Small Business MTD
Making Tax Digital (MTD) is changing the way sole traders and landlords report income to HMRC. Instead of filing one annual Self Assessment tax
return, individuals affected by MTD will need to keep digital records and submit quarterly updates using HMRC-approved software.
At Focal Business Group, we help small businesses, landlords and selfemployed individuals prepare for MTD with simple, affordable support packages designed around your needs.
What is Making Tax Digital?
Making Tax Digital is a UK government initiative designed to modernise the tax system.
Under MTD, you’ll need to:
Keep digital records of your income and expenses
Submit quarterly updates to HMRC
Complete a final year-end declaration
MTD for VAT is already mandatory. MTD for Income Tax Self Assessment (ITSA) is being introduced in phases:
From April 2026
Sole traders and landlords with income over
£50,000
From April 2027
Income over £30,000
From April 2028
Income over £20,000
How we can help
We offer a straightforward MTD solution using Xero Simple software, making compliance easy whether you want to manage your bookkeeping yourself or prefer us to handle everything for you.
Step 1 – Register for MTD
To register, you must:
- Be registered for Self Assessment
- Have a National Insurance number
- Use MTD-compatible software
- Register via GOV.UK using your Government Gateway ID
If you need help getting started, we can guide you through the process.
Step 2 - Choose the package that is right for you
Option 1 – We do it for you
Prefer to focus on running your business? We can manage your bookkeeping and MTD submissions on your behalf.
Once your account is set up and your bank account linked, we’ll show you how to upload receipts and we’ll handle the rest.
Included Services
- Bookkeeping
- Bank reconciliation
- Quarterly submissions to HMRC
- Ongoing support
- Xero Simple software
- Annual self assessment tax return
Option 2 – Do it yourself
Ideal if you want to stay in control of your bookkeeping while ensuring you
remain MTD compliant.
We’ll help you set up Xero Simple and show you how to manage:
- Invoices
- Receipts
- Bank reconciliations
- Quarterly submissions
We can then complete your annual Self Assessment tax return
Not sure if MTD applies to you?
We’re here to help.
Whether you’re a sole trader, landlord or small business owner, we can explain how MTD affects you and recommend the best approach for your business.