Making Tax Digital

Change, while often a good thing, can leave us feeling a little uneasy and wary – especially when it relates to something as critical and fundamental as your company’s taxes. That’s exactly what Making Tax Digital is focused on, but – although it means altering some of your processes – this is a change for the better.

But before we get into the ‘why,’ let’s tackle the ‘what.’ If you’re unfamiliar with the concept of Making Tax Digital, it’s essentially a government initiative which is mandating the switch from paper-based tax systems to an entirely digital one. This already applies to VAT, and will in future be a requirement for income tax, self-employment tax and corporation tax.

Here at McIntyre Stuart, we’re Quickbooks Certified ProAdvisors and can bring you up to speed with Making Tax Digital in no time, ensuring you’re compliant with the regulations before they’re fully rolled out. Find out more about Making Tax Digital on our website, or read on for a summary of the benefits.

Streamlined record-keeping

The days of feeling as if you’re about to be buried under a mountain of paperwork are almost over. Digital records can’t be lost, damaged or destroyed like their paper counterparts, so are a lot more secure and are easier to access too.

Time saving

Making Tax Digital will save you a considerable amount of time, as the process of submitting tax returns and filing records is so much more straightforward. All you have to do is log into your account, and all of the information you need is at your fingertips.

Transparency

Thanks to Making Tax Digital, you’ll be able to access all your financial data wherever you are – provided you have an internet connection. Log into your account on your phone, laptop, tablet or work PC to view essential information securely and safely in seconds.

More accurate

Intelligent software prevents you from making mistakes which could have been very costly, saving you both time and money. You can wave goodbye to these avoidable mistakes with Making Tax Digital software or, for an even greater level of ease and convenience, choose a Quickbooks Certified accounting firm like McIntyre Stuart. Contact us today to find out how we can help your business.