Annual Accounts & Management Reporting
Year-end accounts prepared and filed for limited companies, sole traders and partnerships, plus management accounts that actually help you run the business.
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Services
Making Tax Digital
Since April 2026, sole traders and landlords with qualifying income over £50,000 must keep digital records and file quarterly updates with HMRC. We set you up, run the submissions and keep you penalty-free. Most clients barely notice the change.
The biggest change to personal tax in a generation
Making Tax Digital replaces the annual Self Assessment cycle with digital record-keeping and quarterly reporting. It's already mandatory for VAT-registered businesses, and since 6 April 2026 it applies to sole traders and landlords with qualifying income over £50,000.
The timetable ahead:
| From | Who's in |
|---|---|
| April 2026 | Qualifying income over £50,000 (now in force) |
| April 2027 | Qualifying income over £30,000 |
| April 2028 | Qualifying income over £20,000 |
"Qualifying income" is your combined gross self-employment and property income before expenses, so a landlord with £55,000 of rent and £30,000 of costs is in, even though the profit is modest.
What we do
- Confirm when you're caught, based on your actual filed figures, not guesswork.
- Set up compliant software: Xero, QuickBooks or Sage, configured for your business, with bank feeds connected.
- Run the quarterly cycle: we prepare and submit each quarterly update and the final declaration.
- Watch the deadlines: four submissions a year plus the year-end declaration, all on our calendar, none on yours.
Landlords: this means you
MTD is the first time many landlords have needed software or an accountant at all. Rental records in a shoebox or a spreadsheet won't satisfy the rules. We specialise in getting landlords compliant quickly (see how we help landlords).
Common questions
Who does MTD for Income Tax apply to right now?
Sole traders and landlords whose combined qualifying income (gross, before expenses) exceeded £50,000. They've been in the regime since 6 April 2026. The threshold falls to £30,000 from April 2027 and £20,000 from April 2028, so most self-employed people and landlords will be brought in over the next two years.
What actually changes?
Instead of one annual tax return, you keep digital records in MTD-compatible software and send HMRC a summary every quarter, plus a final declaration after the year end. The tax you pay doesn't change; the reporting rhythm does.
Does a spreadsheet count as digital records?
Only with bridging software bolted on, and it's fragile. Proper cloud bookkeeping software (Xero, QuickBooks, Sage) meets the requirement natively and gives you useful numbers all year. For most clients it's the better answer.
What happens if I ignore it?
HMRC's points-based penalty system applies to late quarterly submissions: points accrue per missed deadline and convert to fines. With four deadlines a year instead of one, the cost of being disorganised has quadrupled. That's precisely what we prevent.
Other services
Bookkeeping & Cloud Accounting
Day-to-day bookkeeping done for you in Xero, QuickBooks or Sage: accurate records, reconciled bank feeds, and numbers you can trust.
Learn more →Self Assessment Tax Returns
Personal tax returns prepared, checked and filed, with every allowance claimed and no January panic.
Learn more →Corporation Tax & Business Tax
Corporation tax compliance, IR35 advice, R&D relief and capital allowances, plus a calm, experienced hand if HMRC ever comes asking.
Learn more →VAT Returns & Advice
Quarterly VAT returns prepared and filed under Making Tax Digital, the right scheme for your business, and someone in your corner on the grey areas.
Learn more →Payroll & Workplace Pensions
Payroll run accurately and on time, RTI submissions handled, and auto-enrolment pension duties kept compliant, for one employee or fifty.
Learn more →Tax Planning
Forward-looking advice that legitimately reduces tax on your income, profits and gains, using the allowances and reliefs Parliament actually intended you to use.
Learn more →Company Formation & Secretarial
Company formations done right first time, plus confirmation statements, registers and Companies House filings kept quietly up to date.
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