The latest of our series of MTD seminars was held at the March office last night. This was well attended and gave clients an overview of MTD and what it means for them.
The presentation was followed by a Xero demonstration, which highlighted the benefits of moving to a cloud based package over and above MTD compliance. For example, having current management information to aid decision making, multi-user access making it easier for us to give advice, the availability of bank transactions on a day to day basis and so on.
Whilst it is easy to see MTD as a burden, it was emphasised that it should be seen as an opportunity to review current systems and make changes that will improve business operations.
The overriding message of the seminar was that MTD is on the horizon and action needs to be taken sooner rather than later. We are on hand to help and are currently helping clients with a MTD “health check” to tailor an MTD solution for them. Please get in touch with your usual Whiting & Partners contact to take advantage of this.
At the start of the seminar, MTD was referred to as “Making Tax Difficult”. At the end it was much clearer that by working together, MTD is “Making Tax Doable”!
Our final MTD seminar is at Memorial Hall in Newmarket on 10 May at 6pm. Please e-mail firstname.lastname@example.org to book your place.