Making Tax Digital Self Assessment

Why you should consider using Michael Beech Accountancy when Making Tax Digital for Self Assessment comes in.

The UK is moving, over the next few years, towards a fully digital tax system, and one of the next steps along the way is the introduction of Making Tax Digital for Income Tax Self Assessment (MTD ITSA).

This is going to have a major impact about how self-employed individuals and landlords report their earnings.

Traditionally some individuals have always handled their tax returns on their own.

We would like to suggest some pertinent reasons why using Michael Beech Accountancy, could be the best approach.

Here at Michael Beech Accountancy, we would also like to suggest why adopting the right accounting software can streamline the process and ensure compliance.

How and When Things are Changing

MTD ITSA requires individuals with an annual business or property income

• above £50,000 (from April 2026) and
• £30,000 (from April 2027)

to maintain digital records and submit quarterly updates to HMRC.

We work towards achieving tax Efficiency

We at Michael Beech Accountancy do more than just ensure compliance; we always do our best to help minimise tax liability by identifying deductions and reliefs that many of our self-employed individuals may have overlooked. This is especially the case when a client comes to us for the first time, perhaps after a few years of "doing their own" tax returns.

We find this can sometimes lead to significant tax savings, such costs sometimes outweighing the cost of hiring us. Often the case, that without a Qualified Tax Advisor, taxpayers can overpay tax, simply due to lack of knowledge. Worse, they might unwittingly, underpay tax, and then face penalties.

We save you time and reduce your stress

Managing your own tax affairs can be a time-consuming exercise. As a business owner, and/or landlord, you already have a full plate with many demanding responsibilities.

If you then add the extra burden of maintaining digital records and filing multiple submissions, each year, this can be anywhere from 5+ - this could quite easily become overwhelming.

Michael Beech Accountancy will ease this burden off your shoulders. Surely this then allows you focus on running your business , concentrating on your core activities, to drive business growth ?

Why we think Software is vital for Making Tax Digital

Our experience already with Making Tax Digital VAT has shown that using the right software is vitally important. HMRC mandates the use of compatible accounting software for MTD ITSA submissions.

Software just makes the process so much easier - it is engineered with tools built in to automate calculations, generate reports. Such tools then very easily interface with HMRC’s systems.

Depending on the nature of your business , and your circumstances, we will guide you on adopting the right software. Michael Beech Accountancy will recommend the best software suited to your needs.

We will work with you to either provide training, or work together for the best solution for maximising best use of the software.

We will work towards avoiding any costly mistakes

Here at Michael Beech Accountancy we always work diligently and meticulously. This is because we find, that even with the wonders of modern AI assisted software, mistakes will still happen—these might be things like misclassified expenses, incorrect income reporting.

If deadlines are missed, it can lead to unnecessary tax bills or penalties. We at Michael Beech Accountancy are your safety net: we review all data before submission and any correction of errors is done well before the final tax return review is presented.

Next Steps

Feel free to email us or give us a call on 0121 270 4072 to arrange an initial free 30 minute chat to discuss how we can help you ensure Making Tax Digital compliance, and what we can do between now and April 2026 to get you ready and all set.