Introduction to Rhino Making Tax Digital
A simple solution for businesses wishing to comply with MTD VAT.
“We’ve worked with Rhino Software to build an app designed to help all small businesses and the self-employed in the UK to become MTD compliant without the confusion and pressure.”
FEDERATION OF SMALL BUSINESSES
We provide two simple MTD solutions
Option 1 – Bridging (Spreadsheet) Feature
Option 2 – Record Keeping
The Bridging feature is is a simple way for customers to upload their VAT Spreadsheet to comply with MTD VAT.
This is a very popular option with customers that wish to quickly comply with MTD VAT with the minimum effort and cost.
This option lets customers create invoices and track expenses. The VAT screen is populated automatically with this data.
The bookkeeping features are easy to setup and use. Customers can enable these features at any time in the future at no additional cost.
Step 1. Create a Rhino Account
You can select the easy to use BRIDGING Feature to upload your VAT spreadsheet OR you can use our RECORD KEEPING features to create Invoices and track your Expenses. Both features are contained in the same product.
Useful Tip: Use the FEATURES button at the top of the screen to enable most appropriate features for your business. This is a one-off process and takes approximately 3 minutes to complete.
Step 2. Connect the App to your HMRC MTD Account
Our APP will guide you through the process of connecting the APP to your HMRC MTD Account. This is a one-off process and takes approximately 2 minutes to complete.
Step 3. Submit your MTD VAT Return
The APP will display the VAT submissions that you’ve already made to HMRC along with the VAT submissions that you need to submit.
You can quickly populate the VAT 9-Box Form using your VAT spreadsheet. Alternatively, Rhino will automatically populate the 9-Box form if you selected to use the Rhino Invoicing and Expense features.
Most popular features used by customers wishing to comply with MTD VAT:
- The Bridging feature: This feature let you continue using spreadsheets and requires the minimum effort to comply with MTD VAT.
- Bookkeeping features: Some customers prefer to use our Bookkeeping features (invoicing & expenses) because they are very easy to use and the information is also used to prepare their year end accounts.
- Real-Time Bank Integration: Automatically sync transactions to keep your financial data accurate and up to date without manual entry. The AI driven Bank Reconciliation process can be used to create the income and expense entries in Rhino which takes productivity and efficient to another level.
- Compliance: The actual submission process has been continually optimised to make it as simple as possible.
Other reasons customers love using the Rhino small business app:
- The price: This is always top of the list. We offer a range of low-cost licence options that will suit organisations that need help to get off the ground.
- Ease of use: A simple jargon-free design, with access to features as and when you need them at no additional cost . Oh… and you can access your information anytime, anywhere, from your smartphone or computer for ultimate flexibility.
- Simple Design: You only see the features that you enabled which means the App is as simple or as sophisticated as you want it to be. We provide a host of other features from Estimating, Scheduling, Document Management that can be enabled at any time at no additional cost.
- Support: Rhino provides self-service video tutorials embedded in the app, the website is stacked full of tutorials and advice, and customers can also book a free onboarding session.