Making Tax Digital (MTD) means more admin for accountants and clients, alike. A significant challenge we discuss in our regular meetings with HMRC relates to helping small businesses cope with the increased workload.
As we’ve mentioned before, HMRC isn’t creating its own software for Making Tax Digital (MTD). Instead, they’re working closely with external solutions like Capium, which they’ve recognised as an MTD-ready solution to link into their systems. As a result, we’re in constant contact with HMRC, discussing compliance challenges and how software can address them.
This self-assessment season is truly like no other. I know it sounds dramatic, but it’s true – because the usual winter craziness comes just before the April 2019 Making Tax Digital (MTD) roll-out.
There’s no question that the introduction of Making Tax Digital (MTD) is changing the compliance landscape for accountants and their clients. And that means accountants are playing an even more important role in guiding businesses through the changes.