MTD (Making Tax Digital) -Tax Year 2026/27

Hi,

If you are a sole trader business owner, a property landlord under self-assessment, or a combination of both, you need to read this.

You may have received a letter from HMRC this Year, telling you that from the beginning of Tax

Year 2026/27, you must conform to their new Making Tax Digital (MTD) rules.

But what is MTD, you might ask, and how will it affect me?

Well, if your sole trader business, property landlord business or a combination of both, have in the

2023/24 Tax Year, a combined turnover/income of £50,000 or over, then you will be required from the 6th April 2026 to: -

1. Prepare timely digital record keeping for your income and expenditure

2. Make 4 Quarterly Accounts submissions per Tax Year to HMRC

3. Year-End Reporting

Are you getting prepared for what is being described as one of the biggest changes HMRC has

made to Self-Assessed Income in Years?

Keep in touch with us for further guidance and news on this and see how we can help you make

these changes going forward.

Brian

Cooper Curtis Accountants

If you would like to chat about your requirement for making tax digital, phone us during office hours on 01926 298918 or email; info@coopercurtis.co.uk

#hmrc making tax digital #making tax digital #digital tax returns #hmrc mtd # #mtd for income tax #making tax digital for income tax #2026 mtd income tax

Why Plan❓

It’s understandable that some things in business are out of your control, but sticking to a plan could stop you becoming frustrated and money being wasted.

With effective planning, you will have clear focus, fulfilment, and profitability with growth.

To book a Zoom call with me and receive your free confidential wealth report. Visit; https://lnkd.in/euhvuMnx

#businesscoach #businessowners #businessexecutives #businessadvisor

Three things business owners commonly say to us when looking for a Business coach and accountant are;

1️⃣ to understand them and their needs;
2️⃣ to be proactive with them;
3️⃣ To be with them for the long haul

Are these 3 points considered important to you when instructing a new service for your business?

Book a Zoom call with me and receive your free confidential wealth report visit; https://lnkd.in/euhvuMnx

#businesscoach #businessowners #businessexecutives #businessadvisor #businesssupport

Are You a ‘Bookie’ too? 📚

I don’t know about you, but I’m a sucker for buying books to read, and in particular, business books, new and old!

As a volunteer for a few hours every week at a large charity shop, I see newish and old business books that people have kindly donated to sell, first hand.
I buy them, read them and then re-donate them at a later date, unless they are real gems that I want to hold on to!

Some are heavy in content whilst others are short and, occasionally, quite amusing and some become rather dated in such a few years, such as some marketing (and tax!) books.

I find that reading helps broaden my knowledge to pass onto others, after experiencing 20 years at the coal face of being a business owner.

For example, two books that I have read recently and enjoyed are; -

💠  Black Box Thinking by Matthew Syed (Educational/Engaging)
You can purchase this on Amazon here; https://amzn.to/3QDmJlj

💠 It’s Called Work for a Reason by Larry Winget (Entertaining/Inspirational)
You can also find this on Amazon here; https://amzn.to/43cAte4

Are there any business books that you have particularly enjoyed or found useful that you have read recently?

The start of a year is a good time to create goals for business owners. But how do you create your goals? Are they defined as luxury items or a better financial standing? Or are they more directed towards wellness such as better health and knowledge? Here are some tips to help define them;

1️⃣ Introspect
When we introspect, more clarity can surface about what our goals mean to us at a deeper level. Link your past experiences to your future objectives.

2️⃣ Preparation
The more preparation we have, the better we can engage with obstacles and prevent us from diverting from our goals.

3️⃣ Values
Define clear goals aligned with your own values. Stay true to yourself and don’t be influenced and sidetracked.

By having your goals visible to you every day, they are always at the front of your mind, with the aim that your actions will be related to achieving them.

Do you think Wealth Coaching could help you achieve your goals? Through one-to-one meetings, I will listen to you and work strategically with your defined objectives in mind.

Book a free 1/2 hour wealth review video call with me and receive a confidential 3-page summary document showing your wealth priorities. The link to book your call is shown in the comments.

#businesssupport #businessowners #businessexecutives #futureplanning

Here we are at the start of another year!
But will you be able to make this year special one that draws a line in the sand as the starting point for better years ahead?

We frequently meet business owners who have goals in their heads but lack the knowledge, or time dedicated, to fulfil these.

Could you benefit from a guide to help you along the path to success, whatever you decide as to what success is?

To help you kickstart these goals, we offer a free initial 30-minute discussion, and, from this initial meeting, we will give you a one-page report which will provide a clear idea of what is needed to develop these goals further.

Next, we can prepare a more detailed strategic review, at least annually, to agree the required steps we need to take together to move the process forward helping you to move towards achieving your goals.

These aspirations that we can help you with might be;
·       Significant Business Growth and increasing your personal wealth
·       Improve your lifestyle
·       Increase the value of your business/Business Exit Planning
·       Leave a legacy and learn to love your business
·       Valuing yourself and the important things in life

Click the link in the comments box to book your free discussion with me.

hashtag#businesssupport hashtag#businessowners hashtag#businessexecutives hashtag#futureplanning