Demand for digital Tax advice
Research by HMRC has shown that the demand for digital tax advice has increased following a survey of 2,900 small businesses and landlords.
With the majority of small businesses and landlords expecting to consult an accountant in order to comply with Making Tax Digital.
Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs – meaning the end of the annual tax return for millions.
Of those 2,900 surveyed, 72% will ask an accountant for advice, 15% will use the HMRC website, 13% will use the HMRC helpline with others saying they will ask family and friends first.
If you’re considering changing your accounting software or currently use a manual system you will need to check your chosen method will meet MTD requirements.
We work with a number of different accounting software from Xero, to Quick Books and Sage. If you want to know more about Making Tax Digital and how it will affect you, get in touch with our Tax team on 0161 249 5040.