Podcasts about Making Tax Digital

The world feels uncertain, and every bookkeeper is seeing the impact. In this episode of The Bookkeepers Podcast, we discuss anxiety in business, forecasting for uncertain times, the rise of AI, Making Tax Digital, and what the future looks like for the modern bookkeeper. We explore how a bookkeeper can help clients navigate uncertainty, where AI fits into the profession, and why human insight and data interpretation are becoming more valuable than ever. ----------------------------------------------- About us We're Jo and Zoe and we help bookkeepers find clients, make more money and build profitable businesses they love. Find out about working with us in The Bookkeepers' Collective, at: 6figurebookkeeper.com/collective ----------------------------------------------- About our Sponsor This episode of The Bookkeepers' Podcast is sponsored by Xero. Get 90% off your first 6 months by visiting: https://xero5440.partnerlinks.io/6figurebookkeeper ----------------------------------------------- Promotion This video contains paid promotion. ----------------------------------------------- Disclaimer The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast. Chapters: 00:00:00 - Introduction 00:00:33 - Current Events and Personal Experiences 00:01:06 - Impact of Global Events on Personal and Business Life 00:01:38 - Media Consumption and Its Impact 00:03:06 - Anxiety and Its Impact on Business 00:03:20 - Economic Changes and Their Impact 00:03:53 - Role of Forecasting in Business 00:05:09 - Preparation for Potential Crises 00:07:17 - Post-Covid Anxiety and Its Impact 00:09:57 - AI and Its Potential Impact on Business 00:11:09 - Tech Overwhelm and Its Impact on Productivity 00:12:30 - Vibe Coding and Its Potential Use 00:14:11 - Role of AI in Systematizing Business Processes 00:15:22 - AI and Systemizing Business Tasks 00:16:25 - AI in Data Interpretation and Extraction 00:17:55 - AI and the Human Element in Business 00:18:57 - AI and Professional Qualifications 00:20:14 - Claude and Xero Integration 00:22:09 - Using AI for Repetitive Tasks 00:24:51 - Cost and Risks of AI 00:27:27 - MTD and HMRC Changes 00:30:25 - Registering as an Agent with HMRC 00:30:48 - Experience at AccountEx 00:31:26 - Day Two at AccountEx 00:32:37 - Upcoming Events 00:33:10 - Closing Remarks #bookkeeper

Mark Morton breaks down the latest HMRC update on payrolling benefits, highlighting delays, phased rollouts, and growing complexity for businesses. With uncertainty around timelines, compliance, and reporting, the episode explores why the system may become even more confusing before it improves.For more information on this topic and more, please visit www.mercia-group.com for further details.

Late registration for self employment can quickly become a cash flow problem. Missing HMRC deadlines may lead to penalties, backdated returns, VAT issues, and unnecessary stress for sole traders and new business owners. About this episode When a business starts, it is easy to focus on websites, branding, customers, bank accounts, and sales. However, basic tax compliance matters from the very beginning. In this episode, we explain what can happen when self-employed businesses fail to register on time. We cover the registration threshold, the 5 October deadline, failure to notify penalties, voluntary disclosure, Making Tax Digital, backdated tax returns, and VAT registration risks. This episode is especially useful for sole traders, side hustlers, freelancers, and new business owners who may not realise that HMRC looks at total sales before expenses, not just profit. What you'll learn in this episode When self-employed registration becomes mandatoryWhy the £1,000 threshold is based on sales, not profitWhy the 5 October deadline mattersHow late registration can affect cash flowWhat failure to notify meansWhy voluntary disclosure can reduce penaltiesHow Making Tax Digital changes compliance habitsWhy VAT registration can create a separate financial risk Why late registration for self employment matters Late registration for self employment is not just a paperwork issue. It can expose a business owner to HMRC penalties, backdated tax returns, interest, and extra pressure on the bank balance. The key point is that HMRC looks at total sales before expenses. If total trading income goes over the relevant threshold, we cannot simply deduct costs, look at the profit, and use that lower figure to avoid registration. If you are starting out as a sole trader, our episode on Tax and Your Self Employed Business is a useful next step for understanding the wider tax position. “Never assume that small revenue numbers mean the tax man will ignore you.” The £1,000 trading income point One of the most important points in this episode is that the registration point is based on sales, not profit. That means we look at total income before deducting business expenses. This matters because a business may have low profit, or even early trading losses, but still need to understand whether Self Assessment registration applies. Why voluntary registration may still help Voluntary registration can sometimes be sensible, especially where the business has early trading losses. Depending on the wider personal tax position, those losses may help when preparing a tax return. The main message is simple: track every transaction from day one. Good bookkeeping helps us understand sales, expenses, profit, tax exposure, and whether registration is needed. The 5 October deadline The key deadline for telling HMRC about new self-employed income is 5 October following the end of the tax year. Missing that date can put the business owner into late registration territory. For example, if someone starts trading in May 2025, the deadline for informing HMRC would be 5 October 2026. Waiting until the tax payment deadline is not the same as registering on time. Failure to notify and HMRC penalties When someone does not tell HMRC about taxable income on time, this can fall under failure to notify rules. Penalties can depend on the tax owed, the length of the delay, and whether the behaviour was careless, deliberate, or corrected voluntarily. Coming forward before HMRC contacts us is usually better than waiting. An unprompted disclosure can help reduce the penalty position and show that we are trying to correct the problem. Practical steps if you have registered late Do not ignore the problemWork out when the business started tradingGather income and expense recordsRegister with HMRC as soon as possiblePrepare any missing tax returnsMake a voluntary disclosure where appropriateSpeak to a qualified adviser if several years are involved Backdated tax returns can become expensive If a business has been trading under the radar for several years, HMRC may expect tax declarations from the date the business started. That can mean backdated tax returns, late filing penalties, interest, and a larger bill than expected. Late filing penalties are separate from failure to notify penalties. This means the costs can build up quickly if the issue is left unresolved. Making Tax Digital and digital records Modern UK tax compliance is becoming more digital. Making Tax Digital increases the importance of proper bookkeeping, regular updates, and reliable accounting systems. Poor records make deadlines harder to manage. If quarterly updates, digital record keeping, or bookkeeping systems are relevant to your business, it is worth getting organised early rather than waiting until HMRC pressure builds. If you need help putting better systems in place, our Xero accounting support can help you improve bookkeeping and digital record keeping. Do not forget VAT registration Self Assessment is not the only registration risk. As a business grows, VAT can become another major compliance area. If taxable turnover passes the VAT registration threshold, the business may need to register for VAT. Late VAT registration can mean backdated VAT on past sales, even where VAT was not charged to customers at the time. That can damage profit margins and cash flow. Our episode on VAT in the UK: How It Works and How to Stay Compliant explains the wider VAT position for businesses. Why ignoring the problem makes it worse Many people do not register late because they set out to avoid tax. Sometimes the issue starts as a mistake, then becomes harder to face as time passes. Fear and anxiety can make the delay even longer. The problem is that waiting rarely improves the position. The sooner we act, the easier it is to organise records, explain the delay, reduce penalties where possible, and rebuild control over the numbers. Practical steps to stay compliant Track all sales from the first day of tradingDo not confuse sales with profitPut the 5 October registration deadline in your calendarKeep digital records where possibleReview whether VAT registration may applyAsk for help before HMRC contacts youDeal with historic errors quickly and honestly Related episodes Tax and Your Self Employed BusinessThe Benefits of Operating as a Sole TraderVAT in the UK: How It Works and How to Stay Compliant Key takeaway Late registration for self employment can create penalties, backdated tax returns, VAT problems, and unnecessary stress. The best approach is to know the registration rules, track income properly, act before HMRC contacts us, and get professional help where needed. Do not ignore registration if you have met the criteria. Get organised, fix the problem early, and protect your bank balance. Plan it, Do it, Profit. Share this episode Share this episode: Listen on Apple Podcasts

Ryan Pearcy and Indi Tatla cover a big week in accounting tech, from Starling's contested MTD launch to Intuit cutting 3,000 jobs and Xero's push to own the workflow layer. Starling Bank launched Accounting Essentials in March, a free bookkeeping and MTD submission tool for sole traders and landlords built on its acquisition of Ember. Indi walks through Lucy Cohen's analysis, which found 18% of entries in a fully reconciled ledger had no corresponding bank entry for the same period. That raises serious questions about what happens when AI-categorised bank data is the primary input for MTD submissions. Ryan notes that Starling had built a strong accountant partner channel and the "job done" framing has damaged those relationships. Neither host disputes the product's convenience. Both dispute that convenience is the same thing as accuracy. Xero has announced XeroForce, a no-code agent builder that lets practices describe repeatable processes in plain English and run them as automated workflows across clients and connected apps. The ambition is to shift Xero from the ledger layer to the workflow layer, with audit trails and sign-off controls across an entire client base. Indi is sceptical about how it performs against messy real-world data and edge-case tax rules. Ryan raises whether XeroCon might be where Xero fills in the technical detail. Intuit has cut around 3,000 roles, 17% of its global workforce, across QuickBooks, TurboTax, Credit Karma and Mailchimp, announcing the cuts on the same day it raised its full-year revenue guidance. Indi frames it as AI shifting from feature roadmap to operating model, and notes that Intuit has a history of testing "you don't need an accountant" messaging in other markets before the UK. Also covered: Starling adds Tap to Pay via Adyen; Bokio exits the UK on 30 June with six weeks notice to users; Sage Copilot now included in Sage Business Cloud Accounting at no extra charge; Ignition launches beta integrations with Vinyl and FYI; a correction on Xero Workpapers access when clients disconnect; and Xero practitioner awards are not running in the UK this year. 00:00 Welcome to the Digi-Tools in Accrual World podcast 03:55 Starling says 'job done' on Making Tax Digital. Accountants have thoughts. 11:17 Starling adds Tap to Pay via Adyen, extending its accounting suite to contactless payments 13:10 XeroForce: Xero launches a no-code AI agent builder for financial workflows 19:18 Bokio exits the UK on 30 June, giving users six weeks to save their data 22:12 Intuit cuts 3,000 jobs and signs deals with Anthropic and OpenAI 25:42 Sage Copilot now available to all Sage Business Cloud Accounting users at no additional charge 27:40 Ignition launches Vinyl and FYI integrations 31:00 Xero Workpapers Correction 32:40 Xero practitioner awards skip the UK in 2026, with the programme running in other regions 36:33 Rate, Subscribe and Nominate for the Digital Disruptor Awards

This episode of Fresh Perspectives explores Making Tax Digital for Income Tax and what it means for business owners, landlords and the self-employed as the biggest change to the UK tax system in decades comes into effect. Rob Brown is joined by Anita Holmes, MTD Client Services Director at Azets, and Stuart Miller, Director of Product Compliance and Industry Engagement at Xero, to explain what the new rules mean in practice and who is impacted. We cover the key dates, what quarterly reporting involves and whether this marks the end of the traditional self-assessment process. The discussion highlights how prepared businesses really are, with recent data showing that most people have yet to take meaningful steps towards compliance. Anita shares insights from Azets' involvement in the HMRC beta programme, including common client concerns and where businesses are already facing challenges. We also look at the potential benefits of this shift, including improved visibility, better decision making and fewer last-minute surprises, as well as how the rules may evolve in the coming years. You can connect with Anita Holmes and Stuart Miller on LinkedIn +++ Fresh Perspectives is the business podcast from Azets where advisers, experts and leaders share fresh thinking to help you move forward with confidence. Each episode explores real-world challenges and opportunities for business owners and entrepreneurs, from finance and growth to leadership and technology. Formerly Bang The Drum, the show continues Azets' commitment to sharing practical advice, new ideas and inspiring stories from across the business community. This podcast has featured at #1 in the Apple Podcast charts for Management podcasts and #19 in the Apple Podcasts charts for Business podcasts. Follow and subscribe to Fresh Perspectives on your favourite player, leave a review and share it with others who you think might enjoy it. Find more about Azets at www.azets.com. Contact us at podcast@azets.co.uk.

Tommy and Ed were invited to speak at the Association of Independent Specialist Medical Accountants (AISMA) Conference, then Tommy roamed around finding experts to interview in true Medics' Money style! AISMA chair Lizzie Lloyd highlights sessions on funding, tax and collaboration, advising doctors to focus on upcoming 2026/27 contract changes, budgeting and planning despite limited detail on the new GP scheme and “neighbourhoods.” Medics' Money legend Andy Pow says the conference focus is neighbourhoods but details remain unclear, notes major funding differences across the UK nations, flags Making Tax Digital, and warns uncertainty around the Carr-Hill formula and rising workload from advice-and-guidance and digital access without matching funding. Pete Farrier explains benchmarking, regional and practice-model variance, and improving finances via claims, effective PCN/federation working, and staffing/partnering. Sarah Edwards outlines AISMA's Next Gen/AISMA Academy training videos for medical accounts. Will Ellis of BW Healthcare Surveyors stresses that ~89% of practices are underpaid on notional rent, offers no-win-no-fee checks, and recommends reviewing every three years.00:00 Conference Intro01:27 Meet The AISMA Chair02:31 GP Contract Uncertainty04:04 Andy Pow On Funding06:32 Contracts Workload Pressures07:56 Benchmarking GP Performance09:43 Boosting Practice Earnings11:45 Private Work And Tax Planning13:49 AISMA Next Gen Academy16:51 Premises And Notional Rent19:28 Final TakeawaysWant the latest financial tips for doctors and exclusive invites? Join 71,000 doctors here https://www.medicsmoney.co.uk/join-medics-money/Want a free assessment of your finances? Click here https://medics-hnz5twj1.scoreapp.comWant to improve your finances fast? Then come on our coursehttps://www.medicsmoney.co.uk/medics-money-financial-wellbeing-course/Want to find out more about our other courses?www.medicsmoney.co.uk/coursesFollow us on InstagramFollow us on TwitterDisclaimer:The information provided in this content is for educational and informational purposes only and does not constitute financial advice. You should not rely on this content as a substitute for professional advice tailored to your specific financial situation. The value of your investments can go down as well as up. Past performance is not indicative of future results.

Steve Coyle, Managing Director of Cullen Property, returns to the Citylets podcast to discuss what Scotland's recent election result could mean for the private rented sector. Topics include the Housing (Scotland) Act 2025, rent controls, EPC reform, landlord compliance, Making Tax Digital and the wider direction of housing policy in Scotland.

Special Offer: Get 15% OFF your first FIGS order with code FIGSUK at checkout.Shop now at https://www.wearfigs.com/———————————————————————UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club———————————————————————Quarterly tax reporting is coming for self-employed dentists, and the fine print matters more than most people realise. We sit down with Vanessa, a tax partner specialising in the dental sector, and Anita, an MTD Client Services Director, to make Making Tax Digital for Income Tax feel practical rather than intimidating.We talk through what HMRC actually requires: digital records, MTD-compatible software, and quarterly updates submitted one month and seven days after each quarter end. We clarify who is in scope from April 2026, why the £50,000 threshold is gross qualifying income (and why “qualifying” means self-employment and rental income), and how the phased reductions to £30,000 and £20,000 may pull more UK dentists in over time. We also explain the final declaration that replaces the traditional Self Assessment return for the 2026 to 2027 tax year onwards, plus what still gets added at year end.From there, we get tactical. What does a dental associate report when the bank only shows net pay? How do you handle mixed NHS and private income, side income streams, or rental property? We discuss software choices including Xero, Sage and QuickBooks, the pros and cons of bank feeds, why separating business and personal accounts saves stress, and how to avoid messy reconciliations that create problems later. If you want support, we also outline service options from light-touch review to fully managed reporting and quarterly planning.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.Send us Fan Mail

Join Harry (@FPLHarry ), Stephen (@FPL_Gallagher) & Tom as they present their FINAL FPL teams for GW38 and explore the stats surrounding Salah, Porro and Flemming! ━━━━━━━━━━━━━ https://www.sumup.com/en-gb/business-account/making-tax-digital/ The landscape for Sole Traders has changed with Making Tax Digital for Income Tax now live in the UK.  Since 6th of April 2026 sole traders earning over £50,000 must keep digit records and submit quarterly updates to HMRC using approved software. That's where SUMUP comes in.  SumUp has built a free, simple software solution to support sole traders through this change. The best thing - it's free and there is no monthly fee! Getting started is easy — just search “SumUp MTD” ━━━━━━━━━━━━━ WIN GW38 FOR FREE: https://bit.ly/FFScoutYT ✖️ Twitter: https://x.com/ffscout ☁️ Bluesky - https://bsky.app/profile/ffscoutfpl.bsky.social

Az and Sam are here to answer your FPL dilemmas ahead of GW37! Join for FPL advice, tips and transfer suggestions. ━━━━━━━━━━━━━ https://www.sumup.com/en-gb/business-account/making-tax-digital/ The landscape for Sole Traders has changed with Making Tax Digital for Income Tax now live in the UK.  Since 6th of April 2026 sole traders earning over £50,000 must keep digit records and submit quarterly updates to HMRC using approved software. That's where SUMUP comes in.  SumUp has built a free, simple software solution to support sole traders through this change. The best thing - it's free and there is no monthly fee! Getting started is easy — just search “SumUp MTD” ━━━━━━━━━━━━━

In this episode, Bill is joined by Vicky Clark from The Pet Accountant for a no-nonsense conversation about pricing, profit, numbers, and the realities of running a pet business.They dive into why pet professionals need to stop copying everyone else's prices, why small £3 or £5 increases often are not enough, and why knowing your numbers is essential if you want to build a sustainable business. Vicki shares her thoughts on pricing properly, working with the right clients, breaking through the VAT threshold, and why Making Tax Digital may be more “Making Tax Difficult” for many business owners.Bill and Vicki also chat about Crufts, trade stands, strange encounters behind the stand, the value of networking, and what pet professionals can expect from this year's Pet Pro Expo in Birmingham.Expect plenty of laughs, honest opinions, business lessons, and practical reminders that if you want to grow your pet business, you need to understand your numbers, charge properly, and surround yourself with people who push you forward.As always, I'd like to thank the podcast sponsor, Lopay, the low-cost payment platform that helps you keep more of the money you earn.You can find out more and sign up for Lopay here:https://merchant.lopay.app/ref/PETPASSION2500Listeners of this podcast get £2500 of fee-free transactions.And if you'd like support building a stronger, more profitable grooming business, visit:https://petpassiontoprofit.com/If this episode inspired you to take control of your pricing and finances, make sure you subscribe and share it with another groomer who's ready to level up.

In this episode, Bill is joined by Vicky Clark from The Pet Accountant for a no-nonsense conversation about pricing, profit, numbers, and the realities of running a pet business.They dive into why pet professionals need to stop copying everyone else's prices, why small £3 or £5 increases often are not enough, and why knowing your numbers is essential if you want to build a sustainable business. Vicki shares her thoughts on pricing properly, working with the right clients, breaking through the VAT threshold, and why Making Tax Digital may be more “Making Tax Difficult” for many business owners.Bill and Vicki also chat about Crufts, trade stands, strange encounters behind the stand, the value of networking, and what pet professionals can expect from this year's Pet Pro Expo in Birmingham.Expect plenty of laughs, honest opinions, business lessons, and practical reminders that if you want to grow your pet business, you need to understand your numbers, charge properly, and surround yourself with people who push you forward.As always, I'd like to thank the podcast sponsor, Lopay, the low-cost payment platform that helps you keep more of the money you earn.You can find out more and sign up for Lopay here:https://merchant.lopay.app/ref/PETPASSION2500Listeners of this podcast get £2500 of fee-free transactions.And if you'd like support building a stronger, more profitable grooming business, visit:https://petpassiontoprofit.com/If this episode inspired you to take control of your pricing and finances, make sure you subscribe and share it with another groomer who's ready to level up.

https://www.sumup.com/en-gb/business-account/making-tax-digital/ The landscape for Sole Traders has changed with Making Tax Digital for Income Tax now live in the UK.  Since 6th of April 2026 sole traders earning over £50,000 must keep digit records and submit quarterly updates to HMRC using approved software. That's where SUMUP comes in.  SumUp has built a free, simple software solution to support sole traders through this change. The best thing - it's free and there is no monthly fee! Getting started is easy — just search “SumUp MTD” ━━━━━━━━━━━━━ Join Harry ( @FPLHarry  ) & Tom as they present their FPL teams for GW37 and explore the stats surrounding Trossard, Bowen and Tarkowski!

On this bonus episode, we hear from PensionBee customer Becca. Auto-enrolled into her first workplace pension without a second thought, she assumed retirement saving would always just happen in the background. Then she went self-employed, and for eight years, it didn't happen at all. We explore the self-employed pension gap with the help of pensions expert Dani Skerrett, Head of Content Marketing at PensionBee, covering everything from why Auto-Enrolment leaves millions of freelancers and sole traders behind, to the surprising cost of those years of disengagement. We also share how contributing just £30 a month can make a difference of thousands of pounds by retirement.   Episode breakdown 00:34 Meet Becca 03:30 The self-employed pension gap 06:19 What stops self-employed people saving? 09:43 The cost of disengagement 14:26 Becca's belief in teaching kids about money   Further reading and listening To learn more about the topics discussed in this bonus episode, check out these articles and podcasts from PensionBee: E8: How to teach kids about money (Podcast) E37: The easiest way to retire with more money (Podcast) E40: The ADHD tax - how much is it costing you? (Podcast) 6 pension tips for sole traders (Blog) How to manage pension contributions from multiple incomes (Blog) Private pensions for the self-employed (Article) What is Making Tax Digital and how can sole traders prepare? (Blog) What pension can I get if I'm self-employed? (Article)   Other useful resources Pension Calculator (PensionBee) Retirement Living Standards (Pensions UK) Working for yourself (GOV.UK)   Catch up on the latest news, read our transcripts or watch on YouTube: The Pension Confident Podcast The Pension Confident Podcast on YouTube Follow PensionBee (@PensionBee) on TikTok, YouTube, Instagram, LinkedIn, Facebook, X and Threads. Enjoying the podcast? Tell us what you think below and give us a review or rating. As always we'd love to hear your suggestions and feedback. Send us an email: podcast@pensionbee.com.

For MTD advice and to ensure compliance, contact Azets here: https://hubs.la/Q04dwtwK0Making Tax Digital for Income Tax: What UK Doctors Need to Know (MTD for Income Tax 2026) The Medics' Money podcast discusses Making Tax Digital for Income Tax (MTD for Income Tax), described as the biggest UK tax filing change for doctors since the late 1990s, with guests Adrian Cousens and Anita Holmes from specialist medical accountants Azets. They explain that from 6 April 2026, individuals with over £50,000 of combined qualifying turnover (sole trade/self-employment and rental income, based on 2024/25) must keep digital records using HMRC-approved software and submit four quarterly updates plus a final annual return, with the first quarterly deadline on 7 August 2026. Partnerships (including GP partnerships) and limited company income are not initially in scope, but GP partners may still be affected by outside sole trade or rental income; thresholds later drop to £30,000 and then £20,000. Key advice is to prepare early, consider moving from spreadsheets to software, manage new deadlines, and seek specialist advisor support.00:00 MTD Big Change Intro01:00 Meet The Experts02:50 What Is MTD for Income Tax03:51 Why Act Now05:29 Beta Lessons And Wins07:50 Who Is In Scope11:18 Key Dates And Deadlines11:50 Digital Records And Software13:27 Quarterly Updates Explained14:16 Not Ready Soft Landing16:25 Pain Points And What To Report21:07 Accountant Roles And Packages22:52 Thresholds Future Scope Rules27:04 Final Advice And Wrap Up

After the latest round of County Championship matches we are sure of one England opener after Ben Duckett's excellent undefeated double hundred for Notts today. But after a shocking dismissal for 17 continuing a poor run of scores, Zak Crawley's fate is sealed. Simon Hughes and Simon Mann lament the fading of his star, and consider the likely replacements. They also discuss the astonishing hattrick on debut by Glamorgan's Tom Norton, Josh Tongue's continued hostility with the ball which caused England teammate Gus Atkinson to summon a concussion substitute, and which spinner, if any, will get the England call-up. This podcast is in association with SumUp and Making Tax Digital. Visit https://www.sumup.com/en-gb/business-account/making-tax-digital/ for more details Learn more about your ad choices. Visit podcastchoices.com/adchoices

https://www.sumup.com/en-gb/business-account/making-tax-digital/ The landscape for Sole Traders has changed with Making Tax Digital for Income Tax now live in the UK.  Since 6th of April 2026 sole traders earning over £50,000 must keep digit records and submit quarterly updates to HMRC using approved software. That's where SUMUP comes in.  SumUp has built a free, simple software solution to support sole traders through this change. The best thing - it's free and there is no monthly fee! Getting started is easy — just search “SumUp MTD” Az and Sam are here to answer your FPL dilemmas ahead of GW36! Join for FPL advice, tips and transfer suggestions.

Join Harry (⁠@FPLHarry⁠) & Stephen (⁠@FPL_Gallagher⁠) as they present their FPL teams for GW36 and explore the stats surrounding Saka, Gyökeres and Lacroix.  ━━━━━━━━━━━━━ https://www.sumup.com/en-gb/business-account/making-tax-digital/ The landscape for Sole Traders has changed with Making Tax Digital for Income Tax now live in the UK. Since 6th of April 2026 sole traders earning over £50,000 must keep digit records and submit quarterly updates to HMRC using approved software. That's where SUMUP comes in.  SumUp has built a free, simple software solution to support sole traders through this change. The best thing - it's free and there is no monthly fee! Getting started is easy — just search “SumUp MTD”.

Matt Jeffery, from Zeal Tax, joins Host Planet Bitesize – powered by Hostfully – to walk UK holiday let owners through the four tax topics that need to be on every operator's radar this year: Making Tax Digital, capital allowances, business rates, and why filing your tax return early matters more than usual in 2026.Most holiday let owners have never claimed capital allowances — and the window of opportunity is still open.0:38 Getting familiar with Making Tax Digital3:11 What MTD actually means (and whether your accountant will handle it)6:32 Capital allowances: the window of opportunity8:43 Why most holiday let owners haven't claimed10:22 Do your tax return early this year12:13 Switching to business rates and appealing your bill14:56 Zeal's Tax Resource Hub: https://gozeal.co.uk/pfb-members-resource-hub/Looking for a great property management software or digital guidebook? You need Hostfully!Check out these special offers:Property Management Software: Get $500 off onboarding by using the code PLANET500.Digital Guidebooks: Get 30% off for life by using the code HOSTPLANETGB.Click here to sign up for Hostfully: https://www.hostfully.com/host_planetKeen to book a Hostfully demo? Click here to connect with Frank Bosi: https://tinyurl.com/Hostfully-DemoEmail Frank: frank@hostfully.com Host Planet: https://www.hostplanet.club/James Varley: https://www.linkedin.com/in/jdsvarley/Matt Jeffery: https://www.linkedin.com/in/matt-jeffery-156a8245/Zeal Tax: https://gozeal.co.uk/services/industries/hch-furnished-holiday-lets/Episode to check next: Full-Time Job + Airbnb Income? Here's How: https://www.youtube.com/watch?v=62oitcfez1IThe Host Planet Podcast is where Airbnb hosts, Booking.com hosts, Vrbo hosts, and short-term rental operators come to learn what actually works. Each episode features expert insights from people actively building, managing, and scaling short-term rentals, covering everything from Airbnb hosting fundamentals to advanced rental strategies. Whether you're focused on guest satisfaction, rental management, or smarter automation tips, the show delivers practical advice you can apply immediately to improve performance and increase Airbnb bookings.Across the series, we explore Airbnb host tips, listing optimization, price optimization, and Airbnb listing optimization – alongside real-world investing insights and behind-the-scenes Airbnb secrets you won't hear elsewhere. From hosted conversations with industry leaders and Airbnb ambassadors to actionable guidance on bookings and short-term rental growth, Host Planet helps hosts navigate short term rentals with confidence and clarity.The show is presented by James Varley, a holiday let investor and property manager who is also the Founder of Host Planet. Before founding Host Planet, James spent 20 years in the media, including a decade leading corporate communications for the FIFA World Cup Qatar 2022.Contact the show: info@hostplanet.club#HostPlanet #HostPlanetPodcast #HostPlanetBitesize #ShortTermRentals #VacationRentals #HolidayLets #Airbnb #BookDirect #PropertyManagement #PropertyInvestment #BookingCom #Vrbo #JamesVarley #Hostfully #PMS #DigitalGuidebooks #SpecialOffer #DirectBookings #STRMarketing #ZealTax #MattJeffery #CapitalAllowances

Making Tax Digital for income tax is HMRC's biggest shake-up of self assessment for decades, but are you ready? The new system will involve filing quarterly updates as well as a final return via third party software. This year it'll affect 860,000 sole traders and landlords with a turnover of £50,000. In the coming years the threshold will fall, bringing a total of nearly three million people into the new system.Felicity Hannah is joined by Jonathan Athow, HMRC's director general for strategy and policy, to take listeners' questions about how it all works and what they need to do to prepare. We also hear from Emma Rawson, from the Association of Tax Technicians, a professional body for tax advisers.Presenter: Felicity Hannah Producers: James Graham and Rob Cave Editor: Jess Quayle Senior News Editor: Henry Jones(First broadcast 3pm Wednesday 1st April 2026)

This week on The Tax Factor, Suzanne Briggs and Heather Powell begin with a roundup of the top tax stories making headlines before moving into a discussion of several key property tax cases. These include a VAT dispute involving a nursery development and an SDLT case considering whether a property with extensive grounds could qualify for mixed-use treatment. The episode also looks at a main residence relief case where HMRC challenged the taxpayer’s position, but the tribunal ultimately found in their favour. The discussion highlights how fact-specific these cases are and how small details can make a significant difference to the outcome. Finally, Suzanne and Heather turn to the wider theme of increasing tax complexity, covering developments such as Making Tax Digital, landlord reporting requirements and broader proposals that could add further compliance obligations for taxpayers and businesses.See omnystudio.com/listener for privacy information.

Check if your dental practice qualifies for capital allowances here >>> https://www.dentistswhoinvest.com/chris-lonergan———————————————————————UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club———————————————————————Frozen thresholds can be more painful than a tax rate rise, and dentists are feeling it everywhere: higher marginal rates, the £100,000 personal allowance trap, and less room for error when cashflow is tight. I'm joined by accountant Matthew Norton from DJH to map the UK tax changes that matter most in the 2026 to 2027 tax year, with plain-English explanations and the practical “what would you do differently on Monday?” angle.We dig into fiscal drag, National Insurance pressures on practices, and the student loan reality for Plan 2 dentists, including why repayments can barely touch the balance when interest is high. Then we get into the big behavioural shift: Making Tax Digital for Income Tax. If your self-employed turnover crossed the £50,000 line, quarterly reporting and the right MTD software are now essential, and getting set up early is the difference between smooth compliance and last-minute panic.From there we tackle dividend tax changes, the tiny dividend allowance, and why the old salary-and-dividends routine needs a fresh look for limited company dental practices. We also cover tax-efficient choices that can still work, like keeping money inside the company when you don't need to extract it, the logic behind holding companies and family investment companies, and the current incentives around electric company cars and benefit in kind.To finish, we look forward: Business Asset Disposal Relief and capital gains tax changes that affect practice sales, the April 2027 cash ISA limit shift for under-65s, and the growing concern that private pensions may be pulled into inheritance tax planning. Subscribe for more dentist-focused money and tax planning, share this with a colleague, and leave a review if you want more deep dives like this.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.Send us Fan Mail

In this post‑Easter episode, Mark Morton shares his reflections on recent tax developments and policy decisions. From frustration with Making Tax Digital and fuel duty at the pump, to mileage rates that offer little real‑world help, Mark also highlights growing concerns around the recovery of winter fuel payments from pensioners and the risks of PAYE coding errors. A candid look at the increasingly baffling world of UK tax.For more information on this topic and more, please visit www.mercia-group.com for further details.

We walk through the new tax year changes that hit dentists and dental practice owners first, from frozen thresholds and fiscal drag to payroll cost rises and dividend tax. We then zoom out to the systems and decisions that protect profit: MTD readiness, cloud accounting, automation, smarter borrowing, and building a practice that can grow without breaking you.• personal allowance and income tax bands staying frozen and why fiscal drag feels like a hidden tax • self employed national insurance changes including Class 2 being abolished with voluntary contributions for State Pension credits • employer NI increase and secondary threshold change plus what it means for staffing costs • national living wage rises and how cost pressure shows up in practice margins • dividend allowance staying low and dividend tax rate increases plus dividend planning across 2025 to 26 • pension annual allowance and using company cash efficiently • capital gains tax rates and business asset disposal relief moving to 18% • capital allowances changes including first year allowance reduction and why car emissions rules matter • IR35 risk for associates and why contracts must reflect genuine self employment • key self assessment and reporting deadlines plus why you should keep them on a calendar • Making Tax Digital for Income Tax from April 2026 and the quarterly update model • why Xero and cloud bookkeeping improve tax planning management accounts and decision making • PMS integration and the KPIs to monitor such as revenue per chair staff costs and cash runway • common accounting pitfalls including personal spend inconsistent bookkeeping and no monthly close • Samera AI approach to bringing practice data into one place and automating associate pay • dental practice finance basics including LTVs interest ranges and the startup versus goodwill picture • what lenders want plus deal red flags and why independent buyers' advice matters • offshoring bookkeeping and finance work safely with training process and GDPR controls • growth stages from founder led to multi site plus group structure and becoming sale readyJust reach out to myself, reach out to Euros, reach out to Natasha, go to our website If you require any help, don't hesitate to reach out to the Samera team at www.samera.co.uk. We are all here to help you!Thank you,The Samera Team

This week we break down Making Tax Digital (MTD) for income tax and explain what it means for six- and seven-figure business owners, landlords and the self-employed. Claire defines MTD, why HMRC is moving to digital records and quarterly updates, and how the change affects people with rental income or sole-trader/self-employed turnover. They cover who is in scope (personal rental income and self-employment turnover), the current and planned thresholds (50k in April 2026, falling to 30k then 20k in later years), what's excluded (limited companies, salary/dividends, LLPs and most partnerships), and practical steps: using compatible software, record-keeping, and the likely impacts on cashflow and accountants' processes. ⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together! ⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe ⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book   VALUABLE RESOURCES Website LinkedIn YouTube Facebook ABOUT THE HOST: Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers. As a finance director & chartered management accountant, Claire has nearly 20 years' experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business. Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn't working and where your opportunities lie. Claire's mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.    *The content of this podcast is for entertainment purposes only and does not constitute professional advice.

Welcome to the MTD Watch Series - the podcast series dedicated to everything Making Tax Digital.Brought to you by the Ask the Accountant Podcast Network!Hosted by Aaron Patrick, Amy Hancock, and Suzannah Whelan, this weekly show dives deep into the most important updates, challenges, and opportunities surrounding MTD for ITSA and beyond.From compliance countdowns to digital workflows, from pricing pitfalls to tech that works, we're here to keep accountants, bookkeepers, and business owners fully in the loop.

Sole trader or Landlord? This one is for you. In this episode Dan runs through what you need to do under the new Making Tax Digital rules that have finally began! It all kicks off from 6th April 2026. He chats about Xero, MTD registration, HMRC, Quarterly reporting, choosing software, getting paid…. all this and more on today's HeelanHub! www.heelanassociates.co.uk/podcast - the show for UK small business owners. info@heelanassociates.co.uk 02392 240040

In this episode of The Freelancers Tea Break, host Emma Cossey shares her essential quarter two to-do list for freelancers. In this episode, you'll learn: What Making Tax Digital means for freelancers and how to prepare for it How to set up your bookkeeping systems and stay on top of your finances for the new tax year Why now is the perfect time to reflect on your quarter one goals How to set meaningful quarter two goals that go beyond just the numbers Timestamps: 0:00 Introduction 1:35 Making Tax Digital — What You Need to Know 3:14 Organising Your Receipts & Folders 4:12 Building Good Financial Habits 5:11 Reflecting on Your Q1 Goals 6:17 Setting Your Q2 Goals 8:12 Recap & Final Thoughts Episode Links: Harriet's Making Tax Digital advice Follow me on Instagram Follow me on Bluesky Email: hello@emmacossey.com  Come join us in the free Freelance Lifestylers Facebook group Want more support? Check out the Freelance Lifestyle School courses and membership. Join the Freelance Lifestyle Discord Community: https://discord.gg/RKYkReS5Cz Order my book: The Freelance Lifestyle: Your Friendly Guide to Starting a Freelance Business  

Join us for this episode of the Making Tax Digital Watch Series, where our hosts, Aaron Patrick, Suzannah Whelan and Amy Hancock dive into the real-world challenges of MTD.With deadlines fast approaching, we discuss how accountants are preparing their clients, choosing the right software, and adapting processes to stay compliant, all whilst navigating uncertainty around final declarations and evolving tools.If you're an accountant, bookkeeper, or business owner trying to get ahead of MTD, this is a must-watch conversation packed with practical insights and honest experiences.

Send Me A Message!The new MTD (Making Tax Digital) regulations start at the beginning of the new tax year 2026/27. Are you ready? Do you know what it means? Why are HMRC doing this?NOTE - Nothing discussed in the show amounts to official advice, we are not qualified tax advisors, always seek your own advice from a qualified accountant.I'm joined by the infamous "Bargain Bell" for this podcast.Plus the usual honest interactive reseller chat you've become accustomed to!My YouTube channel - https://www.youtube.com/@CarBoot_Chris?sub_confirmation=1My Website - http://www.carbootchris.comSupport the show

Making Tax Digital (MTD) is one of the biggest changes to the UK tax system in decades, and it will significantly impact self-employed business owners and landlords who own residential property in their personal name. If you currently submit a Self-Assessment tax return once a year, these new rules will change how and when you report income to HM Revenue & Customs (HMRC). Starting 6 April 2026, under the new Making Tax Digital for Income Tax (MTD for IT) rules, millions of UK taxpayers must keep digital records and submit quarterly updates using approved accounting software apps listed on the HMRC website. This affects self-employed individuals and landlords earning above the income threshold from trading or property. Instead of one annual tax return, you'll submit five - four quarterly updates plus a final declaration each year. This means accurate record-keeping, more frequent reporting, and potentially higher accounting and software costs for small business owners and property investors. For many landlords with residential property in their own name, especially those managing multiple rental properties, adopting digital bookkeeping software will be essential. This means switching from spreadsheets or paper records to compliant cloud accounting platforms. HMRC say the aim of MTD is to reduce errors and modernise the UK tax system, but it also means more red tape, admin and planning for millions taxpayers. Self-employed workers and landlords should start preparing early to avoid penalties and stay compliant when the rules fully apply. Landlords already hit by Section 24 tax changes and the Renters Rights Act should seek professional advice and avoid ignoring the changes which are coming next month. Making Tax Digital Contact DNS - https://www.dnsassociates.co.uk 3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 7.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH Landlords Dragged Into Section 24 TAX As 7 million people set to pay higher rate, 40%, tax this year, 16,000 millionaires will leave the UK this year under Rachel Reeves tax policies.  Watch video - https://youtu.be/zH1p2uXz4C8 More landlords are being sucked into higher tax bands and paying more tax due to George Osborne's ‘Section 24' tax hike. If you are a buy-to-let property landlord and help with Section 24, contact: Charles@charleskelly.net #tax #section24 #landlordtax #higherratetax #MoneyTipsPodcast #MakingTaxDigital #UKLandlords #SelfEmployedUK #PropertyInvesting

We explain what Making Tax Digital for Income Tax means for UK dentists and why the shift to quarterly reporting changes how you keep records. We map the deadlines, turnover thresholds and software options so you can get organised before April 2026 and avoid last-minute stress. • what MTD ITSA is and how quarterly updates work • the April 2026 start date and the dropping thresholds through 2027 and 2028 • qualifying income as turnover rather than taxable profit • combining self-employment and rental income and what that means for reporting • registering for MTD ITSA and why HMRC will not do it automatically • quarterly periods, due dates and the option to elect for calendar quarters • choosing HMRC-approved software such as Xero or FreeAgent • bank feeds, training and support to reduce bookkeeping time • bridging software for spreadsheet users and why it is usually short term • how quarterly reporting can improve tax planning and cash flow Please feel free to reach out to me. I'll be able to provide you a free consultation about how to set up the MTD options. If you require any help, don't hesitate to reach out to the Samera team at www.samera.co.uk. We are all here to help you!Thank you,The Samera Team

Here's a search‑optimised title and description for your Making Tax Digital episode, fully aligned with the latest HMRC guidance and including the links you requested.

In this week's Talking Money, Daniel Clewlow speaks to Stuart Miller from Xero about Making Tax Digital - the upcoming government rollout of new tax reporting rules.

HMRC are making changes to the way that some people need to file income tax. Hywel Davies has been hearing more about the changes and what you need to do if you're affected.More information is available on the Gov.UK website - Making Tax Digital for Income Tax - GOV.UK

Send a textThe Booksmith an aid to MTDWelcome to the Lockdown Farriery Podcast. In today's episode, we're talking about something that affects every farrier in business: bookkeeping, accounts, and the dreaded Making Tax Digital. I'm joined by Mark Barnard, a fellow farrier and AWCF, along with Charlie and John, the creators of The Booksmith. Together, they've developed a solution specifically designed for farriers to manage their finances and stay compliant with MTD requirements. If you've ever struggled with paperwork, bookkeeping, or understanding what HMRC actually wants from you, this conversation is going to be invaluable. And if you want to find out more after the episode, head over to www.thebooksmith.co.uk. Let's dive in.Support the show

UK Dentists: Collect your verifiable CPD for this episode here >>> https://courses.dentistswhoinvest.com/smart-money-members-club———————————————————————The clock is ticking on Making Tax Digital, and we're cutting through the noise with a straight-talking guide tailored for UK dentists. If you earn self-employment income as an associate or rental income from buy‑to‑lets, this is the moment to get clear on thresholds, timelines, and the smartest way to stay compliant without drowning in admin.We unpack the real meaning of “relevant income” and why HMRC looks at gross receipts, not profits, when deciding who must file quarterly. You'll learn exactly who is in scope right now at £50,000, why PAYE and dividends don't count for MTD for income tax, and how planned drops to £30,000 and £20,000 will bring many more clinicians into the regime. We also cover the penalty system you need to avoid: an initial grace year for late submissions, points that stack to a £200 fine, and a 24‑month compliance runway to reset. Most crucially, we explain the three‑year lock-in once you're on the system and how that affects timing if you're considering incorporation.From there, we move to tools and tactics. Prefer minimal effort? Ask your accountant about bridging software so you can send simple spreadsheets or bank statements each quarter and let them handle the submission. Want more control and real-time insight? We compare software options like FreeAgent, Sage, Xero and QuickBooks, highlighting free tiers, bank feeds, common setup pitfalls, and how live data can help you steer clear of the 60 percent effective rate band with timely pension and expense planning. We set out the dates that matter: Q1 runs 6 April to 5 July, with the first update due 7 August, and why registering before 5 April buys breathing space and avoids easy points.We finish with a practical checklist you can act on today: register for MTD or ask your accountant to do it, choose between full bookkeeping or a bridging route, and schedule your July data handover so the first submission lands on time. It's a clear, calm path through a complex change, built for busy clinicians who value certainty and time.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.Send a text

In this episode of the Scottish Property Podcast, Fraser Kelly, founder of Kelly Residential, returns to break down the current state of the UK and Scottish property market in early 2026.The conversation dives into falling mortgage rates, shifting buyer demand, rental market normalisation, and how AI is beginning to reshape property search and estate agency. Fraser also shares key insights on Making Tax Digital and what it means for landlords moving forward.

Millions of landlords are about to face one of the biggest tax changes in years. Making Tax Digital for Income Tax kicks in from April, and if you're a landlord earning above certain thresholds, the old "shoebox of receipts" approach is officially over. Rob & Rob bring in tax expert Nadeem from Provestor to break down exactly what's changing, who's affected, and the practical steps you need to take now to avoid getting caught out.  (01:04) News story of the week  (04:36) What Making Tax Digital actually means and how it changes  (09:05) The income thresholds that determine when you'll be affected  (14:09) The best way to work with your accountant   (26:21) Hub Extra  Links mentioned:  Provestor MTD Software: Link here  Chikko Coffee: Get here  They Just Changed Property Tax Forever! Watch on YouTube here Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  Find out more about Property Hub Invest 

It's time for your weekly dose of Ask Rob & Rob – let's get stuck into two new questions... (00:47) Shahid has built a solid property portfolio within a 10-mile radius of where he lives, but he's now setting his sights on high-growth areas further afield. His concern? How to manage properties hundreds of miles away without being on hand for tenant issues. He turns to Rob & Rob for their advice on making remote investing work.  (05:14) Jane's been hearing rumblings about ‘Making Tax Digital' and wants to know what landlords should be doing to prepare. She asks the guys if they can shed some light on what's coming and when.  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  Send us your question here – just hit record!.  Find out more about Property Hub Invest 

In part two of our Making Tax Digital mini-series, Heather Self is joined by Jonathan Athow, Director General, Customer Strategy and Tax Design at HMRC, for a special Q&A episode. This conversation offers listeners the opportunity to hear directly from HMRC on one of the most significant changes to the UK tax system in recent years. In an insightful and practical discussion, Jonathan answers the key questions on everyone’s minds, including how the beta testing has progressed, what challenges taxpayers, agents and businesses may face as MTD expands, and how they can prepare ahead of the launch date. Heather puts the important issues front and centre, ensuring the conversation tackles both strategic aims and real-world concerns. This episode provides valuable clarity on Making Tax Digital and is essential listening for anyone preparing for the next phase of digital tax reporting.See omnystudio.com/listener for privacy information.

This week on The Tax Factor, Stephanie Levin makes her first appearance alongside Suzanne Briggs to kick off the Making Tax Digital (MTD) mini-series. They start with a roundup of the top tax headlines, including the story of the UK’s top taxpayers, which includes some of the biggest celebrities… The discussion then turns to Making Tax Digital, with Stephanie and Suzanne breaking down what MTD is, who it affects, and how the next phases will impact businesses, landlords, and individuals. They explore common misconceptions, practical challenges, and why preparation now will save headaches in the future. Packed with clear explanations, expert insight, and practical tips, this episode lays the foundations for the rest of the mini-series. It’s essential listening for anyone who wants to stay ahead of the curve in the evolving digital tax landscape.See omnystudio.com/listener for privacy information.

"A big change" - that's how HMRC has described a major transformation starting in April, which affects the way sole traders and landlords report their income and expenses. The tax office has told Money Box that self assessment has to be modernised to reduce errors and allow them to collect more of what's owed to the Treasury. It's called Making Tax Digital and this first wave is going to affect about a million people who have a turnover above £50,000 a year. At the moment, self-employed people put the details of their business accounts into their tax return once a year on the Government's own website or on paper. But from April the new system will force them to use commercial software which sends quarterly summaries to HMRC and then repeats all that information in their end of year tax return to which they must add any other taxable income details. We'll speak to HMRC about that.According to the financial data firm Moneyfacts, since the Bank of England cut the interest rate to 3.75% in December around a third of providers have dropped their rates on their savings products. Where are the best deals?As energy prices rise, there's a warning about the scammers trying to trick you into giving away your data.And new research suggests only 1 in 4 people know about a big change coming for pensions and inheritance tax. We'll answer listener questions.Presenter: Felicity Hannah Reporter: Dan Whitworth and Jo Krasner Researcher: Eimear Devlin Editor: Jess Quayle(First broadcast 12pm Saturday 3rd January 2026)

The self assessment tax return deadline is fast approaching, but once January 31st has come and gone, all eyes will be on the government's new Making Tax Digital scheme - the new process for sole traders and landlords to keep on top of what they owe. In this episode, we're joined by Which? Money journalists Ruby Flanagan and Matthew Jenkin who outline what the change means in practice, how it will work, and discuss whether or not it will make the process easier. Plus, having both been freelance before, they share their tips on how to keep on top of your paperwork across the year to make filing your return easier in the future. Read our guidance on how to fill in a tax return & sign up for our free weekly Money newsletter See the list of 10 tax return mistakes you need to avoid & find out which self-employed expenses you can claim Get in touch with us via email - podcasts@which.co.ukPodcast listeners can get 50% off an annual Which? membershipBecome a Which? Money member to access 1-to-1 guidance and receive the Money magazine

What happens when an industry that has barely changed for generations suddenly finds itself at the center of one of the biggest shifts in modern work? In this episode of Tech Talks Daily, I'm joined by Kate Hayward, UK Managing Director at Xero, for a conversation about how accounting is being reshaped by technology, education, regulation, and changing expectations from clients and talent alike. Kate describes this moment as the largest reorganization of human capital in the history of the profession, and as we talk, it becomes clear why that claim is gaining traction. We explore how AI is shifting accountants away from pure number processing and toward higher-value advisory work, without stripping away the deep financial understanding the role still demands. Kate shares why so many practices are reporting higher revenues and profits, and how technology is acting as a catalyst for rethinking long-standing workflows rather than simply speeding up broken ones. We also dig into research showing that pairing AI with financial education strengthens analytical thinking while leaving core calculation skills intact, a useful counterpoint to the more dramatic headlines about machines replacing people. Our conversation moves into the practical reality of how firms are using tools like ChatGPT today, from scenario planning to preparing for difficult client conversations, while also discussing where caution still matters, particularly around data security and core financial workflows. Kate also explains how government initiatives such as Making Tax Digital and the digitization of HMRC are changing client expectations and deepening the relationship between accountants and the businesses they support. We also spend time on the future of the profession, including how hiring strategies are evolving, why problem-solving and communication skills are becoming just as valuable as technical knowledge, and why private equity interest in accounting is accelerating digital adoption across the sector. Kate rounds things out by sharing how Xero is thinking about product design in 2026, what users can expect next, and why keeping the human side of the profession front and center still matters. So as accounting moves further into an AI-assisted, digitally native future, how do firms balance efficiency, trust, identity, and long-term relevance, and what lessons can other industries take from this moment of change? Useful Links Follow Kate Hayward on LinkedIn Accounting and Bookkeeping Industry Report Xero Website Follow on LinkedIn, Facebook, X, YouTube, Instagram

The Self Assessment deadline has a habit of arriving faster than expected.This episode covers who needs to file, what needs reporting, and how to avoid common pitfalls - with practical guidance for anyone who is self-employed, earning extra income, or managing a more complex tax setup.Vestpod founder Emilie Bellet speaks with Maike Currie, VP of Personal Finance at PensionBee, about key deadlines, pension considerations, and how Making Tax Digital will change the process from 2026.This episode is for general information only and does not constitute personal tax or financial advice.#ad Thank you to our partner PensionBee:With PensionBee, you can combine your old pensions, add money when it suits you, and make withdrawals (from age 55, rising to 57 from 2028). It's a straightforward way to take control of your retirement savings and join a community of over 300k customers. Its monthly podcast, The Pension Confident Podcast, aims to help listeners better understand the world of personal finance and pensions. Listen or watch the full episodes on YouTube. And if you're already a PensionBee customer, you can listen in the PensionBee app!When investing, your capital is at risk.Listen on Apple Podcasts, Spotify, or Podlink.Connect with Vestpod:Sign up to The Edit newsletter: https://www.vestpod.com/subscribe Courses and bootcamps: https://www.vestpod.com/courses Follow on Instagram: https://www.instagram.com/vestpod/ Emilie's book: You're Not Broke, You're Pre-Rich Hosted on Acast. See acast.com/privacy for more information.

What does success look like for HMRC with Making Tax Digital – and what does it really mean for the bookkeepers doing the work on the ground? In this Leadership Takeover Session, Craig Ogilvie, HMRC's Director for Making Tax Digital, explains the “why” behind MTD for Income Tax, how it will change the UK tax system, and why he believes bookkeepers are central to making it work for small businesses. Get step by step guidance on MTD for Income Tax https://www.gov.uk/government/collections/making-tax-digital-for-income-tax?Utm_source=6fb Craig shares his journey from a low-income upbringing in Scotland, through 20+ years in government delivery, to leading some of the UK's biggest programmes – including the furlough scheme during the pandemic. He explains how his parents' values around kindness and optimism shaped his leadership style, why he focuses so heavily on people and psychological safety, and how that translates into the way he runs the MTD team today. You'll hear a clear, human explanation of what MTD for IT actually is: digital record keeping, quarterly updates and software-based filing for millions of self-employed people. Craig talks about the three big reasons behind it – reducing errors in the tax gap, modernising the UK's tax infrastructure, and creating better customer service through more timely data and nudges – and why he sees bookkeepers as uniquely placed to turn that into better conversations about cash flow, credit control and business performance. He also explains the scale of the change: rebuilding core systems, working with third-party software through APIs, and designing multiple agent functionality so both accountants and bookkeepers can support the same client. Craig describes travelling around the UK to meet real practices, how those conversations led to changes like faster sign-up journeys and multiple agent access, and why HMRC is committed to genuine co-creation rather than “rubber-stamping” decisions already made. The episode goes deeper into social mobility, confidence and financial understanding. Craig talks about seeing his dad's January “bag of receipts”, the construction sector's heavy representation in the first MTD cohort, and the financial literacy gap facing many sole traders. He reflects on sessions with unrepresented business owners, where a clear explanation – often from a bookkeeper or accountant – can quickly change how someone feels about digital tools, quarterly reporting and understanding their numbers. ----------------------------------------------- About us We're Jo and Zoe and we help bookkeepers find clients, make more money and build profitable businesses they love. Find out about working with us in The Bookkeepers' Collective, at: 6figurebookkeeper.com/collective ----------------------------------------------- About our Sponsor This episode of The Bookkeepers' Podcast is sponsored by Xero. Get 90% off your first 6 months by visiting: https://xero5440.partnerlinks.io/6figurebookkeeper ----------------------------------------------- Promotion This video contains paid promotion. ----------------------------------------------- Disclaimer The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.

What does the future really look like for UK bookkeepers as regulation tightens, MTD expands and professionalism becomes more important than ever? In this episode of the 6FB Sofa Sessions, Ami Copeland, CEO of the Institute of Certified Bookkeepers (ICB), explains exactly what's changing, what standards matter most, and how bookkeepers can protect, grow and future-proof their practices. Ami leads one of the most influential professional bodies in UK bookkeeping and works closely with HMRC, software providers and regulatory partners to shape the modern bookkeeping profession. In this conversation with Jo Wood and Zoe Whitman, she shares what she is seeing across thousands of UK practices, how professionalism and compliance expectations are rising, and why strong ethical standards will define the next decade of bookkeeping. You'll hear how Making Tax Digital is reshaping the role of the bookkeeper, what regulation really means for day-to-day practice, and how bookkeepers can position themselves as trusted finance partners rather than “just” compliance providers. Ami also talks openly about confidence, competence, qualifications, and why credibility will become a key differentiator as the industry continues to grow. This episode explores the commercial benefits of being professionally recognised, how education and CPD protect both you and your clients, and why bookkeepers who embrace change now will be the ones leading the profession in the years ahead. Ami explains the balance between accessibility and accountability in bookkeeping, and what standards clients will increasingly expect as business owners become more financially aware. If you are a UK bookkeeper navigating MTD, thinking about regulation, wanting to raise your professional profile, or unsure how formal recognition fits into your growth plans, this episode will give you clarity, reassurance and direction. Find out about ICB Membership at https://www.bookkeepers.org.uk/Membership/?utm_source=6fb This is essential viewing for bookkeepers who want to build long-term credibility, charge with confidence, and be seen as true financial professionals in a rapidly evolving industry. ----------------------------------------------- About us We're Jo and Zoe and we help bookkeepers find clients, make more money and build profitable businesses they love. Find out about working with us in The Bookkeepers' Collective, at: 6figurebookkeeper.com/collective ----------------------------------------------- About our Sponsor This episode of The Bookkeepers' Podcast is sponsored by Xero. Get 90% off your first 6 months by visiting: https://xero5440.partnerlinks.io/6figurebookkeeper ----------------------------------------------- Promotion This video contains paid promotion. ----------------------------------------------- Disclaimer The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.

Collect unlimited free verifiable CPD for UK Dentists here >>> ———————————————————————The rules are changing for self‑employed dentists. From April 2026, Making Tax Digital extends beyond VAT into Income Tax Self Assessment, pulling most associates and many sole‑trader practice owners into quarterly digital reporting. We brought specialist dental accountant David Hossein to cut through the noise: who is affected, what to file, the exact first deadlines, and how to set up the right software without creating a new full‑time job for yourself.We start with the basics that trip people up. The threshold is based on income, not profit, and rental income in your own name can push you over the line. Dividends do not count. You will submit digital updates every quarter using MTD‑compatible software, then a final statement to tie everything together. Payments of tax do not change at first, but planning for eventual quarterly payments is wise. David lays out the first reporting period (6 April to 5 July 2026) and the submission date (7 August 2026) so you can work backwards and avoid penalties.Then we get practical. We compare FreeAgent, Xero, and QuickBooks, and explain why many dentists will be fine on FreeAgent, especially when it is free via certain bank accounts. Clean bank feeds, correct import dates, and reconciling to statements are non‑negotiable. We show how to use built‑in tax forecasting to ring‑fence cash, reduce January shocks, and time pensions or equipment purchases with confidence. We also explore the structural choices: companies and partnerships sit outside this phase of MTD for now, but incorporation only makes sense when it aligns with tax, pension, and cashflow goals. For some on the cusp, MTD may be the nudge to reassess.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional. Investment figures quoted refer to simulated past performance and that past performance is not a reliable indicator of future results/performance.Send us a text

This week on The Tax Factor Rehana Earle and Ele Theochari look at possible U-turns on the non-dom regime, with Rachel Reeves reportedly reconsidering inheritance tax on global assets amid City concerns. They also discuss the High Court ruling that allows VAT on private school fees, rising tax receipts including a 14% hike in IHT, and a delayed Tax Freedom Day as fiscal drag bites. Plus, we revisit Making Tax Digital, with new guidance ahead of the rollout is HMRC going to be helpful to tax payers and agents around the new tax reporting framework?See omnystudio.com/listener for privacy information.