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
 
Richard Alecock
13th January 2021 Information on local business grants from West Suffolk Council

Find out the up-to-date information on local business grants from West Suffolk Council during the COVID-19 pandemic:   COVID-19 support for business – grants (westsuffolk.gov.uk)

Read More »

Jonathan Moore
8th January 2021 New lockdown grants to support businesses and protect jobs

On 5th January 2021 the Chancellor announced new one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses through the new lockdown.   The one-off top-ups will be granted to closed businesses as follows:   £4,000 for businesses with a rateable value of £15,000 or under…

Read More »

Chris Kelly
8th January 2021 Wrongful Trading Liability Suspension – Renewed 26 November 2020

In March 2020 the Government temporarily suspended wrongful trading provisions until 30 September 2020.   The purpose of this measure had been to ensure that company directors could continue to operate during Covid-19 without worrying about becoming personally liable for wrongful trading.   On 26 November 2020, following the 2nd lock down, new legislation came…

Read More »

Jaimie King
4th January 2021 Coronavirus loan scheme deadline extended

On 17th December the government announced a further extension to the Coronavirus Business Interruption Scheme loans (CBILS) – meaning that businesses now have until 31st March 2021 (previously 31st January) to apply.   This welcome announcement means that more businesses will be able to enter the loan scheme, benefitting from the needed funds during these…

Read More »

Nick Edgley
18th December 2020 Don’t miss 31 January deadline for filing your Self-Assessment Tax Return

The New Year is approaching and so is the deadline for filing your Self-Assessment Tax return – January 31, 2021.  Our tax experts can ensure everything is completed accurately and submitted on time.   If you need help or advice with your tax return or any other accounting or financial matters, please contact your local…

Read More »

Ian Piper
8th December 2020 BREXIT: Is your SME ready?

As 1-Jan-21 draws ever nearer what changes should your SME business prepare to adopt ready for Brexit: Exporting Goods to the EU  Despatches are renamed exports. Apply for an EORI number (which will look something like: GB123456789123). Check whether what you sell is a restricted good that requires an export licence. Check whether there are…

Read More »