Staying on top of Making Tax Digital in the coming decade requires a new way of thinking about clients, and how you serve them. This MTD survival guide outlines steps to become a digital-first practice and how to adapt to compliance change.
With the MTD for VAT changes in 2022 and MTD for income tax commencing in 2023, now is the right time to ensure your practice and your clients are prepared for the death of the annual tax return. This practice survival guide includes all the key dates your firm needs to be aware of to ensure you are prepared on time and explains key terms such as 'what is a digital link'. The guide also covers the journey to perfect practice readiness and addresses the key questions you need to ask yourself about your firm and your clients.