From April 2026, any sole traders or landlords earning a combined income of over £50,000 will need to comply with Making Tax Digital, with phased deadlines for lower income thresholds following in 2027 and 2028.

In this second episode in a special four-part mini-series on Making Tax Digital for Income Tax, Samantha Skyring from TaxAssist Accountants breaks down how to prepare for Making Tax Digital for Income Tax. She explains what the new system means for sole traders and landlords and why moving away from paper records sooner rather than later, will save stress.

Samantha highlights how the right HMRC-approved software can make quarterly updates a simple, automated process, while accountants can provide valuable support for those less digitally confident. She also shares how TaxAssist is helping clients transition through training, webinars and flexible service packages. With early preparation, Making Tax Digital doesn’t have to be daunting – it can even make record-keeping easier and more efficient.

Thanks to TaxAssist Accountants for sponsoring this mini-series on MTD for Income Tax. TaxAssist is currently offering listeners the opportunity to register for their free webinar for further advice on Making Tax Digital for Income Tax. You’ll get expert guidance on how to digitise your records and meet your obligations, as well as the opportunity to ask any burning questions. Click here to register.

Show notes for the episode can be found on the Start Your Own Business podcast website. Visit Start Up Donut and sign up to the Donut newsletter for more free start-up news, advice and special offers to help you save time and money.