MTD software

lhaccountancy
lhaccountancy Registered Posts: 5 New contributor 🐸
edited October 11 in Software
Morning
Can I please ask what software accountants are going to use for the MTD income tax? I have had a quote from Iris at £11 + VAT per client per month which I will charge the cost onto them, but as they are small businesses, not sure they would want to pay this extra on top of my charges for submitting their tax returns.

I also want to double check that I am correct in thinking this is just for sole traders and landlords and not ltd companies.

Also, what type of charges will you all be charging to do this? I generally charge per hour but presuming as we will be doing this quarterly, it will save time at the end of the year tax return but obviously will be more frequent work.

Thank you

Comments

  • Caspar1
    Caspar1 Registered Posts: 32 Regular contributor ⭐
    The general chit chats I have had, are that we will be doing that work anyway at year end, so make a note this year of how long it takes you to do the whole year. Then charge for any time it takes above the normal time over the MTD year, to process this 4 times. I would imagine it won't take much longer to do. Then perhaps £25 to £30 per submission as an extra charge.

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