Making Tax Digital

When and How to Respond

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Making Tax Digital for Business

Making Tax Digital for Business (MTDfb) is a government initiative and it’s been put in place according to HM Revenue & Customs (HMRC) to make it easier for you and your clients to manage and pay taxes – you can read more here.

When to respond?

Undoubtedly, the time to respond is now. And that’s because responding in the right way is going to take some time to get right. The last thing you or your customers want is leaving this to the very last minute, forced to do something in a rushed, pressured manner.

Becoming an MTD-ready firm - A suggested implementation timeline looks like this:

  1. Respond to MTDfb and make the decision to launch your mobile App.
  2. Appoint MyFirmsApp (our average design, build & launch takes 6 – 8 weeks).
  3. Start to educate your customers on what’s happened / happening around MTD using our resource pack that includes pre-written materials such as emails, blogs and resources. (Runs over 3 months’ drip feeding education).
  4. On-board your customers using the MyFirmsApp automatic on-boarding and training solution (Runs over 3 months’ drip feeding education).

How to respond?

Over the past 18 months, MyFirmsApp has been working closely with HMRC to ensure that you remain the trusted advisor in this new digital and mobile world; to provide you with a proven, compliant solution that’s simple, intuitive and easy to use, with everything required in one App, one place, and in your brand.

This is combined with a roll-out support programme to ensure that all the on-boarding challenges and training of all your clients is fully automated and has full support in place to help and guide your business through the process peacefully and professionally.

The result? MTDfb isn’t something you have to worry about, instead you can turn your attention on how to turn this into a positive for your firm, your clients and your combined futures.

In our view, the very best way to get the summary data is to use a single App in your brand (we make the App look and feel like your creation, matching your branding and logo). An App that’s HMRC compliant and approved, that sits on their device (phone or tablet) in your brand, gathering all this critical summary data automatically, solving painlessly the challenge of digital record keeping, and removing the requirement for *Excel spreadsheets and the need to consistently chase clients for data.

One App, One Place, Your Brand