EP178 - MTD Quarter One Is Done…So How Did It Go?
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EP178 - MTD Quarter One Is Done…So How Did It Go?
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Well... that was fun 😂
The first quarter of Making Tax Digital for Income Tax is behind us, and now seems like a pretty good time to ask:
How did it actually go?
In EP178 of The 3Bz Podcast, I'm looking back at MTD Q1 and more importantly, what business owners can learn from it before doing it all over again for Q2.
Was your bookkeeping already up to date and the whole thing relatively painless?
Or were you chasing receipts, answering months of bookkeeping queries and promising yourself you'd definitely be more organised next quarter?
We're talking about what Q1 may have exposed in your bookkeeping, why quarterly updates aren't mini tax returns, the systems and habits that can make Q2 easier and why MTD can actually give you something useful beyond another HMRC deadline.
Yes. I said MTD could be useful.
I know.
🎧 Listen to EP178 now on your usual podcast platform.
And if Q1 made you realise your current bookkeeping setup simply isn't working, don't repeat the same process for Q2.
👉 Send me a DM on Instagram with MTD and let's have a chat about getting your bookkeeping working properly throughout the year: https://www.instagram.com/abcs.uk
Because your business deserves better than a quarterly panic.