Making Tax Digital – what do I need to do?

1.) If your current Software Package is;
– Sage 50C on Subscription
– Sage Cloud (One)
– Xero
– Quickbooks

You do not have to do anything. Your software will most likely be compatible. Most cloud software platforms are already compatible. You also have the choice to speak to your Baldwins accountant to deliver the service for you as our systems are fully integrated to the above platforms with direct integration to our MTD module.

2.) If your current package is bespoke and an older version of Sage 50 Desktop!

Baldwins can assist you by getting an MTD tool from Sage which will be available on subscription at £25 per month. This will be required from April 2019 if you are above the VAT threshold. We will need to purchase cover from Sage as the tool is offered to clients on cover. Your accountant can assist as Baldwins is one of the few suppliers that can still sell Sage (Cover annual and cash value for software without going into a subscription contract.)

Your second option is to go on subscription. Please speak to your accountant for the best option for you. We can do you your MTD submission. We can use our MTD compliant platform and submit on your behalf.

3.) Baldwins are my bookkeeping/outsourcing partner. Baldwins do all my bookkeeping and submissions already.

Nothing will change. We are ready for MTD and your accountant will do the submissions on MTD compliant software on your behalf.

Baldwins MTD Capability – Summarised.

We can accommodate the below scenarios for our clients which allows us to act for clients on many software packages:

  • Bookkeeping software i.e. Xero, QBO, Twinfield, Exact, Sage Cloud, etc. direct integration to MTD Module. Client can self-submit or we can submit on their behalf.
  • Accounts Production for on premise imports like Sage50. If Baldwins historically did your annual accounts submission from backup, the chances are we have your software package licensed for internal use and we can import data into our systems to do MTD submission. We can also give clients accurate information on what systems they need to add to their current software package or if an upgrade is required.
  • CSV File / Webpage upload of Excel/CSV data. If the current data is in Excel or software not mentioned above, chances are you can extract your reports in an Excel or CSV format. We can import the data or upload via portal and submit MTD returns on your behalf.

Please speak to your local accountant or complete our contact form and we will get back to you within 2 working days. We have invested in systems to make sure all our clients have assistance with MTD whether it is software or services. We have solutions from software suppliers which are not available to the general market.

Contact us here