There is still time to get help with MTD for VAT

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There is still time to get help with MTD for VAT

Mar 29, 2022

To make things as simple as possible we have put together several packages to ensure you are being MTD compliant depending on your specific needs. From a simple licence package, right the way up to an all-in package which includes taking care of all your bookkeeping needs.

The MTD packages we offer are noted below, however, if one of them doesn’t suit your needs please do get in touch to see if a bespoke package is more suited to you.

Bronze package

We can provide a QuickBooks licence which is an MTD complaint software for you to use to send your VAT returns to HMRC digitally. With this package you would do your own bookkeeping.

Silver package

For those looking for a bit more assistance, the silver package offers the QuickBooks licence as per the bronze package however we also provide two hours of support each month. This could be one off training on something you are not as competent in; checks to go over your systems to make sure everything is running as smoothly as possible or general pointers to save you time. As per the bronze package you will also do your own Bookkeeping.

Gold package

This is our all-in package, not only do we offer the QuickBooks licence and provide support but with the gold package we will do your Bookkeeping as well.

Tech package

This is our training package, perhaps you are already set up for MTD or you are happy to manage it yourself but just need a little extra guidance, our QuickBooks ProAdvisor can provide training to ensure you are getting the most out of QuickBooks. This training will ultimately save you time by fully understanding the software and how it can work most efficiently with your VAT reporting needs. This could be on an adhoc basis, a one off or perhaps you want something more regular to ensure you are always up to date.

Whatever stage you are at, be it you haven’t even started thinking about MTD or you already have QuickBooks but you haven’t quite got your head round it, our packages can be tailored to your needs.

If you are interested in learning how our packages could assist you then please initially drop us a message below or send us an email to admin@booksandbusiness.co.uk with all your details and we will be in touch to discuss how we can help.

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Plans for ID verification from Companies House

by PH186232 • 22 Oct, 2024

Starting in early 2025, Companies House will begin rolling out new identity verification requirements for company directors and persons with significant control (PSCs). This means that, in the future, before filing information on the Companies House register, directors will need to prove their identity. This change is designed to reduce fraud and improve transparency. The reforms are part of the Economic Crime and Corporate Transparency Act 2023, which aims to combat fraudulent activity. As part of these reforms, accountancy firms and solicitors registered for anti-money laundering (AML) supervision will be among the first required to comply, starting in early 2025. By spring 2025, accountants and other professional service providers, who are registered for AML supervision, will be able to become authorised corporate service providers (ACSPs). This means they’ll be able to help clients verify their identities and pass that information on to Companies House. By autumn 2025, these new ID verification requirements will be mandatory for new directors and PSCs when setting up a company or making new appointments. If your business already exists, you will have a 12-month transition period until autumn 2026 to ensure your directors and PSCs comply with these requirements when your next confirmation statement is due. This is a significant change, therefore it’s important to stay ahead of these requirements to avoid any disruptions to your business.