Prepare for Making Tax Digital -MTD, of 01-April-19 will soon be upon us. HMRC have started sending out nudge letters to VAT registered businesses. We have already registered our own clients with HMRC and migrated them over to our preferred platform of choice, Xero.
Here at Pro Active Resolutions we’d love to share our expertise and knowledge to help you on your digital journey.
Making Tax Digital
Moving to Xero makes sure that you keep up with your compliance obligations. As well as, it being a great opportunity to streamline your accounting and business management. Along with, getting MTD compliant, it provides a great opportunity and reason to review. Also, if necessary, make your current accounting and business systems fit for purpose. Software, such as Xero makes record keeping more efficient. As well as, giving the ability for processes and systems to be automated and streamlined. Along with, gaining more financial insight into your business, and your business will be MTD compliant.
The words of Bill Gates, spring to mind
“The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.”
Speak to us to help you make that transition from whatever system you are using at present, whether its paper based, spreadsheet or other. If you wish you can maintain a history of transactions, introduce more efficiency and automation in processes and get ongoing support then talk to us.
Cloud accounting platforms like Xero plays an important part in achieving efficiency gains. When we implement Xero for clients, we also look at how they currently work, and help them to look at new ways of working, and to achieve greater efficiency, time savings and profits.
Get in touch with us to find out more about how we can help you with Making Tax Digital. For more business and finance , news, advice and tips, don’t forget to watch our weekly broadcasts, listen to our weekly podcast I Hate Numbers.