The world of tax is changing, and Making Tax Digital (MTD) is at the forefront.
From April 2026, all sole traders and landlords earning over £50,000 will need to make quarterly updates to HMRC instead of filing a single annual return.
It sounds overwhelming, but with the right preparation, you can make the transition easy and even gain valuable insights into your business finances.
Here’s everything you need to know.
Note: The thresholds apply to your total income before expenses.
Check If MTD Applies to You:
If you earn over £50,000, you’ll need to sign up by April 2026. Review your total income to determine when you’ll be affected.
Get Ready with Digital Bookkeeping (We Recommend Xero):
Xero is the best solution for MTD because it:
We can help you set up Xero and get you fully MTD-compliant!
Prepare for Quarterly Tax Updates:
You’ll need to stay on top of your numbers all year round. If this sounds like extra work, we’re here to handle it for you!
MTD changes when you report your taxes, but you’ll still pay your taxes once a year (31st January, or 31st July if you make payments on account).
Contact Brush Up Accounting today and get your business ready for Making Tax Digital. We’ll make sure your transition is smooth and stress-free. Get in touch now!
Testimonials
Rea Moores Creates
Starting up my own business I had no idea how much would be involved in preparing the tax at the end of the tax year and how much time bookkeeping would take. Fortunately Jana was at hand to help me. She guided me through all the steps needed for her to submit the documents to the tax office, answered all the questions I asked, and put me at ease. I would recommend brush up accounting to anyone that needed this service.
QualClean Ltd
I have engaged Jana as the permanent accountant for QualClean Ltd as my accountant of 7 years advised me, he was retiring.
In the last 12-18 months I have become a little disorganised due to workload, illness and several other external factors. This has resulted in me not staying on top of my accounting, bookkeeping and invoice payment chasing.
In less than 2 months, Jana has very efficiently organised me and has set me up with a whole new system to aid my efficiency. Moreover she has been really proactive in pointing out issues in my bookkeeping and most importantly, my invoice chasing. This has resulted in recovering monies that I had no idea I was missing!
I thank Jana for her highly fastidious approach and care and I have no hesitation in recommending her to colleagues and friends.
Nikki Ayton
Brush Up Accounting was recommended to me by a mutual friend and Jana has been like a breath of fresh air. I needed someone approachable, professional and experienced and I got all three.
Jana was excellent at communicating with me and she has always got back to me within 24 hours (if not sooner). She has made an onerous task a lot simpler by explaining the process step by step.
I highly recommend working with Brush Up Accounting.
