Services tailored to you...
With over five decades’ experience serving a diverse range of clients in the South West, we possess an unbeatable depth of knowledge across a wide range of industry sectors.
Our specialist partners and teams can provide expert advice on everything from farming and agriculture, to military tax allowances. We’re here to help you make the most of your planning opportunities so that you can grow with confidence.
After many years, it appears that the Making Tax Digital for income tax (MTD) regime will finally soon be compulsory. The first wave of compulsory adoptees – in Spring 2026 – will be sole traders with turnover (including property rents as well as business sales) of £50,000 plus.
If you are in that category and you have not yet adopted accounting software, then it is time to do so now. With suitable software in place (properly tailored and competently used), we anticipate that quarterly MTD compliance should only involve a few extra clicks, akin to submitting a VAT return after the records have been prepared.
But, if you maintain your own records and your computerised bookkeeping system is not in place, or if you have not built up some prior practice in using the software, it will be much more difficult.
Please contact us now for assistance with set-up and training if you are one of the few sole traders who has not yet moved to software.