The Making Tax Digital deadline slowly but surely is getting closer and it is vital your business gets ready in time. Rather than wait until the last minute and put your business under more pressure, let Maynard Johns Chartered accountants support you now in adopting digital accounting software.

From 6 April 2024, ALL self-employed businesses and landlords with annual business or property income above £10,000 will need to follow new Making Tax Digital rules. This will apply from their next accounting period starting on or after 6 April 2024.

We recommend getting ready as soon as possible for when the Making Tax Digital initiative is implemented. In addition to having to get this in place to comply with legislation, there are many benefits to reporting your accounts regardless. Get in touch and get started as soon as possible.

One of the key benefits of Quickbooks accounting software is the reduction in human error, an all too often occurrence! Quickbooks is a cost-effective solution that vastly reduces errors and thereby saves time trying to resolve issues when entering data manually.

When you need to see any financial information, this can be seen instantly in real-time via the software. You can immediately see completed and outstanding transactions putting you fully in control.

Accounting with Quickbooks has many benefits for your business, including:

• Invoice management
• VAT calculations and submissions
• Automatic bank reconciliation
• Tracking income and expenditure
• Inventory tracking
• Insights and reports
• A mobile app to manage your accounts on the go