- MTD compliant
- Optimise accounting software
- Save time
How will this impact my business?
It depends on how you currently prepare your records
- If you are using spreadsheets you will need to transfer over to MTD compliant accounting software. Spreadsheets alone are not MTD compliant.
- There are over 150 accounting software available, but you will need to make sure the one you are using is MTD compliant.
- From April 2020, HMRC will issue penalties to businesses that are not compliant.
What are the benefits of MTD?
Opportunity to review your systems and process
- Using accounting software can be seen as a real competitive advantage. Machine learning and additional connecting software will give you the ability to report on real-time information.
- Connecting bank feeds and other apps will automate processes efficiently and will free up your time so you can run your business.
What should I do now?
Make sure that you are compliant
- If you're not using accounting software then transfer over as soon as possible. We can help you with this making sure it's a smooth transition.
- If you're on accounting software then make sure that it is MTD compliant and ready to use. If you are unsure, please contact us and we can let you know.
- Once on accounting software always make sure that you are using the most up to date version.
"I have always found everyone that I have dealt with at Caldwell Penn to be knowledgeable, friendly and responsive. I would recommend anyone looking for tax or accounting advice to seriously consider Caldwell Penn."
Tim Ward, Cityward Limited
"We have used Caldwell Penn for over 10 years. Their service is always faultless and they are a valued member of the team, enabling us to concentrate on our business with the confidence to know that the accounting function is in safe hands."
TONY BINNIE, Brockwell Group Limited
"Personally, I find everyone at the firm extremely helpful, patient and always completely professional"
Andy McStravick, McStravick Consulting Limited
"The team at Caldwell Penn take care of our accounts and payroll so that we can focus on our core business objectives. Their Bramley office is in a great out of town location with easy access and free parking. Caldwell penn didn't hesitate in assisting with a reference for our companies recent AIPP accreditation. A professional and friendly service above and beyond expectation. We wouldn't hesitate in recommending Caldwell Penn again and again!"
Elliott Ward, The Again Group Ltd
"The team at Caldwell Penn provide an indispensable service to our Club. Their advice in completing year end accounts is practical, responsive and approachable. Their audit service is always professional and supportive, giving both the Club members and Committee great benefit. We would thoroughly recommend this firm."
Godalming Naval Club
"I cannot recommend Mark and the team at Caldwell Penn highly enough. As a small business owner, what I need is great advice and high quality of work delivered when I need it, and they deliver this every time."
Jon Horton, Shorton Property LLP
"Caldwell Penn helped to set up my first business in 2010, initially as a Sole Trader, then as a Limited Company and this year advised on the structure of a second company with all the joys of VAT and payroll to contend with. Knowing that Mark and the team manage our accounts and tax allows us to do our job and grow the business. I would happily recommend their professional and friendly service to any start-up or growing business and being local is a real bonus."
Kevin Kingham, UK Lanyard Makers Ltd
"Caldwell Penn have become an essential arm of our business. They provide a very personal service and are very proactive and forward-thinking in their advice. Most importantly, they are great at chasing us for our personal tax return information!"
Lori Clarke, Propitas Building & Project Consultants Limited
"Caldwell Penn feels like a family who care about you."
"I have been hugely impressed with the team at Caldwell Penn from my very first meeting. The swiftness of responses to any queries never ceases to amaze; I have always been treated with enormous respect despite, no doubt, often asking highly ignorant questions given my very primitive understanding of tax.Their friendly help and guidance has enabled me to get my tax affairs suitably organised and I sleep more soundly at night knowing I am in safe hands, not to mention better off. I would recommend them to anyone."
Thomas Hobbs, Thomas Hobbs Tenor Ltd
Frequently asked questions
Caldwell Penn accountancy services
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