Think Admin & Bookkeeping

📢 Upcoming Changes for Sole Traders

HMRC is introducing Making Tax Digital (MTD) for Income Tax, which will change how many sole traders report their income.

Instead of submitting one Self Assessment tax return each year, eligible businesses will need to:

• Keep digital records of income and expenses
• Submit quarterly updates to HMRC
• Complete a final end-of-year declaration

These changes will apply to sole traders and landlords with income over £50,000 from April 2026, and over £30,000 from April 2027.

While this may sound like extra work, using the right bookkeeping system can make the process simple and stress-free.

💬 If you’re unsure whether this affects you, get in touch and I can help you prepare early.

Due to popular demand!! I can now announce that I will soon be ready to complete self assessments! Let me know if you are interested! Deadlines are 31st January but don’t wait until then to know your tax bill.

New Availability - Autumn 2024

Due to changes in work patterns & personal circumstances. For the first time in a very long time, I am open for new clients in the autumn! Get in touch for bookkeeping & business admin!

Celebrating 6 years in business. Availability for bookkeeping in 2024!