Momentum360

Momentum360 You didn’t start your business to wrestle with receipts. You’re building something that works for you. But the Bookkeeping? We’ve got you.

It’s confusing, time-consuming, and easy to ignore. Whether you want to learn, hand it over, or check it’s right. Any of these sound familiar?

“I want to grow my business, but I am too busy dealing with the day-to-day work.”

"I could really take on my first staff member, but the prospect of having to be the HR, Payroll and IT department feels extremely daunting."

“I need help with different asp

ects of my business but finding the best service providers will be such a hassle.”

“I need a new website, but I don’t even know what I should be putting on it.”

“I want a business that is bigger than myself.”

“I want to stop working in my business and start working on it.”

Our departments are designed to work together, so that you can always benefit from expert knowledge without having to commit to expensive retainers.

I've finally got round to doing something that's been on my to-do list for ages...I've created a free guide to Making Ta...
16/07/2026

I've finally got round to doing something that's been on my to-do list for ages...

I've created a free guide to Making Tax Digital for Income Tax for Sole Traders.

I've lost count of the number of conversations I've had recently that start with, "I know I need to do something... I just don't know what."

So I thought I'd put everything in one place.

It covers the basics, including:

* whether MTD applies to you
* how to register
* the software options available (yes, that still includes software)

Nothing fancy. Just the information I think every Sole Trader should know before they start panicking after seeing another headline about MTD.

You can get it here if it's helpful:
https://momentum360.thinkific.com/courses/mtd

And if you know a sole trader who's still burying their head in the sand... feel free to send it their way.

"If MTD applies to me, surely HMRC will tell me?"This is one of the biggest assumptions I hear from sole traders.And I c...
16/07/2026

"If MTD applies to me, surely HMRC will tell me?"

This is one of the biggest assumptions I hear from sole traders.

And I completely understand why.

We’re used to receiving a letter when something important changes.

The good news is that HMRC has been contacting businesses that need to join Making Tax Digital for Income Tax now.

The less good news?

Whether that letter has actually reached you, been opened, or been understood is another story.

It might be sitting unopened in a pile of post.

It might have gone to an old address.

It might have been read and forgotten.

And unfortunately, not receiving (or noticing) a letter doesn't mean MTD doesn't apply.

It is still your responsibility to understand whether you need to register and comply.

Waiting for HMRC to tell you isn't really a strategy.

So who does MTD apply to?

For the first phase, it applies to sole traders and landlords with qualifying income over:

£50,000 in the 2024/25 tax year → required to join MTD now and submit the first quarterly update by the 7th August.

£30,000 in the 2025/26 tax year → required to join MTD from April 2027.

£20,000 from the 2026/27 tax year → required to join MTD from April 2028.

(These thresholds are based on qualifying income, not profit.)

If you think you might be affected, it’s worth taking ten minutes to check your 2024/2025 tax return, as well as your income in the 2025/2026 tax year.

Because knowing sooner gives you time to:

✅ Choose suitable software.

✅ Get your digital records set up.

✅ Create a bookkeeping routine.

✅ Understand what your numbers are telling you.

And actually, this is one of the positives of MTD.

Keeping your bookkeeping up to date isn't just about satisfying HMRC.

It means you can see how your business is performing throughout the year, spot issues earlier, and make better decisions.

No more waiting until January to discover what happened last year.

Have you checked whether MTD applies to you yet, or were you waiting for HMRC to let you know?

"I've got accounting software, so I'm MTD compliant." I hear this quite a lot.Unfortunately, having accounting software ...
15/07/2026

"I've got accounting software, so I'm MTD compliant."

I hear this quite a lot.

Unfortunately, having accounting software doesn't automatically mean you're compliant with Making Tax Digital.

For most Sole Traders you'll also need to make sure things like:

• you're signed up with HMRC (if you're mandated) - make sure to sign up each of your income sources if you have several, for example if you have a Sole Trader business and income from property

• you update your software (or spreadsheet) regularly so that it's not a big scramble at the end of each quarter

• your quarterly updates are actually being submitted on time. The first deadline is on the 7th August for everyone who earned more than £50k in the tax year 2024-2025

• you know the ins and outs of your software as well as how to record transactions and what's tax deductible and what isn't

Buying the software is only part of the picture.

If you are unsure you've done it right, get in touch and I'll help you make sense of it all.

"I've got accounting software, so I can do my own bookkeeping."I hear this one quite a lot.And to be fair… I completely ...
14/07/2026

"I've got accounting software, so I can do my own bookkeeping."

I hear this one quite a lot.

And to be fair… I completely understand why.

Modern accounting software is brilliant.

It can:
✅ Import your bank transactions.
✅ Match payments.
✅ Send invoices.
✅ Capture receipts.
✅ Create reports.

But here's the thing...

Software doesn't actually do your bookkeeping.

It doesn't know whether that Amazon purchase was:

* a business expense,
* something personal,
* or a bit of both.

It doesn't know whether that payment to a supplier has been categorised correctly.

It doesn't know whether you've missed something important.

It just follows the information you give it.

And that's where the skill of bookkeeping comes in.

Good bookkeeping isn't about being able to click the buttons in the software.

It's about understanding:

* what your numbers mean
* how transactions should be recorded
* what records you need to keep
* what questions you should be asking

Nobody starts a business because they want to become an expert in accounting systems.

But understanding the basics of your bookkeeping means you can use the software properly, spot when something doesn't look right, and feel confident that your numbers are telling the truth.

And if you do want to learn the basics of bookkeeping then give me a shout.

You drive 40 miles to visit a client.Nothing leaves your bank account.No receipt exists.Many Sole Traders stop there.But...
13/07/2026

You drive 40 miles to visit a client.

Nothing leaves your bank account.

No receipt exists.

Many Sole Traders stop there.

But that journey may still be claimable.

This is why bookkeeping isn't only about recording money spent.

Some legitimate business costs require records rather than receipts.

Keeping a mileage log can save tax and improve accuracy.

Do you currently track your business mileage?

Many conversations around MTD focus on software.But software isn't the hard part.The hard part is knowing how to use you...
10/07/2026

Many conversations around MTD focus on software.

But software isn't the hard part.

The hard part is knowing how to use your software.

MTD is exposing something that already existed.

Many Sole Traders have never had a bookkeeping process and don't know the basics of bookkeeping.

That's what causes stress.

Not the technology.

How prepared do you feel for MTD right now?

Imagine your software says:Bank balance = £3,200Your actual bank says:Bank balance = £2,950Which one is correct?You don'...
08/07/2026

Imagine your software says:

Bank balance = £3,200

Your actual bank says:

Bank balance = £2,950

Which one is correct?

You don't know until you reconcile.

Bank reconciliation is simply checking that your records match reality.

It's one of the quickest ways to find:

Missing transactions
Duplicate transactions
Errors

Think of it as proofreading your bookkeeping.

Do you reconcile regularly?

A business owner buys a computer.£900.They don't record it straight away because:"I'll remember that."Fast forward 11 mo...
06/07/2026

A business owner buys a computer.

£900.

They don't record it straight away because:

"I'll remember that."

Fast forward 11 months.

The receipt has vanished.

The purchase is forgotten.

And a legitimate business cost is missing from the records.

This is why Bookkeeping isn't just about numbers.

It's about creating systems that don't rely on memory.

Memory is unreliable.

Processes are reliable.

What's one bookkeeping task you'd like to make easier?

Accountants and Tax Advisers: is Making Tax Digital keeping you awake at night too?We hear a lot about the stress MTD is...
03/07/2026

Accountants and Tax Advisers: is Making Tax Digital keeping you awake at night too?

We hear a lot about the stress MTD is causing for business owners, but I know that it's creating plenty of headaches within the profession as well.

Because it's not just about the legislation. It's about the people.

The client who will embrace it.

The client who will ignore it.

The client who can't afford to outsource.

And the client who just needs someone to explain things in plain English.

This is the bit I'm particularly passionate about.

Helping business owners understand their Bookkeeping and MTD duties, giving them somewhere to ask questions that's not AI (before they reach your desk), and supporting those who want to learn enough to do it properly themselves.

And for the clients who need more hands-on support, being a trusted referral partner when capacity is stretched.

If that sounds like it would make your life a little easier (or a lot), I'd love to have a virtual cuppa and compare notes.

And it's a wrap!Q1 of Making Tax Digital has now finished.Have you managed to get on top of it, or has it become one of ...
01/07/2026

And it's a wrap!

Q1 of Making Tax Digital has now finished.

Have you managed to get on top of it, or has it become one of those jobs that keeps getting moved to next week's to-do list?

If that's you, you're certainly not alone.

I speak to so many business owners who feel overwhelmed by Making Tax Digital. They worry about getting it wrong, don't know where to start, or have tried to figure it out themselves and ended up even more confused.

The truth is that Bookkeeping and tax rules don't come naturally to everyone, and there is a lot of conflicting advice out there. Add in AI, social media advice and well-meaning opinions, and it can be difficult to know what is actually correct.

My passion has always been helping people get things right by giving people the knowledge and support they need to stay compliant and stay out of trouble.

That's why I'm running a free drop-in session on Monday 6th July between 9am and 12pm.

You can drop in with your pressing questions about Making Tax Digital, understand what you need to do, and find out how to get signed up.

No silly questions. No judgement. Just practical help and support from someone who genuinely wants to help you get it right.

If you've been putting it off because it feels overwhelming, this is your opportunity to get some clarity and leave with a plan.

Places are limited, so if you'd like to start feeling more confident about Making Tax Digital, sign up via Eventbrite today and reserve your place.

https://www.eventbrite.co.uk/e/making-tax-digital-for-income-tax-drop-in-session-tickets-1992361796767

You don't have to figure it all out on your own.

p.s. image credit goes to Pexels, but I am not actually sure whether this guy is relieved he's finally found the solution, thinks he's done it right and hopes for the best or just really needs the loo.

What do you think? Obviously the first option is the one I am hoping for.

Address

Redbourn

Opening Hours

Monday 9am - 3pm
Tuesday 9am - 3pm
Wednesday 9am - 3pm
Thursday 9am - 3pm
Friday 9am - 3pm

Website

Alerts

Be the first to know and let us send you an email when Momentum360 posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Momentum360:

Shortcuts

Share