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Making tax digital

Making Tax Digital is transforming the UK tax system. Sole traders, landlords and VAT-registered businesses will need to keep digital records and report income and expenses online.

Tax rates and tax thresholds

We've scoured the web to get you the most up-to-date advice which includes the most useful tools on offer from the officials themselves.

Business tax planning

Effective tax planning is essential if you are to minimise your tax bills. Simple tax planning can significantly reduce your tax liabilities.

Tax self-assessment

The self-assessment tax return is an unavoidable burden if you are liable for self-employed tax or have complicated income tax affairs.

Corporation tax

Corporation tax is charged on a company's profits. If you trade as a limited company, ensure that paying this tax is as painless as possible.

National Insurance

National Insurance Contributions (NICs) are payable whether you are self-employed or employed by your own company, although different rates apply.

Payroll and benefits

As well as your legal obligations, you’ll want to ensure that payroll is painless and that you use any opportunities to improve your tax-efficiency.

VAT

Effective VAT planning aims to ensure that VAT is relatively painless, and that you are reclaiming as much as possible of the VAT you pay.

Capital gains

Capital gains are made when you sell something for more money than you paid for it. As a result, you can be subject to tax. Take professional advice.

Commercial property taxes

Business property taxes apply to businesses with commercial premises.There are two commercial property taxes: business rates and stamp duty land tax.

Tax problems and investigations

If you have tax problems or face a tax investigation, it pays to seek professional advice and you must act rather than just hoping for the best.

New podcast series helps sole traders and landlords navigate MTD for income tax

9 September 2025

Submitted by Anonymous (not verified) on Tue, 09/09/2025 - 10:41

Start Your Own Business podcast launches new series on Making Tax Digital for income tax in partnership with TaxAssist Accountants

The Start Your Own Business podcast has announced the launch of a brand-new four-part series dedicated to helping sole traders and private landlords navigate the upcoming changes to Making Tax Digital (MTD) for Income Tax.

With MTD due to come into effect in April 2026, millions of individuals will need to adapt to digital record-keeping and quarterly reporting for the first time. The series will break down what this means in practice, explain who is affected, and provide practical advice to help business owners and landlords prepare with confidence.

Each episode will feature expert insights, clear guidance, and tips on the tools and systems available to make the transition smoother. From understanding eligibility and deadlines, to choosing software and staying compliant, the series aims to demystify MTD and give listeners the knowledge they need to stay ahead of the changes.

The series is supported by TaxAssist Accountants, the UK’s largest network of small business accountants, who bring a wealth of experience in supporting self-employed individuals and property owners through tax and compliance changes.

Fiona Prior, host of the Start Your Own Business podcast said, "Making Tax Digital represents a significant shift in how millions of people manage their finances. Our goal with this series is to take away the jargon and give sole traders and landlords the clear, actionable guidance they need to feel prepared and supported."

Episodes will be released weekly and will be available to stream on all major podcast platforms, including Spotify, Apple Podcasts, and Google Podcasts. The first episode, featuring Jo Nockels FCCA FMAAT of TaxAssist Accountants, explores how MTD for income tax will impact sole traders and small private landlords when it is introduced next April.

For more information and to listen to the new series, visit www.startyourownbusinesspodcast.co.uk

Written by Rachel Miller.

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New podcast series helps sole traders and landlords navigate MTD for income tax

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