Do You Need Help with MTD IT?

Making Tax Digital for Income Tax is a major change for many sole traders and landlords. If you are still relying on spreadsheets, paper records, or a once a year approach to Self Assessment, now is the time to think about how your ongoing tax reporting will be managed.

Under MTD IT, affected individuals will need to keep digital records and submit information to HMRC throughout the year. For many clients, this means more regular reporting, more frequent deadlines, and a greater need to make sure records are accurate and compliant.

At Sherwin Currid, we help clients manage the full MTD IT process. This includes supporting proper record keeping, providing tax advice, preparing the required MTD IT returns, and submitting information to HMRC on your behalf. Our aim is to take the pressure off the process, help you remain compliant, and ensure your tax position is considered properly throughout the year.

MTD IT is changing the way many sole traders and landlords report income to HMRC. Instead of dealing with everything through one annual Self Assessment tax return, affected individuals will need to keep digital records and submit information to HMRC during the year.

For many people, the main concern is not just understanding the rules. It is knowing how the process will be managed in practice. You may need to consider how records will be kept, how income and expenses will be reviewed, when submissions will be due, and how your overall tax position will be monitored.

That is where Sherwin Currid can help. We can support clients with the practical management of MTD IT, from reviewing records and advising on tax matters to preparing and submitting the required returns to HMRC.

If MTD IT will affect you, early planning can help make sure the process is managed smoothly from the start, ensuring compliance and avoiding last minute rushes.

If you are a sole trader, MTD IT may affect the way you keep records, report income, and manage your tax affairs throughout the year. This is a significant change for anyone who is used to pulling figures together once a year for Self Assessment.

Under MTD IT, accurate digital record keeping becomes a much more important part of staying compliant. However, the process is not only about maintaining records. You will also need to ensure the correct information is prepared, reviewed, and submitted to HMRC at the right time.

At Sherwin Currid, we can help sole traders manage these obligations. We can support you with keeping records in good order, preparing your MTD IT returns, submitting information to HMRC, and providing tax advice to help you stay compliant and tax efficient.

Many sole traders ask us about:

• whether they will need to comply with MTD IT
• how their records should be kept
• how often information will need to be submitted
• who can prepare and submit their MTD IT returns
• how to remain compliant with HMRC
• how to make sure their tax position is being managed efficiently

If any of these questions sound familiar, you are not alone. With the right support, you do not have to manage the process on your own.

Landlords may also need to prepare for MTD IT, and many are still unsure how the new rules will affect them. If you receive income from property, it is important to understand whether you are likely to fall within the qualifying income thresholds and what that means for your reporting obligations.

For landlords, the challenge is often about more than compliance. Property income records, allowable expenses, finance costs, repairs, multiple properties, and other tax considerations all need to be handled carefully. Under MTD IT, keeping records properly and submitting accurate information to HMRC will become even more important.

At Sherwin Currid, we can help landlords manage the process from start to finish. We can support proper record keeping, review income and expenses, provide tax advice, prepare the required MTD IT returns, and submit them to HMRC on your behalf.

Our aim is to reduce the burden on you, help ensure compliance, and make sure your property tax affairs are managed efficiently throughout the year.

Working with Sherwin Currid can help you:

• keep property records accurate and organised
• understand your reporting responsibilities
• ensure allowable expenses are considered properly
• prepare and submit MTD IT returns correctly
• stay compliant with HMRC requirements
• manage your tax position more efficiently

A planned and supported approach can make MTD IT feel far more manageable.

One of the biggest changes under MTD IT is the move towards more regular reporting. This means clients will need to think carefully about who will manage their records, prepare the required submissions, and ensure everything remains compliant with HMRC.

At Sherwin Currid, we provide a comprehensive service for individuals who need support with MTD IT. Our role is not simply to help you choose software or get set up. We can help manage the ongoing process, including reviewing your records, preparing your MTD IT returns, advising on tax matters, and submitting information to HMRC.

This means you can have confidence that your obligations are being handled properly, rather than trying to manage the process alone.

We can help with:

• understanding whether MTD IT applies to you
• supporting proper digital record keeping
• reviewing income and expenses
• providing tax advice throughout the year
• preparing MTD IT returns
• submitting information to HMRC
• helping ensure ongoing compliance
• identifying opportunities for tax efficiency
• keeping the process clear and manageable

For many clients, this support can remove a significant amount of uncertainty. Instead of worrying about deadlines, records, and submissions, you can rely on Sherwin Currid to help manage the process for you.

MTD IT is not just a one off change. It introduces ongoing compliance obligations, which means regular support may become more important than ever.

Once MTD IT applies to you, it will be important to stay on top of record keeping, reporting deadlines, tax planning, and HMRC requirements throughout the year. Leaving everything until the last minute could make the process more stressful and increase the risk of errors.

At Sherwin Currid, we provide ongoing advice and practical support to help sole traders and landlords stay compliant. We can help ensure records are maintained properly, submissions are prepared accurately, and your tax position is reviewed with efficiency in mind.

This gives you more than administrative support. It gives you access to professional advice from accountants who understand both the compliance requirements and the wider tax implications.

By working with Sherwin Currid, you can take a more organised and proactive approach to MTD IT, while reducing the amount of time and effort you need to spend managing the process yourself.

If you are a sole trader or landlord and want help with MTD IT, now is the right time to act. The new rules will bring more regular reporting obligations, so it is important to have a clear plan for how your records, returns, and submissions will be managed.

At Sherwin Currid, we can help manage your MTD IT obligations from start to finish. This includes supporting proper record keeping, providing tax advice, preparing your MTD IT returns, submitting information to HMRC, and helping you remain compliant.

Our aim is to take the pressure off the process, help you meet your obligations, and ensure your tax affairs are handled efficiently.