There are several ways our team can help make the transition to Making Tax Digital (MTD) for Income Tax straightforward.
Accountancy, bookkeeping and personal banking software and apps are continuously updating. They offer landlords and self-employed individuals the functions they need for MTD record keeping and submissions.
Quarterly updates are sent to HMRC from this software – these aren’t tax returns, they are summaries of how a business is doing.
OPTIONS
> We partner with leading, easy-to-use MTD-compatible platforms. As a Newby Castleman client, you can access preferential licence rates.
> For landlords, we also offer licences for MTD compliant property management software.
> We can also support other ways to capture your figures – for example, a customised spreadsheet – to give you the flexibility to make the right choice for your business.
Our priority is to ensure you are prepared for the change and that your reporting is accurate and compliant.
Planning is key to ensuring a smooth transition. We offer tailored advice adjusted to your circumstances.
GET IN TOUCH
Please contact our team of experts who would be more than happy to assist you with the background to MTD, qualification, and a way forward.
Email HELLO@NEWBYC.CO.UK Subject MAKING TAX DIGITAL for advice.