The way tax is collected is changing. HMRC’s Making Tax Digital will bring the biggest change to the administration of tax since the invention of PAYE. It will change how businesses maintain their accountancy records and report their income to HMRC. Businesses (including self-employed and landlords) will be able to keep records of their income and expenditure digitally and send summary updates quarterly to HMRC. This change will involve the use of cloud-based accountancy software. Embracing this change, we are proud to act as QuickBooks agents. The software will allow us to have a real-time collaborative relationship with our clients.
For further information on Make Tax Digital, please download our fact sheet: