What Records Do You Need to Keep for Making Tax Digital?

What Records Do You Need to Keep for Making Tax Digital?

If you are asking what records you need to keep for Making Tax Digital, the short answer is this: if Making Tax Digital for Income Tax applies to you, you must keep digital records of your self-employment and or property income and expenses using software that is...
How to Choose Making Tax Digital Software for Your Business

How to Choose Making Tax Digital Software for Your Business

Choosing making tax digital software comes down to one practical question: will it do the jobs HMRC requires without making your bookkeeping harder than it needs to be?For many sole traders and landlords, that means looking for software that can keep digital records,...
Making Tax Digital Income Tax Thresholds: Who Is Affected?

Making Tax Digital Income Tax Thresholds: Who Is Affected?

If you are searching for making tax digital income tax thresholds, the short answer is this: HMRC says Making Tax Digital for Income Tax now applies to some people already, but it depends on your qualifying income, whether you are in Self Assessment and whether that...
Making Tax Digital for Landlords: A Practical UK Guide

Making Tax Digital for Landlords: A Practical UK Guide

If you are a UK landlord, making tax digital for landlords is no longer something to leave on the future to-do list. For some property owners, the rules are already in force. For others, the next step is understanding whether the regime applies to them now, later or...