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The new regulations for digital record keeping may seem like a long way away but the first businesses to come under the new regime are those whose turnover is over the VAT threshold (£85,000) AND who are VAT registered.
They will have to submit the 9 figures on their VAT returns to HMRC using online software as from 1 April 2019. That means getting online, if you are not already, with a starting date a full year ahead of the deadline. Any problems and training issues can be addressed well before the deadline – stress-free!
I am also working hard with my sole trader clients at the moment, offering them the opportunity to move to Quickbooks well before the anticipated date of April 2020. There are benefits to an early move to software – easy access to your own business figures, keeping up to date with your books, rather than leaving it all to the end of the year (or worse – the end of January!) and being part of the movement towards a more modern way of doing business – it’s the way forward. Training and support is provided.
Call or email me for more information.