As we approach nearly 30 years of Elsburys Accounting practice, it is fair to say that, not only has our own industry seen a vast amount of change, the whole world has, none more so than in the technological world. The way we work now compared to just a decade ago are almost like two different worlds. We can now effectively offer our clients a 24/7 service with the introduction of our new Accountant Go App, and so we felt a new fresh and modern look was in order for our business.
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Something here at Elsburys we are incredibly proud of is the amount of new businesses we have helped get started and remain clients of ours to this day. Having a practice with 30 years trading history in the books is something of real value to us and we are always happy to share that advice with any entrepreneur who is looking to get started.
Making Tax Digital, or more commonly known as MTD, is the first step by the Inland Revenue to make all tax related returns digital. This first, and so far, only new introduction is related to VAT, and is applicable to all VAT registered companies in the UK that turnover in excess of £85,000 per annum, the threshold for being VAT registered.