If your circumstances change and you are no longer self-employed or meet any other Self-assessment criteria, you must inform HMRC as soon as possible. Otherwise, they’ll still expect you to file a Self Assessment tax return.
Has my rebate been paid yet, Has my rebate been paid yet, Has my rebate been paid yet?
MTD for Income Tax for Self-Assessment (ITSA) will replace the annual Self-Assessment tax return.
With the Making Tax Digital introduction fast approaching, a complete overhaul of the U.K. tax system will soon be upon us.
Shh…Reminders!
Making Tax Digital penalties announced.
All our current client’s fall under the MTD threshold and will be required to submit 5 returns per year.
If you do not already have a business bank account and MTD compliant accounting software such as QuickBooks, you must start to prepare for MTD now.
We have a number of hugely discounted QuickBooks Licenses available.
We also have an additional option to include our MTD ready QB automation package, which will take care of 90% of your admin and help reduce your overall costs.
The MTD changes are expected to cost all taxpayers approximately £400-£500 in accounting software fees and additional accountants fees.
We will be striving to keep our fees to a competitive minimum. Thanks to our partnership with QuickBooks, we can offer discounts of up to £150 Annually depending on your businesses requirements.
The Quickbooks essentials package, which is recommended to meet the requirements of 90% of all clients currently retails at £240, and this is expected to rise once MTD is a legal requirement.
Please get in touch with us to secure a heavily discounted package subject to availability.
bit.ly/QB-Pricing
bit.ly/NJB-Starling-Referral
We recommend QuickBooks over the competitors as it includes a mileage tracker and several other features that its competitors don’t.
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