My Accounts Digital is an online accounting firm, working with small businesses across the UK. As part of our digital accountancy packages, we can include VAT returns for an additional £10 per month.
If you do not claim the right amount you could end up paying too much in tax. Or if you over claim this could result in fines and penalties from HMRC.
My Accounts Digital work with you to manage your VAT returns and ensure your business is complying with the current regulations. We can provide monthly or quarterly VAT returns – dependent upon the individual requirements of your business.
Our highly skilled accountants will prepare, review and submit all VAT returns no matter how complex they may be. We can submit these returns using a variety of schemes and with a varied range of frequencies. Whether you are a sole trader or a limited company - we can create an accounting package that suits your needs.
Using a digital accountancy service means you can send any documentation with just a few clicks – saving you time and hassle. You benefit from the freedom to focus on other areas of your business. Be safe in the knowledge that your VAT is being reclaimed accurately. Simplifying your VAT return process removes any risk or complications and ensures the process is conducted in line with HMRC regulations.
Making Tax Digital is a government initiative set out by HMRC. It will soon be mandatory for every business to become Making Tax Digital compliant. The purpose of this strategy is to make the process of getting tax affairs in order simpler for individuals and businesses.
In order to be compliant with these new requirements set by HMRC, businesses will be required to keep all records digitally. You must use digital accounting or bookkeeping software. My Accounts Digital will transform your accountancy processes into a digital format - making them far more effective and efficient.