The Journey That Is MTD

27th March 2018

 

It is great to see W&P continuing to actively communicate the requirements and challenges of MTD to clients and prospective clients, and this proactive stance should continue throughout the transition to MTD and beyond.

The greatest challenge for us in this communication process is the ‘clarity of the message’ we deliver.  What does this mean?

 

A Brief Background

Well, the journey that is MTD started some time ago as we all know.  As Accountant’s, we have travelled through a number of chapters already with different Firms having very different reactions; the ‘It Will Never Happen’ chapter, the ‘I’m Going to Pretend It’s Not Happening’ chapter, the ‘That’s It, I’m Going to Retire Chapter’, and so on.  By design and not by accident, W&P have seen the opportunities presented by MTD and identified a role in supporting businesses ‘meet and beat’ the challenges they face.

 

Where Are We Now

With the MTD journey well underway, as a Firm we are changing.  We are now helping clients select and implement Accounting Software solutions, and in many cases, increasing our service offering to include outsourced bookkeeping, monthly reporting and regular management accounts.  And this is great, we are meeting clients’ needs in a professional and timely fashion.

 

What Is The Current Message

In a nutshell ‘Lot’s Achieved and Very Much Still To Do’.

The message to readers needs to be clear, concise and evolutionary.  We should aim to:

  • Progressively educate the reader
  • Move the MTD Message Forward
  • Give a summary Update on Latest MTD Legislation
  • Emphasise our specialist knowledge of the subject
  • Highlight the fact we are here and ready to help
  • Offer our FREE One-hour MTD Healthcheck visit
  • Emphasise we have solutions for clients specific needs
  • Talk about the Firm’s recent experiences and achievements
  • Emphasise our expanding range of business services in support of MTD
  • Offer implementation and support for proven Accounting Software Solutions

 

Things to avoid:

  • Too much technical detail
  • Confusing messages
  • Professional jargon rather than plain English

 



 
Other items in Blogs
 
Ian Piper
24th September 2020 Corporation Tax due soon: Not necessarily.

Companies with 31 December 2019 year ends will be due to pay their corporation tax on 1 October 2020. If that company is expecting to suffer a loss during the 2020 financial year, perhaps due to COVID-19 related reasons, it should be possible to carry that loss back one year and claim a refund of…

Read More »

Ruth Pearson
17th September 2020 Fuel Rates From September 2020

HMRC have updated the latest company car advisory fuel rates. These rates apply from 1 September 2020.   The guidance states that you can use either the previous or current rates, for up to one month from the date the new rules apply.   The new rates per mile are below: Engine size Petrol LPG…

Read More »

Robert Baxter
16th September 2020 Redundancy Pay & Payment in Lieu of Notice (PILON)

HMRC have introduced legislation which ensures employee’s statutory rights, including redundancy pay and payment in lieu on notice (PILON), are based on an employee’s normal pay and not their furlough pay.   Redundancy pay   An employee is entitled to redundancy pay if they have been working for their current employer for 2 years or…

Read More »

Ruth Pearson
15th September 2020 Coronavirus Job Retention Scheme and the Job Retention Bonus

We are halfway through September and this month sees one of the biggest changes to the current Coronavirus Job Retention Scheme (CJRS). Employers now pay 10% of furloughed employees’ wages to make up 80% of their total wages up to a cap of £2,500, with the wage cap being proportional to the hours not worked.…

Read More »

Richard Alecock
10th September 2020 Self Assessment Deadlines

Two self assessment deadlines are approaching:   5th October 2020 For those individuals who have not previously completed a tax return you will need to report to HMRC a liability for 2019/20.   31st October 2020 For those individuals who have previously submitted ‘paper’ self assessment tax returns, the deadline for the 2019/20 return is…

Read More »

Jaimie King
4th September 2020 New charity register

The Charity Commission has launched a new public register for charities – making information more transparent.   Using the below link, anyone can search for details of a charity which includes data such as financials, who the trustees are, and whether the charity fundraises from the public.   The Charity Commission wants members of the…

Read More »