Funded Making Tax Digital Training for Farmers
Making Tax Digital Training Places for LHP Clients
All VAT registered businesses (with any turnover) need to be ready for Making Tax Digital (MTD) for VAT from April 2022. You will all be expected to record and report everything digitally and make all VAT returns and filings online through a cloud software package. At LHP we’re here to help clients (including new farming clients) with the switch to making tax digital. We recommend Xero to all farmers as we believe that the ease of use and the reporting functionality is most suitable.
We’re currently offering Making Tax Digital training sessions throughout October and November to LHP clients, fully funded to Farming Connect members through the Farming Connect ICT programme. The training sessions will:
- set you up on Xero accounting software
- provide a Dext account which assists with invoice data capture – full training provided
- help you with sales invoice preparation
- guide you through preparing VAT returns
- assist with bank reconciliation
There is an affordable annual software subscription cost for Xero and Dext, available on request These courses will be provided digitally and are up to 3 hours long. A minimum of 3 businesses will attend each session. Due to limited spaces, please reserve your place as it will be first come first serve.
If you are a farming client at LHP and you have not yet switched to Making Tax Digital, get in touch to book your place. If you are interested in switching to LHP accountants for the excellent agriculture advice and support including help making the switch to Making Tax Digital, let’s talk.