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.
What we do for you
At Sandwell Accountancy Services, we provide Making Tax Digital for Income Tax Self Assessment (MTD ITSA) and Quarterly Accounts services. HM Revenue and Customs (HMRC) requires quarterly reporting on income, and we know how difficult it can be to keep on top of quarterly paperwork whilst running your business. Our team of highly experienced and qualified accountants is ready to help by providing specialist, expert advice and ensuring all necessary paperwork is completed to stay compliant. Get in touch with us to find out more about how we can help you.
What's included
How it works
- 01 A first conversation, free of charge We talk through how you trade, how you keep your records, and whether you are registered for MTD ITSA or getting close to needing to be. You leave knowing what we would do and what it would cost.
- 02 Getting set up You authorise us to deal with HMRC on your behalf. We agree what we need from you and when, and we work from your existing bookkeeping records so nothing has to be typed twice.
- 03 Every quarterly period We prepare your return from your records, reconcile it, and query anything that looks wrong while it is still easy to put right. You see the figures and approve them before anything is filed.
- 04 Filing Once you have approved the MTD return we file it digitally at HMRC.
- 05 The rest of the year HMRC queries, checks and changes to the rules come to us first. If something affects you, we tell you what it means in plain English.
When you need to register
| From | Turnover over |
|---|---|
| 6 April 2026 | £50,000 |
| 6 April 2027 | £30,000 |
| 6 April 2028 | £20,000 |
Applies to sole traders and individuals with rental income. Checked against HMRC guidance September 2026.
More about this service
What is an MTD ITSA return?
A MTD ITSA return is a declaration of the income and expenses for your business. It’s a way for the business to report their profits to the tax authorities (HMRC in the UK), which is a legal requirement for sole trader businesses. These need to be submitted on a quarterly basis, detailing transactions over the previous three-month period. To support the declarations, businesses must maintain comprehensive records of sales, purchases and VAT transactions. This includes invoices, receipts and other relevant documentation.
What are quarterly accounts?
Quarterly accounts are different, as they are management accounts completed every 3 months to make sure that as a business owner you are informed. To support the creation of these quarterly management accounts businesses must maintain comprehensive records of sales and purchases. This includes invoices, receipts and other relevant documentation.
How to submit a MTD ITSA return?
Businesses submit their MTD returns electronically through HMRC online services. It is a secure way to send your figures and it lets you see what you have submitted and when.
What are the deadlines for filing MTD ITSA returns?
MTD ITSA return deadlines are determined based on the tax period, usually falling 5 weeks after the end of the accounting period. It’s important for business owners to keep an eye on their deadlines and ensure that the relevant documents are completed and submitted in time. If not, filing an MTD return late can result in penalties and interest charges imposed by HMRC. Timely submission is therefore crucial to avoid financial repercussions for any business.
We provide peace of mind
Here at Sandwell Accountancy Services our agents will take care of everything for you, from making sure your quarterly accounts are prepared and returns are filed in a timely manner to dealing with any queries from HMRC on your behalf. We act as the first point of contact for HMRC and also ensure that your returns are other documentation are submitted on time, avoiding interest and penalties. At Sandwell Accountancy Services, each client receives a dedicated contact person, ensuring personal and professional service all the way.
Why choose Sandwell Accountancy Services?
Choosing us for your MTD ITSA and quarterly accounts ensures peace of mind and confidence in your financial compliance. Our dedicated team of professionals provides personalised support, tailored solutions and proactive guidance to help you achieve your objectives seamlessly. By staying informed, maintaining accurate records and leveraging expert assistance from us, you can navigate the complexities of compliance with confide and ease. Get in touch with our friendly team today to benefit from our advice and services.
Not sure whether you need bookkeeping monthly or quarterly?
Tell us how you invoice and we will recommend the lightest option that keeps you compliant.