Prefer Paper Over Technology? MTD for Paper People
Self-employed and not keen on tech?
MTD is coming, and here’s what you can do about it.
If the thought of learning how to use another system of technology fills you with dread, you’re not alone. Although it’s easy to get the impression that everyone loves scrolling through social media, being on their phones and sitting at a computer screen these days, there are actually plenty of us who aren’t so keen.
You’re Not Alone
If you live in one of the areas of the UK which struggles with internet speed and connectivity, chances are it’s a real pain when something needs to be completed online. You’re in good company with anyone who has had the misfortune of being hacked or scammed, or has worries about security and privacy concerns. If you relate to any of this, it’s important that you keep reading, MTD is coming ready or not and HMRC don’t make allowances for the fact that your internet connection is dodgy, or that you’d rather use paper (oh, how I miss paper!).
There is a way through for you though, and we promise it is secure, easy, convenient and avoids you having to mess around with anything more than the odd email.
So, what is Making Tax Digital (MTD)?
MTD is a new tax return system which is gradually rolling out to businesses. By 2024 it will apply to any business with an annual income of over £10,000. It’s a pretty big deal as it’s the largest overhaul to the tax system in a long time. To be fully MTD compliant and avoid fines you will need to do the following:
- Complete 5 tax returns minimum per year.
- Keep digital records of your accounts.
- You will no longer be able to file directly through the HMRC website, instead you’ll have to buy special software.
Sounds like you’ll have to spend a lot of time learning new systems and worrying about making mistakes doesn’t it?
Unique Paper Option for MTD
If you sign up with us you won’t have to worry at all. At Mazuma we have been MTD ready for a good while now. We have created a unique postal option just for people like you. That’s right, no learning new systems and worrying about mistakes, no internet connectivity concerns and no uploading, downloading or anything of the sort. If you sign up with us you can pop your receipts and bank statements in our brilliant purple envelopes, stick them in the post box on your way out the door and we will do the rest!
How does it work?
- Save your receipts and print off your invoices and bank statements once a month
- Shove them in your purple envelope and pop them in the post
- We’ll receive them, digitise them all for you and complete your accounts monthly, submitting to HMRC with your sign-off whenever they are due.
If you do want to try out the tech, we also have our very own nifty app at no extra cost!
Mazuma is a true subscription service with no minimum contract time, you’ll be assigned your own dedicated accountant and unlike other MTD services bookkeeping is included. We are the only company to offer a unique no-tech option.
All this from just £32+VAT per month.
Instead of worrying that you’ll have to become some kind of technology genius, get sorted for MTD in plenty of time.
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