Is it time to implement or upgrade to a real time accountancy system for your small business? And all for free if you have or open Natwest or Mettle Bank account.
As an approved FreeAgent Practitioner, we can provide the installation, training and bookkeeping services to digitalise your accounting.
FreeAgent is a cloud based system that can process your estimated and invoices, send out automatic reminders for payment, has bank feeds to all major banks, can file your receipts online and process your VAT, Payroll, Self Assessment Tax returns for online filing with HMRC.
Remember: From April 2026, Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) will change the way the self-employed and landlords do their self assessment.
This means from April 2026 you will no longer be able to use the online HMRC portal, or the paper (mail) filing system if you're a landlord or self-employed person earning above £50,000.
In the space of one tax year, you’ll need to send:
* Four quarterly updates, using your MTD-compatible software
* One End of Period Statement, at the end of the fourth quarter
* One Final Declaration, by January 31st
FreeAgent can take care of all of this for you. And we can provide the support for a smooth and successful implementation giving you the time to do what you do best and grow your business.
To discuss this further, please do not hesitate to contact me. Contact details are on our website.
Steve Pearce MICB PM.Dip
HMRC Tax Agent
31st May 2023