Making Tax Digital

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Making Tax Digital – is making the headlines lately. It is noteable that VAT transitioned to MTD without big problems to businesses. Despite all the gloom-sayers, it is our prediction that the world will keep turning after MTD for sole traders is introduced. It seems likely that quarterly reporting of sole traders figures will be needed after April 2023. If you are a sole trader and don’t already use an online bookkeeping system, now is the time to start to look into this. The online systems, especially Xero, work extremely well.