Making Tax Digital

Making Tax Digital

If your business turns over more than £85,000 annually you need to submit your VAT returns digitally. This can be an added time burden, when you would rather be focussed on growing your business. We can help guide you through the process and make sure you comply with the making tax digital regulations.

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What you need to know

We can work with you to prepare your returns under Making Tax Digital. We understand that some businesses prefer to maintain their records on excel. There is no need to move away from spreadsheets as you can submit your VAT returns using bridging software or we can guide and support you as you make the move onto MTD-compliant software. As small business owners ourselves, we understand what is required to manage your business records digitally. 

The self-employed and landlords can sign up for a pilot scheme to submit digital tax returns. We can help maintain your records digitally and send Income tax updates to HMRC instead of filing a Self-Assessment tax return. This is not currently compulsory but will in the near future.

01 Software

We can advise you about MTD-compliant software such as Xero to help make managing your accounting records easy, wherever you are

02 Record Keeping

We offer training on MTD-compliant software such as Xero, QuickBooks, Sage or Kashflow

03 Management

We can take over maintaining your records on a monthly or quarterly basis and prepare your MTD VAT return

Why Choose CPM Accountants?

Xero Certified

Free Consultation

20 Years Experience

AAT Licenced Member

Have had my tax return done for the last few years and always had it done promptly, minimum fuss and been very helpful.

Wentworth Plumbing & Heating

Making Tax Digital - Testimonial
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