In this episode I break down what the new UK tax year means with the introduction of Making Tax Digital, especially if you’re a sole trader around the £50k revenue mark. I cut through the online noise (and the accountant fear-mongering) to explain why this change can actually make tax simpler and help you feel more in control of your money. I share what you really need to set up, how often you’ll update HMRC, and why you don’t need expensive software or to outsource everything. I also explain what still falls under the old system, key timelines to be aware of, and what I’m encouraging my clients to do right now so they’re not juggling multiple tax worries at once.

FREE MAKING TAX DIGITAL TRAINING: https://emilienutley.myflodesk.com/nfcg321i87

00:00 New Tax Year Alert

02:00 Why MTD Helps

03:19 MTD Basics Explained

04:35 Pick Simple Software

06:36 Monthly Reconcile Habit

09:40 Quarterly Updates Made Easy

14:11 Avoid Deadline Panic

16:05 Who Must Register

18:21 Resources And Next Steps

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