Making Tax Digital

Helping you get ready for Making Tax Digital

Making Tax Digital, or MTD for short, is a significant change in tax legislation introduced to change the way accounting records are maintained and increase the frequency of reporting to HMRC. The new MTD rules affect all dental practices and dental professionals, but our team of expert dental accountants are here to make sure adapting to these changes is an easy and hassle-free process for you.

The changes brought in through MTD mean that by law, accounting records must be maintained in a digital format. Business income and expenditure will need to be submitted to HMRC quarterly, and at the end of the financial year, annual accounts will have to be prepared and a final submission made to HMRC along with an annual Tax Return.

Our Cloud Solutions

As part of our service, we’ll get you set up on our cloud accounting app which allows you to easily submit expenses, digitally sign documents, receive alerts and notifications and more, to ensure your records are always up to date and securely backed up.

You’ll also be able to access reports and see your profits at any time, from anywhere, allowing you to plan your finances in advance.