Questions? Answered.

Yes.

We can:

• Explain how Making Tax Digital (MTD) affects you based on your income type and level.
• Recommend suitable software and simple record-keeping processes.
• Help you get set up and compliant before MTD rules expand further.

We keep up to date with HMRC’s latest MTD timelines and requirements so you don’t have to.

Yes, you’re expected to keep evidence to back up the figures on your tax return.

• HMRC expects you to keep records for at least 5 years after the 31 January deadline for the relevant tax year.
• This can be digital (photos, scans, accounting software) or paper.

We’ll explain what records you should keep for your business or rental income and suggest simple ways to store them.

You can generally claim costs that are “wholly and exclusively” for your business or income. Examples:

• Self-employed: materials, stock, advertising, website costs, accountancy fees, a portion of home office costs, business travel, professional subscriptions, etc.
• Landlords: letting agent fees, repairs, insurance, safety certificates, a share of certain running costs, etc.
• Employees: only some very specific unreimbursed expenses qualify.

The rules can be detailed and grey areas are common (home working, mobile phones, cars, clothing, mixed-use costs).

We’ll review your situation, identify allowable expenses, and make sure your self assessment tax return claims everything you’re entitled to – without crossing HMRC’s line.

Don’t panic, and don’t ignore the deadline.

We will:

• Help you track down missing information (bank statements, payslips, interest certificates, etc.).
• Advise where it’s acceptable to use reasonable estimates if exact figures aren’t available.
• Keep a note of anything estimated so it can be updated later if needed.

It’s better to file using the best information you have than to miss the deadline completely.