How exciting! Powered Now was featured in the November 2018 EasyJet magazine. If you missed it, here is what is said. If you spotted it, take a picture of yourself with it and send it over!
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In the trade business, mistakes can cost a lot of money. While you probably do a great job it’s all too easy to miss things related to administration and good business practice. This can be particularly true in areas where you don’t enjoy the work so much, such as paperwork and selling. In this article I look at some of the mistakes and omissions that can so easily be made.
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There is now a lot of MTD Software available at various price points. It ranges from accounting software which will do your accounts as well as submit MTD returns, to software designed to help you run your business and which is special to your industry but which will also do your MTD VAT return.
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The deadline applies to most VAT registered businesses although you do not currently have to comply if you have voluntarily registered and are below the VAT threshold of £85,000 sales per annum.
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The biggest problem with the MTD for VAT implementation is the short time in which this is expected to happen. There is a big chance that companies supplying solutions will be overwhelmed by the demand for help in the available time.
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Although it’s easy to be cynical, there are likely to be benefits to businesses using the MTD platform, alongside of the pain of implementing a new system.
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