Are you an Essex based company concerned with the HMRC move to Making Tax Digital?
Golding Accountancy are based in Essex and specialise in the smooth transition to the latest HMRC initiative to ensure individuals and businesses are prepared and comply in Making Tax Digital. We work closely with HMRC and Essex businesses to offer our strong accounting knowledge, experience, amazing customer service, invoicing, bank account integration and many other impressive services to ensure you and your business tax remain compliant.
Making Tax Digital is a UK government initiative that sets out a vision for the ‘end of the tax return’ and a ‘transformed tax system’ by 2020. HMRC state that the main goal of Making Tax Digital is to make tax administration more effective, more efficient and simpler for taxpayers. It represents a momentous change to the way in which taxpayers record their financial information and submit tax returns. Golding Accountancy can provide guidance on the key aspects of Making Tax Digital for businesses in the Essex area and beyond.
Making Tax Digital Essex for Business (MTDfB) sets out the government’s vision to modernise the UK’s tax system, with digital tax accounts set to replace tax returns for ten million individuals and five million small businesses. To aid the transition HMRC has introduced the Personal Tax Account (PTA) and Simple Assessment. Golding Accountancy are prepared to guide both individuals with PTAs and Essex businesses to digital tax accounts and ensure that financial details are correct and check their tax affairs in real time.
Taxpayers may make use of a PTA to make tax payments, provide bank details to HMRC for tax refund purposes and provide details of taxable benefits from employment: for example, the use of a company car etc. The government predicts that, over time, the requirement to complete and file a tax return will lessen for those with straightforward tax affairs. Anyone who misses the deadline are encouraged to contact HMRC in order to discuss their circumstances. Individuals who fail to do so may be subject to penalties. Start working with Golding Accountancy now to ensure you do not fall foul of changing digital tax legislation and deadlines.
Golding Accountancy specialise in the smooth transition to Making Tax Digital to make Essex businesses more efficient. HMRC is more vigilant than ever in clamping down on poor digital tax practices, so the use of modern, up-to-date cloud-based digital solutions which are of paramount importance among Essex companies who plan to comply with new digital tax regulations and timescales. Golding Accountancy also offer strong digital accounting knowledge, amazing customer service, access for unlimited users, invoicing, bank account integration and many other impressive features and support which blow competitors out of the water.
Feel free to call us to discuss making your Essex business fall in line with the governments Making Tax Digital Essex initiative. Simply arrange a meeting with us by calling or emailing us.
Phone: 01702 719116 or email: firstname.lastname@example.org
Contact us today for an initial free consultation.