Figuring out the hourly rate for a bookkeeper in the UK can feel like navigating a maze. With figures ranging from a modest £15 to a more substantial £50 or more, business owners often wonder, “How much should I really be paying?” The answer isn’t a simple one-size-fits-all, but understanding the factors that influence the…

Making Tax Digital (MTD) is a government programme that changes the way individuals and businesses keep their records and submit tax information to HMRC. If you’re unsure how to get started, this article explains everything in simple terms. 1. How Do I Register for Making Tax Digital? To register for Making Tax Digital, you need…

Do I need to use MTD? Do I need to register for MTD? If you’re a sole trader, landlord, or run a VAT-registered business in the UK, these are probably the questions on your mind. The short answer is: in most cases, yes. Making Tax Digital (MTD) is a government initiative designed to simplify tax,…

Making Tax Digital (MTD) is one of the biggest shake-ups in the UK tax system in decades. It’s designed to make tax administration more efficient, but for many self-employed individuals and landlords, it also raises a simple but crucial question: “How will Making Tax Digital affect me?” If you’re unsure what MTD means for you,…

Making Tax Digital (MTD) is a government initiative by HMRC to make tax administration more efficient and easier for businesses and individuals. For self-employed individuals and landlords, MTD for Income Tax Self Assessment (ITSA) means a new way of keeping records and sending updates to HMRC. This guide will help you understand what counts as…

The Indispensable Role of a Making Tax Digital Accountant UK tax system is undergoing a significant transformation with HMRC’s Making Tax Digital (MTD) initiative. This shift mandates that businesses and individuals maintain digital records and submit tax information using MTD-compatible software. While designed to simplify tax processes and reduce errors, navigating the complexities of MTD…

Do I have to submit my tax return digitally? The answer is: it depends on your situation. The government is gradually changing the rules through a programme called Making Tax Digital (MTD). What is Making Tax Digital (MTD)? Making Tax Digital is a UK Government initiative to make reporting income, expenses, VAT, and other taxes…

Making Tax Digital (MTD) is HMRC’s plan to move all UK tax reporting online using special software. The answer to whether it’s compulsory depends on what type of tax you pay and your income level. Making Tax Digital for VAT – Already Compulsory Yes, MTD for VAT is compulsory for most businesses right now. MTD…

The Simple Answer: Pensions Are Not Included Making Tax Digital does not include pensions. This new system is only for people who have: What Is Making Tax Digital? Making Tax Digital is HMRC’s new way of reporting taxes. Instead of filling in a paper tax return once a year, you use special software to keep…

Making Tax Digital (MTD) is a UK government initiative designed to streamline tax administration. If you’re a sole trader or landlord, you might be asking, “Do I have to use Making Tax Digital?” The answer depends on your total income from self-employment or property. MTD for Income Tax is being introduced in phases, so it’s…