Service

Cloud accounting & MTD Reporting

Cloud accounting has revolutionised how businesses manage their finances — and Peter Hodgson & Co. can help you make the switch seamlessly. We specialise in implementing and optimising cloud platforms such as Xero, QuickBooks, and Sage, ensuring your system is configured for your exact business structure.

Our process starts with understanding your operations — from invoicing and expenses to payroll and reporting — so we can set up automated workflows that save time and reduce errors. We handle data migration, software integration, and staff training to ensure your transition is smooth and effective.

Once in place, cloud accounting allows you to access real-time financial information from anywhere, collaborate securely with our team, and make quicker, smarter business decisions. It’s an essential step for any SME looking to modernise and stay ahead.

Making Tax Digital (MTD) Reporting Services

The UK tax system is undergoing significant change through HMRC's Making Tax Digital (MTD) initiative. As digital reporting requirements continue to expand, businesses, landlords and self-employed individuals must ensure they maintain compliant digital records and submit information to HMRC using approved software.

Our Making Tax Digital Reporting service is designed to help you meet your obligations confidently and efficiently. Based in Kent, we support clients across the UK with the implementation, management and ongoing compliance requirements of MTD, ensuring a smooth transition to digital tax reporting.

We understand that keeping up with changing tax legislation can be challenging. Our experienced team works closely with you to establish compliant digital record-keeping processes, select suitable accounting software and ensure all required submissions are completed accurately and on time. By taking a proactive approach, we help minimise the risk of errors, penalties and unnecessary administrative burden.

Whether you are preparing for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), managing VAT reporting requirements or looking to modernise your accounting processes, we provide practical guidance tailored to your circumstances.

Our MTD Reporting service can help you:

  • Register for Making Tax Digital with HMRC
  • Maintain compliant digital accounting records
  • Prepare and submit quarterly updates
  • Meet MTD for Income Tax requirements
  • Submit VAT returns through MTD-compatible software
  • Integrate cloud accounting solutions
  • Improve the accuracy of financial information
  • Reduce administrative workload and reporting errors
  • Stay up to date with changing HMRC regulations

By embracing digital tax reporting, businesses can benefit from more accurate records, greater visibility of their financial performance and improved tax compliance. Our goal is to make the process as straightforward as possible, allowing you to focus on running your business while we help ensure your MTD obligations are met.

Whether you are a sole trader, landlord, partnership or limited company, our team can provide the expertise and support you need to navigate Making Tax Digital with confidence.

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Providing expert accounting solutions for businesses of all sizes

FAQ

Explore your financial queries answered

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How can I get started?

To get started, simply fill out our contact form or give us a call. Our team will guide you through the process.

What types of businesses require a statutory audit?

In the UK, an audit is mandatory for companies that exceed certain size thresholds or are part of a larger group. However, many SMEs choose a voluntary audit to gain valuable insights into financial performance, strengthen stakeholder confidence, and improve internal controls.

What are the main benefits of having an audit?

An audit provides independent assurance that your financial statements are accurate and compliant. It can also highlight inefficiencies, strengthen governance, and help attract investors or secure financing by demonstrating transparency and sound financial management.

How can you help reduce my company’s tax bill?

Our tax specialists identify legitimate reliefs, allowances, and planning opportunities to help you optimise your tax position while staying fully compliant. We provide year-round support, not just at filing time, so you can plan ahead and make tax-efficient business decisions.

How to switch accountants in one easy step?

We appreciate that changing accountants can be time consuming but that’s not the case when you move to Peter Hodgson & Co.
Simply drop an email or note to your existing accountant informing them that you’re moving to us, copy us on the email and we’ll do the rest. It’s as easy as that.
If you have any questions please call us on 01892 515 733 Or email reception@peterhodgson.co.uk

Do you offer tax planning for both businesses and individuals?

Yes — we advise limited companies, partnerships, and sole traders, as well as directors and business owners on personal tax. Our goal is to create integrated tax strategies that work across your business and personal finances.

Do you work with cloud accounting software like QuickBooks or Xero?

Yes. We’re experienced with all major cloud platforms, including Xero, QuickBooks, and Sage. We can help you transition to digital accounting and make the most of real-time financial data for better business decisions.

What accounting services do you provide for SMEs?

We provide a full range of accounting services for SMEs, including statutory accounts, tax compliance, bookkeeping, payroll, VAT, audit and advisory support. Our service is designed to keep your business compliant, efficient and financially well-managed as it grows.

We offer a full range of accounting solutions including bookkeeping, management accounts, year-end accounts, VAT returns, and cloud accounting setup. Our partner-led approach ensures every client receives tailored support and clear financial insights.

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