📢 Making Tax Digital (MTD) is Coming – Are You Ready? 📢

Big changes are on the horizon for self-employed individuals and landlords! From April 2026, if you earn over £50,000, you’ll need to comply with Making Tax Digital for Income Tax Self-Assessment (MTD ITSA). Those earning over £30,000 will follow from April 2027.

What Does This Mean for You?

✅ Digital Record-Keeping is Mandatory – You must maintain electronic records of your income and expenses.

✅ Quarterly Tax Updates – HMRC-approved software is required to submit tax updates every three months.

✅ No More Paper Records – Spreadsheets and manual records won’t be accepted; everything must be digital and kept up to date.

Why Start Preparing Now?

📌 Get Comfortable with Digital Bookkeeping – Switching early allows you to adapt before the deadline, reducing disruption to your business.

📌 Stay on Top of Your Finances – Keeping accurate, real-time financial records helps avoid last-minute tax stress.

📌 Reduce Errors & Improve Tax Efficiency – Digital tools minimise mistakes and miscalculations, ensuring compliance and tax optimisation.

How Can TCW Help?

Transitioning to MTD doesn’t have to be overwhelming. At TCW Accountancy and Training Solutions, we provide:

✔️ Expert guidance on MTD compliance and digital record-keeping.

✔️ Support in choosing HMRC-approved software that suits your business needs.

✔️ Training and setup assistance to make the process seamless.

✔️ Ongoing accounting support to keep you fully compliant and tax-efficient.

🚀 Don’t leave it until the last minute! The sooner you switch, the easier the transition will be.

Get in touch today, and let’s make tax simple!