Service 11
MTD ITSA & Quarterly Accounts
We keep your books straight all year, so your figures are current, your income tax is easy, and your year end is a formality rather than a scramble.
Making Tax Digital Accountants
Making Tax Digital is changing how sole traders and landlords maintain their financial records and report income to HMRC.
Sandwell Accountancy Services can help you understand when the rules apply, prepare your records and use suitable accounting software. Depending on the support you choose, we can also assist with ongoing bookkeeping, quarterly updates and your year-end tax return.
Whether you already use accounting software or currently rely on spreadsheets, paper receipts or manual records, we will help you put a manageable process in place.
What's included
How it works
- 01 Initial Conversation We discuss your business or rental income, existing bookkeeping arrangements and current accounting software. We explain how Making Tax Digital could affect you and the support available.
- 02 Eligibility and Records Review We assess your qualifying income, identify when the rules apply and review your existing records to establish whether changes are required.
- 03 Digital Bookkeeping Setup We help you choose suitable software, organise your existing financial information and establish a straightforward process for recording and sharing transactions.
- 04 Quarterly Reporting Where included in your service, we review your digital bookkeeping records, prepare the required quarterly summaries and submit the updates to HMRC through compatible software.
- 05 Year-End Accounts and Ongoing Support We review your annual figures, make any necessary accounting and tax adjustments and complete your year-end tax return. We also provide ongoing support as your reporting obligations change.
When you need to register
Making Tax Digital for Income Tax is being introduced gradually, based on your qualifying gross income from self-employment and property.
| From | Qualifying income over |
|---|---|
| 6 April 2026 | £50,000 |
| 6 April 2027 | £30,000 |
| 6 April 2028 | £20,000 |
Qualifying income generally means your total relevant self-employment and property income before expenses. Income from both sources is combined when assessing the threshold.
More about this service
What Is Making Tax Digital for Income Tax?
Making Tax Digital for Income Tax is an HMRC initiative requiring eligible sole traders and landlords to maintain digital financial records and submit quarterly summaries of their income and expenses.
Rather than relying solely on annual bookkeeping, individuals within the scheme must use compatible software to record transactions and provide regular updates to HMRC.
Sandwell Accountancy Services can help you understand the requirements, prepare your existing records and establish a suitable digital bookkeeping system.
What Are Quarterly Updates?
Quarterly updates are summaries of income and expenses submitted to HMRC using Making Tax Digital-compatible software.
They are not four separate tax returns. Instead, they provide regular information based on your digital bookkeeping records, while your annual tax return remains necessary.
We can help maintain accurate records throughout the year, review your financial information and prepare the required quarterly updates as part of your agreed service.
How Do You Submit Making Tax Digital Updates?
Making Tax Digital updates must be submitted electronically using compatible accounting software.
We can review your existing bookkeeping arrangements and help you choose a suitable system based on your business, rental income and preferred way of working.
Where required, we can also help organise your records, set up bookkeeping categories and establish a straightforward process for sharing invoices, receipts and other financial information.
What Are the Making Tax Digital Deadlines?
Eligible taxpayers must submit quarterly updates to HMRC throughout the tax year, with deadlines generally falling on 7 August, 7 November, 7 February and 7 May.
Quarterly reporting does not normally mean paying Income Tax four times a year. Your tax payment obligations remain separate from the requirement to provide quarterly information.
We can explain which deadlines apply to you, what information is required and how to prepare your records in advance.
Making Tax Digital for Sole Traders and Landlords
Making Tax Digital affects eligible individuals receiving income from self-employment, residential property or commercial property.
For sole traders, this means maintaining digital records of business income and allowable expenses. Landlords may need to record rental income alongside relevant property expenses, including repairs, insurance and professional fees.
If you receive income from both self-employment and property, the qualifying amounts are considered together when assessing whether Making Tax Digital applies.
Our accountants can help organise your financial records and provide ongoing support tailored to your circumstances.
Why choose Sandwell Accountancy Services?
Sandwell Accountancy Services is a family-run accountancy practice established in 1973.
Based in Cradley Heath, we support sole traders, landlords and businesses across Birmingham, the Black Country and the wider West Midlands.
Our approach combines straightforward advice, personal service and practical accounting support. Whether you need assistance with digital bookkeeping, quarterly submissions or your annual tax return, we can explain your obligations without unnecessary jargon.
Every client benefits from a dedicated point of contact and support tailored to their individual requirements.
Do I Need an Accountant for Making Tax Digital?
You are not legally required to appoint an accountant for Making Tax Digital, but professional assistance can make the process easier to manage.
An accountant can help you understand when the rules apply, choose suitable software, maintain reliable bookkeeping records and complete the necessary submissions.
At Sandwell Accountancy Services, we offer flexible support depending on how much of your bookkeeping and reporting you would prefer to manage yourself.
You can continue recording your own transactions while receiving professional guidance, or discuss a more comprehensive bookkeeping and tax service.
Not Sure Whether You Need Monthly or Quarterly Bookkeeping?
Whether you are a sole trader or landlord, we can review your existing records and recommend a practical bookkeeping approach that keeps your financial information accurate and your reporting obligations manageable.