Member Event: Simple Guides to Making Tax Digital, Cloud Accounting, Data and APIs

Simple Guides to Making Tax Digital, Cloud Accounting, Data and APIs

“HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world, modernising the tax system to make it more effective, more efficient and easier for customers to comply.”

Taken from the www.gov.uk/ website as at 15.8.19 (link here)

Did you know that from April 2019 Making Tax Digital (MTD) for Business systems will become mandatory to meet your VAT obligations?

This means that any entity, whether a sole trader, partnership, company, charity or landlord that makes VAT-able supplies above the VAT threshold (currently £85,000 turnover), will be required to submit their VAT return using functional compatible software that is compliant with HMRC’s new MTD reporting system. The Government’s main objective of MTD is to plug the £3.5bn gap that is generated by mistakes made on VAT returns whilst also saving time for both HMRC & taxpayers.

So the digital revolution is coming and it will affect you and your business, even if not right now, in the near future. Already we control our own personal accounts and finances online. We nearly all use online banking, credit checkers and perform BACS payments. Nearly all of us agree it does make our life easier and makes information quicker and easier to obtain. So why should we be treating our businesses any different?

Who is it for?

If you fall above the VAT registration threshold or will have done by April 2019; want to get ahead of the game or feel you just want to know more and ask questions of those who can advise you, then this is definitely the event for you.

Our informative and engaging specialists will help debunk the myths surrounding MTD and demystify Cloud Accounting, showing you how it works, what benefits it will bring to you and your business and how simple it can be to use.

Alongside this they will help you understand the new applications available to assist businesses manage and control their finances. There is a world of options and opportunities out there and our digital specialist will help identify a few and highlight their strengths and weaknesses and show you how to assess their suitability for your needs.

With demonstrations of different processes and software alongside the facts, our team hopes to present you with a fair and honest presentation of MTD, Could Accounting, Data and Business APIs.

Take this chance to get a great overview of the online financial revolution which can benefit your business and ask questions of our experts during and after the event.

Content

Agenda for the Day:

09:15-09:30 Registration, Tea, Coffee & Networking

09:30-09:40 Welcome, New Anglia Growth Hub, Who Are We and How Can We Help You (10 mins)*

09:40-10:20 Understanding Digital – Data and APIs (40 mins)*

10:20-11:00 Making Tax Digital (40 mins)*

11:00-11:15 Refreshment Break

11:15-11:30 Cloud Accounting Demonstration (30 mins)*

11:30-12:10 Cloud Applications (40 mins)*

12:10-12:30 Q&A (20 mins)*

12:30 Close

*This event will deliver 3 hours of information, diagnostic and brokerage (IDB*) delivery. This event is only able to be free due to ERDF Funding.