We know that Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) can seem like a lot to wrap your head around. But don’t worry! At DNA Accountants, we’re all about making your life easier. That’s why we’ve put together a handy, downloadable guide to help you navigate these changes with ease.
What’s MTD ITSA all about?
Let’s break it down: MTD ITSA is all about digitising your self-assessment process. It’s designed to streamline your tax reporting, reduce errors, and ultimately make life simpler for you (because who doesn’t want that, right?). Under the new rules, self-employed individuals and landlords with income over a certain threshold will need to keep digital records and send updates to HMRC at least four times a year.
Sounds a little daunting? Don’t worry, that’s exactly why we’ve created this guide. We’re with you every step of the way!
What’s inside the guide?
Our guide is packed with everything you need to know – and more. You’ll find a step-by-step breakdown of the MTD ITSA process, from setting up your digital records to submitting your quarterly updates. We’ve made sure to keep things simple, so you don’t have to feel overwhelmed.
- A clear overview of what MTD ITSA is and who it affects
- Step-by-step instructions on how to get started with digital record-keeping
- Tips on how to stay compliant with the new rules
- Frequently asked questions to clear up any confusion
We’ve kept the tone light and approachable, with easy-to-understand language so that you don’t have to wade through jargon. After all, we want to make this as smooth as possible for you.
Why should you use our guide?
Because we know how overwhelming tax stuff can be, especially when things are changing! This guide is designed to help you confidently navigate MTD ITSA, reduce your stress, and keep your records in tip-top shape. It’s perfect for the self-employed and landlords who are feeling a little unsure about what the next steps should be.
And hey, did we mention it’s in a lovely branded PDF format? You can download it, keep it handy on your computer, and refer back to it whenever you need a refresher.
Getting started with MTD ITSA
The guide breaks everything down step-by-step so you can follow along without feeling like you’re swimming in paperwork. It starts with the basics and moves into setting up your digital record-keeping systems. If you’re using Xero (or another accounting software), we’ve got you covered with tips on how to link it up to HMRC for smooth quarterly updates.
Need help? We’re here for you!
We know that while this guide will take you a long way, we’re always here to help! If you ever feel stuck or need more tailored advice, don’t hesitate to get in touch with us. Whether you need support on specific queries or just want a chat about the changes, we’re just a phone call or email away.
Download the guide today!
Ready to get started? Simply click below to download our MTD ITSA guide and kick-start your journey toward a more digital, efficient way of managing your self-assessment taxes.
Don’t wait for the deadlines to sneak up on you—take control today with our easy-to-follow guide!
Stay connected with us!
For the latest updates, tax tips, and more, be sure to follow us on social media:
- Facebook: DNA Accountants
- Instagram: @DNA.Accountants