Getting Your Business Ready for Making Tax Digital
Making Tax Digital for Income Tax is changing how many sole traders and landlords keep records and report information to HMRC. Mack & Co can help you understand when the rules may apply to you, choose a practical digital record-keeping approach and prepare for the transition.
- The rules for Making Tax Digital are being introduced in stages and may change over time. It is important to check the latest HMRC guidance or speak to a professional adviser about your own circumstances.
What Making Tax Digital Means in Practice
Digital Record Keeping
Many businesses will need to keep digital records and send information to HMRC electronically, often using accounting software. Mack & Co can help you understand what this may mean for your business and how to keep things practical.
Choosing Accounting Software
We can talk through the options for accounting software, how it fits with your existing records and what level of support you may need. The right approach will depend on your business and how you prefer to work.
Practical Support from Harry
Working directly with Harry Mack CA, you can discuss how Making Tax Digital may affect you, what changes are sensible now and what can wait until closer to your own start date.