GoSimpleTax

AIA has teamed up with GoSimpleTax to provide a cost effective simple secure solution for digital recording giving accountants and other advisory practices helping hand with the transition into the digital age. 

  • 14day free trial
  • Low cost and none hidden
  • Partnership returns
  • Simple accountant’s dash board

Get SimpleBooks half price with the purchase of 10 Tax licenses.

About GoSimpleTax   

GoSimpleTax is jargon free Cloud based software, it completes all schedules apart from Lloyd’s underwriters and Members of parliament. It calculates the tax liability on an ongoing basis giving peace of mind and then files the self-assessment return quickly and simply.

Recording ongoing income and expenses on desktop or via our mobile App, which allows for the scanning of receipts and invoices. GoSimpleTax also gives hints and tips on savings and applies them easily.  Does multi returns and has a simple dashboard to access each client.   

About GoSimpleBooks

SimpleBooks is jargon free cloud based software, its features include quotes, Invoicing, income and expenses, Bank Reconciliation and VAT and all relevant reports. It has a management dashboard especially written for accountants it is presented after the accountant logs in. 

The dashboard allows for various functions to be performed including access the clients data as though they were logged in as the client user and control what the client can do.

Full transaction recording and adjustment processing can be used.

Simple reports and a live trial balance are present to allow review of data and identify items for further query.

GoSimpleTax

Our software is protected by the same 256 bit secure connections and systems used for online banking. We work closely with the FCA and HMRC and are innovated with our development.  We pride ourselves in ensuring the customer’s journey is simple but very effective for their business.

We have been developing software for 30 years and have 70,000 registered users. Our software has been development Jargon free giving accountants and other advisory practices a helping hand with the transition into the digital recording. We are first in the innovation of HMRC’s vision to be able to calculate and submit from a mobile device direct to HMRC.  We are ISO 9001 accredited.

Discount to AIA Members

GoSimpleTax offer discounts for all AIA Members,

Contact GoSimpleTax directly on 0161 413 5070 for your exclusive discount code and recieve 25% off.

GoSimple Blog

What Accountants Can Do To Prepare Their Clients For MTD

Many have called for a deferral on Making Tax Digital (MTD) for VAT, but with the due date impending, the chances are becoming increasingly improbable. A high volume of businesses are still not prepared, causing panic.
 
It’s likely you’ve had an influx of calls from clients requesting your expert help. You can secure the long-term success of your business by guaranteeing that they are organised and compliant. 

GoSimpleTax’s Technical Director, Mike Parkes, advises on the best ways to prepare your clients in time.

Recognise your clients’ needs

Depending on the nature of your services, you might be providing accounting help to a wide range of clients. Perhaps not all of these will be required to submit their VAT digitally, and so may seek your guidance on this. If you incorrectly advise that they do or don’t need to do so, this may not only lead to client dissatisfaction, but to non-compliance too.

Therefore, make sure you understand the exact criteria. The threshold for registering for VAT (and so needing to file digital records) is £85,000 for the 2019/20 tax year. Some taxpayers are exempt if they have a reason classed as legitimate by HMRC, such as being unable to use computers.

Be aware of how the digital path works

For those clients who are required to file VAT digitally, HMRC have stressed that this should be a completely digital path. It’s likely some will have already asked you if they can use spreadsheets.

HMRC have confirmed that these are accepted, providing digital links are in place. ‘Bridging software’ will be necessary to maintain the digital path. These are tools that can take information from a spreadsheet (or any in-house record-keeping system you may have in place) and send it digitally to HMRC in the format it requires for MTD.

Your clients may already use existing tools, and have a preference to continue doing so. Whichever software is chosen, guarantee that it’s MTD-compatible. You can quickly scan HMRC’s approved list of suppliers for verification.

Make sure software suits your clients

Compliance isn’t the only factor to consider when determining the best MTD for VAT software. You can ensure that you secure and retain clients by selecting tools that meet all their needs.

You’ll know that those seeking help with their accounts not only require advice, but less stress, time and money associated with the process. Therefore, guarantee there are functionalities like instant tax calculations and smartphone usability. This will allow them to update their finances as they go, and also know the amount of tax they owe at any time of the year. 

Register with HMRC 

Whilst you and your client will probably already have Government Gateway credentials for submitting VAT returns to HMRC, you will still need to follow these steps: 

1. Create your new agent services account  

This will involve creating a new Gateway account for your practice. The HMRC video gives a good overview of the process. 

Once created, you will be able to access HMRC’s digital services.

2. Link clients to your agent services account 

Login to your agent services account. HMRC will not provide you with a list of clients (they say this will be available in your MTD software), however you can link existing clients by following the steps here. 

For existing clients, make sure you have their VAT number and date they registered for VAT. For new clients, you will also need their National Insurance number and postcode. 

You will be provided with a link that you must then email to your clients. They must click the link to authorise you to manage their MTD for VAT services. This must be done within 14 days. 

3. Sign up clients for MTD 

You can either do this on behalf of your client (guidance is here), or ask them to do this themselves.

About GoSimpleTax

Compliance is key as the accounting world moves into the digital age. GoSimpleTax have launched their new bridging software - GoSimpleVAT so that you can ensure every client is compliant with MTD for VAT.