MTD for Rental Income: Essential Tips to Stay Compliant and Stress-Free Ahead of the August Deadline Introduction As the first Making Tax Digital (MTD) for Income Tax filing deadline approaches in August 2026, landlords with gross rental income over £50,000 are under pressure to get their digital records in order. HMRC’s push for quarterly updates […]
Making Tax Digital (MTD) – Clear Monthly Fees from April 2026 From April 2026, HMRC requires all sole traders and landlords to submit quarterly updates under Making Tax Digital. We’ve made it straightforward and predictable for our clients by using our own software and a simple online form that shows you your exact monthly fee […]
Received Your HMRC Making Tax Digital Letter? You’re in the right place – we’ll make this simple and stress-free. HMRC started sending these letters this month (February 2026) to around 860,000 self-employed people and landlords. If yours says you must start Making Tax Digital for Income Tax from 6 April 2026, you now have to: […]
Navigating Making Tax Digital (MTD) in 2026: A Lifeline for Self-Employed Workers Without an Accountant Posted on January 30, 2026 by My Accountant Friend As we step into 2026, the UK tax landscape is undergoing a major shift with the rollout of Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA). If you’re one […]
Comprehensive Review of MTD-Compliant Online Accounting Software in the UK As an accountant helping small businesses and sole traders navigate the UK’s tax landscape, we have seen firsthand how Making Tax Digital (MTD) has transformed record-keeping and reporting. Launched by HMRC, MTD requires businesses to maintain digital records and submit tax information electronically using compatible […]
Revolutionising Accounting for Shopify Traders: Discover My Accountant Friend’s Game-Changing Integration! Posted by My Accountant Friend on January 09, 2026 Hey, Shopify superstars! Are you tired of juggling spreadsheets, chasing receipts, and drowning in bookkeeping chaos while your online store skyrockets? Well, buckle up because My Accountant Friend is here to shout it from the […]
Expanding Your Business in Birmingham: Why Choose a Specialist Online Accountant for FreeAgent, Xero, and MTD Compliance Posted by My Accountant Friend on January 9, 2026 In the bustling heart of the West Midlands, Birmingham’s business landscape is thriving—from innovative startups in the Digbeth tech scene to established retailers in the Bullring. But with growth […]
The Chancellor has announced a series of changes that could affect your business, your income, and your employees. Here’s a clear, practical guide to what’s coming – and what it means for you. 1. Income Tax & National Insurance Thresholds Frozen Until 2031 The thresholds at which you or your employees start paying Income Tax […]
Identity Verification for UK Company Directors – Coming November 2025 From 3 November 2025, a major legal reform takes effect for UK businesses. Every company director and Person with Significant Control (PSC) will need to verify their identity with Companies House under the Economic Crime and Corporate Transparency Act 2023. This is part of a […]