Full Bookkeeping Service
For accounting periods starting on or after 6 April 2024, all unincorporated businesses and landlords with a turnover of more than £10,000 will need to complete quarterly digital returns for income tax.
HMRC has dubbed this stage 'Making Tax Digital (MTD) for Income Tax Self Assessment', or MTD for ITSA.
The aim is that all taxpayers will be keeping digital records which link seamlessly with government tax systems, making your income tax position a live feed that caters for any fluctuations in your income.
We supply a choice of accounting packages including Xero and Dext and take care of submitting quarterly VAT returns to HMRC.
Are you a globe-trotting actor or a touring musician that is fed up with going to the post office with a bag full of receipts every year?
Now is the time for you to EMBRACE MTD!