Making Tax Digital and VAT

Since Tuesday 1‌‌‌ ‌‌‌November 2022, VAT-registered businesses must submit their VAT returns to HMRC directly using MTD-compatible software.
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If you need help with Making Tax Digital and VAT, call my office or send me an email.

Streamline your tax process with expert advice on Making Tax Digital

Pro Advisor

Fully certified accounting software.

Full Training Given

Complete onboarding and training for all my clients.

Expert Advice

Guiding you through the process, giving you expert advice along the way.

Helping my clients make a smooth transition to Digital Tax Accounting

I am a certified instructor helping my clients transition to MTD. If you need help with making tax digital and but are not vat registered, or you need help with software.

I offer full training and personal service for all my clients.

I understand that getting used to regular tax filing and new online accounting software can seem daunting. Having a trusted accountant is crucial to having peace of mind, and I will go above and beyond to make sure that this is the case.

Having already helped a wide range of clients getting started with Making Tax Digital I can assist you with cloud accounting software and procedures.

Making sure that no matter your situation, you are being correctly taxed. I take care of your business and personal tax returns so you don't have to worry about getting it wrong!

- Andrew Passer London

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Frequently Asked Questions

Do I have to sign up to the Making Tax Digital Scheme?

Everybody will have to sign up for MTD, unless you have exceptional circumstances. Only those businesses or individuals who cannot reasonably or practically use computers, software or the internet, can apply to be exempt.
Do I need to register for MTD if I am self-employed?

From 6th April 2024 Making Tax Digital will apply to everyone who is self-employed as well as landords, earning over £10,000 a year. You will need to use MTD HMRC software.
Do I need MTD if I am not VAT registered?

No, if you're not VAT registered, you don't need to sign up for MTD. You will, however, need to submit any Income Tax Self Assessment by April 2024 with MTD compatible software.
Can my accountant do MTD for me?

Yes, your accountant can sign up and submit your quarterly updates. Make sure you make an appointment well ahead of time, to make sure you meet the deadlines.
What do I need to do to comply with Making Tax Digital?

You'll need to use software that's compatible with MTD to keep digital records and file VAT returns. I can advise which software is best suited for your business. Popular options include Xero, QuickBooks, and Sage.
Should I use cloud bookkeeping or installed software?

Cloud systems like Xero or QuickBooks Online allow access from anywhere and seamless collaboration. Installed software is cheaper but lacks mobility. I recommend evaluating both to see what fits your needs.

Institute of Financial Accountants

The Institute of Financial Accountants (IFA) is an internationally recognised professional accountancy membership body providing dedicated support to SMEs and SMPs.