Renaissance Business Services

📣 FREE MTD READINESS CHECKLIST

Not sure if you’re ready for the April 2026 changes?

I’ve put together a simple checklist to help you:
✔️ Understand if MTD applies to you
✔️ Check if your current system is compliant
✔️ See exactly what you need to do next

📩 Comment “CHECKLIST” or message me and I’ll send it over

Let’s get you ready before the deadlines hit 👍

💡 **MTD doesn’t have to be stressful**

I work with sole traders and small businesses every day, and here’s the truth:

👉 Those who prepare early will find MTD straightforward
👉 Those who leave it late will struggle

I’m already helping clients:
✔️ Choose the right software
✔️ Set up simple bookkeeping systems
✔️ Stay compliant with HM Revenue & Customs

If you want MTD to feel easy — now’s the time to start.

📅 MTD TIMELINE – WHAT ACTUALLY HAPPENS?

Let’s break it down simply 👇

👉 April 2026
You start keeping digital records

👉 July 2026
End of your first quarter

👉 7 August 2026
📌 First quarterly submission due

👉 Ongoing
Submit updates every 3 months + final declaration

It’s not just “more admin” — it’s a completely new system.

Getting set up early will save you time, stress, and mistakes later.

😬 Still using spreadsheets or a shoebox of receipts?

MTD is going to change everything.

From April 2026, sole traders will need to:
✔️ Keep digital records
✔️ Use approved software
✔️ Submit updates every 3 months

⚠️ If your bookkeeping is already a headache, this could quickly become overwhelming.

The earlier you prepare, the easier it will be 👍

Need help getting set up the right way? Just drop me a message.

🚨 SOLE TRADERS – A BIG TAX CHANGE IS COMING🚨

From April 2026, HM Revenue & Customs is changing how you report your income — and many people still don’t know about it.

If you earn over £50,000, Making Tax Digital (MTD) will apply to you. Thats turnover- not profit.

📊 Instead of one tax return a year…
You’ll be submitting updates every quarter.

📅 First deadline? 7 August 2026

Most people aren’t prepared yet — are you? 👇

Finally published my website- ok so its not perfect, but if you wait for perfection, you'll never get anything done. As they say 'done is better than perfect'. If you have a business idea, just go for it!

I am available to assist with your Tax submission this year- better to get it done now, rather than wait for the January deadline! :)

You may have seen some news about Making Tax Digital for Income Tax. I thought it might help to summarise the plans -please see the information below.

When MTD for Income Tax Starts

The new digital tax reporting rules (called MTD ITSA) will be introduced gradually based on how much money your business makes:

From April 6, 2026 If you're self-employed and your business earned more than £50,000 in the 2024-25 tax year, you'll need to start using the new digital reporting system.

From April 6, 2027 The threshold drops to £30,000 - so if your business earned more than £30,000 in the 2025-26 tax year, you'll need to join the system.

From April 6, 2028 The threshold drops again to £20,000 - meaning if your business earned more than £20,000 in the 2026-27 tax year, you'll be required to use digital reporting.

Smaller Businesses? If your business earns less than £20,000 per year, the government is still deciding what will happen. They're reviewing whether these smaller businesses will need to follow the new rules or can continue with the current system.

If you believe your business may fall into this category, I am happy to offer further advice and guidance

Excited to be expanding Renaissance- new branding, hopefully new customers!!