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Making Tax Digital for Income Tax (MTD ITSA)

How Bean Counters Helps You Stay Compliant, Organised & Stress‑Free

What Is Making Tax Digital for Income Tax?

Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is a key part of HMRC’s ongoing digital transformation.

 

Instead of submitting one Self Assessment tax return each year, eligible individuals and landlords will need to:

  • Keep digital records

  • Use HMRC‑approved software

  • Submit quarterly updates

  • Finalise their annual position through an End of Period Statement and Final Declaration

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​MTD for Income Tax is being rolled out gradually. It will affect self‑employed individuals and landlords with income over HMRC’s thresholds, with wider adoption in the years ahead.  Bean Counters is here to make the transition smooth, simple and cost‑effective.

How Bean Counters Supports You With MTD for Income Tax​

1. Digital Record-Keeping Made Simple

We help you move from spreadsheets or paper records to  Xero an easy,

intuitive digital bookkeeping system.

You’ll get straightforward guidance so your records are kept correctly from day one.

2. Quarterly Submissions Handled for You

Under MTD ITSA, you’ll need to send four quarterly updates to HMRC every year.
Bean Counters can:

  • Prepare your digital records

  • Review transactions for accuracy

  • File the quarterly returns on your behalf

  • Flag tax planning opportunities throughout the year

No more last‑minute panic — we take care of the ongoing admin.

3. End-of-Year Statements & Tax Finalisation

Instead of a traditional Self Assessment, MTD introduces:

  • End of Period Statement (EOPS)

  • Final Declaration (replacing the current tax return)

We complete both for you, ensuring your figures are correct,

compliant, and optimised.

4. Personal Support & Training

Whether you want full support or prefer to do your own bookkeeping

with occasional help, we tailor our services to your needs.

We can provide:

  • One-to-one software training

  • Troubleshooting and support

  • Regular check-ins

  • Helpful templates and guides

No jargon — just clear, friendly explanations.

5. Proactive Tax Planning

With quarterly updates, you get a clearer picture of your tax position.
We use this to help you:

  • Forecast tax liabilities

  • Budget effectively

  • Make tax-efficient decisions in real time

  • Avoid unexpected year-end bills

MTD becomes not just a compliance burden —

but a financial planning advantage.

Why Choose Bean Counters?
  • ✅ MTD Certified, friendly accountants who speak your language

  • ✅ Transparent pricing — no surprises

  • ✅ Expert support for freelancers, small businesses & landlords

  • ✅ Digital solutions that simplify your finances

  • ✅ A calm, supportive approach to tax and compliance.

Whether you want full-service support or just help getting started, we’re here to make MTD stress-free.

📞 Ready to Get MTD-Ready?
Speak to the Bean Counters team today.

We’ll make sure your transition to Making Tax Digital is simple,
compliant, and fully supported.
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OUR SERVICES

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MAKING TAX DIGITAL FOR INCOME TAX

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