From April 2019, businesses with taxable turnover above the VAT registration threshold will be required to keep their records digitally and submit VAT returns using Making Tax Digital compatible software.
After launch of Making Tax Digital agent’s will be able to link their clients’ records directly to practice software using some of these tools, making it easier to access an accurate and up-to-date overview of the business when required.
When you are starting your own cab first of all you need to think if your plan comes under “self-employed”.
How To Get Rid Of Accounts, Books, Payroll…
First of all being past of SME ( Small and Medium Enterprise ) you should be proud of the fact that you are part of the segment which provide 70% of the jobs in the economy.