BOOKKEEPING & ACCOUNTING SERVICES

 

MTD FOR ITSA

 

Do you enjoy running your own business, but find managing your accounts and paperwork a chore you could do without?

CALL 01252 594141

We help sole traders and self-employed individuals stay compliant with HMRC’s new digital tax requirements under MTD for ITSA (Making Tax Digital for Income Tax Self Assessment). 

MTD for ITSA changes the way self-employed individuals report their income to HM Revenue & Customs, requiring digital record-keeping and quarterly submissions instead of one annual tax return. 

Who is it for? 

  • Sole traders 
  • Self-employed individuals 
  • Individuals with annual turnover of £50,000 or more (based on 2024/25 tax return) 

If this applies to you, you will be required to: 

✔ Keep digital records
✔ Submit quarterly updates to HMRC using a compatible software
✔ Submit a final end-of-year submission

tax return deadline
sole traders tax returns

From £570 per year

(£47.50 per month – payable by monthly direct debit) 

This includes: 

  • Submission of quarterly reports 
  • Final end-of-year submission 
  • Compliance with HMRC MTD requirements 

We make the process straightforward, ensuring you stay compliant without the stress of managing digital submissions yourself.

Additional Income or Complex Returns

If you have: 

  • Additional income sources 
  • Dividend income 
  • Property income 
  • Capital gains 
  • Or a more complex tax situation 

Fees will be quoted individually based on the level of work required.

Why choose Perfect Balance? 

  • Clear, fixed monthly pricing 
  • Proactive reminders and support 
  • Digital bookkeeping expertise 
  • Friendly, jargon-free guidance 
  • Full compliance with HMRC requirements 

We take care of the reporting, so you can focus on running your business. 

Want to learn more? 

    For a detailed explanation of how MTD for ITSA works and what you need to prepare, visit our blog: 

    👉 https://perfect-balance.uk/mtd-for-itsa-what-is-it-and-what-do-you-need-to-know/ 

    Or contact us today to discuss how we can support you with your MTD for ITSA obligations.

    Please feel free to contact us to discuss how we can help you.

     

    We are based in Fleet, Hampshire and cover approximately a 5 mile radius in which are able to visit your premises. We also work remotely and help the majority of our clients via this method. Call us on 01252 594141 or use the contact form below.

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