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Making Tax Digital

Choosing the Right Software



By April 2019, businesses above the VAT threshold of £85,000 will be required to keep digital records for tax purposes and file tax returns quarterly, under the HMRC’s ‘Making Tax Digital’ (MTD) scheme.


Now is a good time to be considering which software you should use, if you haven’t already done so.


HMRC is identifying a list of solutions that will integrate with their software, so check that the software you select is listed by HMRC. Secondly, it should enhance the everyday running of your business. For example, find out if your bookkeeping software links into it so that you can update your accounts ‘on the move’, whether it will automatically remind customers about unpaid invoices and if it will automatically import information from your bank.

What next? Contact us if you’d like to talk through the options. Our team have reviewed and worked with many of the packages, and can independently help you to identify the software that would be most suitable for your business.

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Culverhouse & Co. is the trading name of Culverhouse & Co Ltd and Culverhouse Financial Planning Ltd.

 

Culverhouse & Co Ltd Company No: 6426365

Culverhouse Financial Planning Ltd Company No: 08470047

Registered Offices: 7 High Street, Farnborough Village, Kent, BR6 7BQ

Email: info@culverhouse-accountants.co.uk

VAT Number GB166078392

 

Culverhouse & Co Ltd is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales.

Details about our audit registration can be viewed at www.auditregister.org.uk for the UK and www.cro.ie/auditors for Ireland, under reference number C001690279.

Culverhouse Financial Planning Ltd is Authorised and Regulated by the Financial Conduct Authority for Financial Services. FCA Registration Number: 600931

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The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.

© 2018 by Culverhouse & Co