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" Making Tax Digital will never happen!!!"

This was a comment made by another accountant about the move towards quarterly reporting from 2018 onwards. “My clients will never be ready.”

The four Fundations of Making Tax Digital...

Between 2018 and 2020 the UK is going to see some quite monumental changes to the way that tax is dealt with, both for individuals and businesses alike. The government is embracing ‘The digital age’ by introducing measures that take advantage of everything that is good about modern technology. In this case, that is mainly the speed and efficiency it allows for fundamental parts of our lives. For many (even us at times) tax is a huge drag. It is slow, sluggish and bureaucratic. By making tax digital, this could all be a thing of the past. We hope so anyway.

More on Making Tax Digital...

At Wood and Disney we consider ourselves to be a pretty progressive and modern firm. At least compared to most accountants anyway. From a digital standpoint, we know our website stands out from the crowd and we regularly update it with news and blog items that we think are important to our clients. We’re on top of social media too, consistently sharing across Twitter and Facebook, and on last count our app had over 2000 downloads. All in all, we think we are pretty savvy when it comes to digital matters. That’s pretty lucky when you consider the changes being made to tax.

 

Advice for Start-Ups-Part 7: output and input VAT, and VAT checklist...

Our first section Part 1: Taking the Plunge didn’t hold any punches when describing the difficulties of setting up a business.

Top 8 Reasons to embrace Cloud Accounting...

1. Available 24/7. Easy access anytime, anywhere with just an internet browser. No need to worry about which operating system you use to access your software. Accessible from your PC, laptop, Mac, tablet, iPad or any mobile phone.  In the office, on the move, at home or even on holiday, your financial information is always available to you.