25/03/2026
Making Tax Digital… it’s coming from 6 April 2026 for sole traders and landlords with a combined turnover exceeding £50k.
So what are the key steps you need to take?
1) Identify trades. This is key when selecting a reporting tool. Do you have 1 sole trade, 2? Do you also have property income?
2) How do you currently hold your accounting records and is it compliant?
3) What level of insight do you want from the software? Do you want a reporting tool only, or do you want to know more than just total income and expenses?
4) What level of support do you need from an accountant, bookkeeper or similar?
5) What software are you going to use? Xero? QuickBooks? Free agent? Spreadsheets?
The process can feel overwhelming and stressful, especially when you’re busy not only running the business but your personal life too!
That’s where we come in. We’d have an initial discovery session to identify your needs, requirements and general aptitude to software.
From there we’ll create a bespoke plan for you to ensure that you’re compliant, but also stress free.
Reach out today for more information!
Full service Accountancy practice. Offering Financial Accounts, Tax Returns, Payroll, Bookkeeping and advisory services.