MTD Software Setup Checklist for Sole Traders and Landlords
Under HM Revenue & Customs (HMRC) regulations for Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) , sole traders and landlords earning gross qualifying income above £50,000 must use MTD-compatible software to maintain digital records and file quarterly updates. Whether you run a sole-trader business, manage a rental portfolio, or operate both, following a structured digital setup prevents last-minute filing bottlenecks and keeps you compliant with HMRC regulations. Working with qualified accountants in Ilford or your local tax software specialist ensures your accounting charts, digital bank links, and quarterly categories are correctly mapped before your first mandatory MTD quarter. MTD Software Setup Checklist for Sole Traders and Landlords What Is MTD for Income Tax (ITSA)? MTD for Income Tax replaces the traditional annual Self Assessment tax return for qualifying individuals. Instead of filing once per year, you maintain digital records of every income and...