Making Tax Digital Accountants
Get ready for MTD
Making Tax Digital (MTD) is the biggest overhaul of the tax filing regime in generations.
From 2026 any self-employed business, sole trader or landlord with income of over £50,000 will have to file under the Making Tax Digital Rules. Those with income over £30,000 will be mandated from April 2027 and the remaining small businesses’ timescales to be reviewed in the future.
These rules increase the numbers of filings to HMRC from 1, to 5 per year (minimum!) and require taxpayers to undertake Digital Record Keeping.
They also do not allow taxpayers to file directly via the HMRC site – you have to buy special software to do it.
We won’t lie, it’s going to be a lot more work. But don’t worry – Mazuma can take care of it all for you.
Will I still be able to submit my self assessment tax return direct to the HMRC website?
Unlike with the current self assessment tax return system where you can go on to the HMRC website and submit your return, the new rules state that you can no longer submit directly to HMRC via their website. You will have to use a piece of HMRC approved software, or engage the services of an accountant who can do that for you.
If that wasn’t disruptive enough, you will also no longer be able to undertake manual record keeping. Every transaction in your business or self employment must be recorded digitally, submitted to HMRC digitally, and done so in a specific format that is approved by HMRC. Yikes!
Is Mazuma Making Tax Digital compliant?
Yes – we use software that is compliant with Making Tax Digital. If you don’t want the stress or worry or setting up a new digital system, contact us today to see how we can ensure that your accounts are compliant with MTD.
At Mazuma we are perfectly positioned to do absolutely all of this new tax admin for you. In fact, we’ve been working this way since 2006!
What does that mean in real terms? Well, if you wanted to send us a purple envelope full of paper receipts every month, we can digitise, account for and submit your MTD reports to HMRC without you having to lift a finger.
And if you love doing things digitally, our custom-made software is fully MTD compliant.
Rest assured that no matter how you like to work, Mazuma have a subscription that will work for you.
Stress Free (Making Tax Digital) Compliant Accountancy Service
Here at Mazuma we understand the stresses involved in running a small business. Our hassle-free (MTD compliant) subscription-based accounting services can take one of those stresses off of your hands. We help start-ups, sole traders, small businesses, freelancers, and Limited companies with their accounts and tax responsibilities so that they can spend more time running their businesses.
We will provide
- Data entry
- Monthly management accounts
- Bookkeeping
- VAT returns
- Payroll
- Statutory Year-End accounts
- Corporation or partnership tax return
- Self-assessment tax return
- Making Tax Digital compliant software
- Unlimited advice and support
- Expert Accountancy Team
Are you sure you're Making Tax Digital compliant?
Our free guide to Making Tax Digital
At this point you may still have questions about Making Tax Digital – hardly surprising!
So we’ve created a completely free e-book for you to read at your leisure and which should answer all of your questions about Making Tax Digital and the changes you’ll to make.