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Making Tax Digital

In April 2019, government take new initiative of Making Tax Digital (MTD) means that your business will need to use compliant software to record and submit your finances to HMRC, or you’ll need an accountant or bookkeeper to do it for you. Failing to do so could result in penalties from HMRC.

Take our free, 30-Minutes consultation to receive a customised action plan for your Accountancy Practice. We can provide:-

  • Assistance with software selection
  • Advice on segmenting your clients
  • Qualified and trained staff and certified in QuickBooks and Xero
  • Help with moving clients to the cloud
  • Customised pricing plan to suit your practice

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Making Tax Digital

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How Collab Will Help?

Collab will provide skilled accountants on a dedicated and ad-hoc basis to help you meet the requirements of Making Tax Digital without increasing headcount. This removes the recruitment and retention issues and frees up your time to focus on higher core values and more challenging jobs. Collab can help your practice adapt MTD technology in the following ways:

  • Your MTD Compliant Software

If you have already purchased ‘functional compatible software’, we will provide staff to help with digital recordkeeping and the review and filing of quarterly VAT returns

  • Collab MTD Compliant Software

If you don’t own ‘functional compatible software’, we will provide staff and an HMRC approved free* MTD compliant software for quarterly VAT return filing and digital record keeping.

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