Xero, Bridging Software And Making Tax Digital
MTD for VAT is now compulsory ...
POSTED BY ALISON MEAD ON 08/04/2019 @ 8:00AM
Xero has announced their bridging software feature is now live within Xero's Making Tax Digital for VAT solution ...
If you're still using spreadsheets to produce your VAT return, Xero's bridging software could be the solution you're looking for!
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Accountants and bookkeepers will have access to this system automatically and business owners should get in touch with me for further details.
"Making Tax Digital (MTD) is now compulsory for VAT registered business with a turnover above £85,000!"
There are over a million businesses affected by MTD for VAT and many accountants and bookkeepers have been struggling to get their clients into MTD compatible software such as Xero. So, businesses who rely on spreadsheets can now have their VAT figures uploaded directly into Xero where MTD returns can be submitted securely and on time each and every quarter.
As well as ensuring compliance, Xero's suite of MTD-ready products has built-in functionalities that will save you precious time when it comes to VAT. Features include:
Knowing which VAT Returns are due
Keeping a history of the VAT Returns that have been filed
Calculating how much VAT is due
Posting VAT Returns in real time
Identifying the method of payment
If you'd like to find out more about Xero, Bridging Software and Making Tax Digital then do give me a call on 01604 420057 or click here to ping me an email and let's see how I can help you.
Until next time ...
If anything I've written here resonates with you, why not visit www.siliconbullet.com to discover how we can help you with accounts and IT support?
Alison loves bookkeeping. She has been helping clients to be better bookkeepers in Sage 50 for over 22 years and has more recently added Xero Accreditation to her list of skills.
She specialises in a very unique hand-holding method of training, helping bookkeepers and business owners to use their accounts software as and when they need support in setting up and producing their invoices, reports and financial information.
Alison combines her role at Silicon Bullet with running two network marketing businesses and is also a Regional Leader for 4Networking as she likes to keep busy.
You know what they say, if you want something done well ask a busy person!