FOR EVERYBODY

The biggest issue facing self employed and business at the moment is…

Making Tax Digital

No business, big or small, sole trader or retired landlord will be exempt.

MTD

There are always new and important things popping up to suprise and take us unawares.
HMRC are specialists at this, so here at MGA we make sure that we keep you as up to date as we can about things that will impact you and your business.

Making Tax Digital is here.

Since its launch on 1st April 2019, businesses are now mandated to submit their VAT returns digitally via MTD-ready software

 

decal
MTD So what does Making Tax Digital (MTD) mean for you... HMRC will soon only be accepting accounts, tax and VAT returns electronically. Some VAT returns are already required digitally and soon it will be all VAT returns as well as quarterly accounts and tax returns …so what have you got to do?
Simple answer, contact us for a chat, explain what you need and we will set you up with a suitable software package, show you how to do the few bits you will need to do, and then we do the rest…click the button below, and we will get you started.

FROM AS
LITTLE AS
£4/month*
(*first 6 months then £8/month)

CONTACT
More Detail...5 things we want to tell you...
  1. Using MGA's platform and licences is substantially cheaper than subscribing for the software yourself.
  2. Using Quickbooks Online and Receipt Bank will mean that all you need to do for your book keeping is take photos of your receipts on your phone and send them direct to Receipt Bank. You don’t even have to keep hard copies of your receipts for HMRC as it's all saved electronically. We do everything else – training will be provided for this.
  3. Reconciling your bank account on a regular basis is critical. When you get to the year-end, if your bank doesn't reconcile your accounts will be wrong. You could end up paying too much tax because you’ve missed tax allowable expenses. Or you risk fines and penalties from the Tax Man because you've missed taxable income. Our you have to pay higher accountancy fees for the accountant to sort it out. So what we do is reconcile your bank every month.
  4. Reconciling your suppliers' and customers' accounts to your books means that you won't overpay your suppliers or not get paid by your customers. Regular reports on your key numbers means that you keep in touch with how things are going – well or not so well – in time to get things put right.
  5. With us preparing and filing your VAT, year end Accounts, Corporation Tax and dealing with the Tax Man takes the pressure off you – so you don't have to worry about that aspect of your business.