How to make your practice MTD-ready in 5 simple steps
Nomisma have created this resource to help your practice implement a smooth transition to MTD-compatible processes.
Making Tax Digital (MTD) poses a problem for accountants. By 1st April 2019, we must ensure that all VAT registered clients with a turnover above the £85,000 VAT threshold, submit their VAT returns to HMRC, digitally.
With further tax returns mandated for 2020, the switch to online accounting software is upon us.
Managing this migration on top of the day-to-day workload can seem a daunting task. There is a lot of noise surrounding MTD and the mass of information can be overwhelming.
Nomisma understand the implications MTD will have on small accountancy firms and have created this eBook to help guide you through the process. We have sorted through the plethora of MTD content and have condensed the information into five easy steps:
- Educating your team
- Planning the switch to MTD-compatible software
- The benefits MTD will bring your clients
- How to communicate the change with your clients
- How to ensure your clients are sufficiently trained in the new software
If you would like to learn more about how your practice can get MTD-ready in five easy steps, follow this link to download our free guide.