TaxCalc Blog

Handling your own tax returns in the era of MTD (a helpful guide for UK sole traders)

If your income from self-employment (and any rental income too) is more than £50k, it’s highly likely that, as of April 2026, you’ll be included in the latest HMRC programme, Making Tax Digital for Income Tax (MTD IT or just MTD).

For UK sole traders, this marks a significant change in how tax records are kept and submitted.

Moreover, even if your self-employment/rental income is under £50k the thresholds are going to fall over the next couple of years (to just £20k by 2028) so it’s worth getting prepared.

Handling your own tax returns in the era of MTD (a guide for UK sole traders)

If your income from self-employment (and any rental income too) is more than £50k, it’s highly likely that, as of April 2026, you’ll be included in the latest HMRC programme, Making Tax Digital for Income Tax (MTD IT or just MTD).

For UK sole traders, this marks a significant change in how tax records are kept and submitted.

Moreover, even if your self-employment/rental income is under £50k the thresholds are going to...

Handling your own tax returns in the era of MTD (a guide for UK sole traders)

If your income from self-employment (and any rental income too) is more than £50k, it’s highly likely that, as of April 2026, you’ll be included in the latest HMRC programme, Making Tax Digital for Income Tax (MTD IT or just MTD).

For UK sole traders, this marks a significant change in how tax records are kept and submitted.

Moreover, even if your self-employment/rental income is under £50k the thresholds are going to fall over the next couple of years (to just £20k by 2028) so it’s worth getting prepared.

So, if you’re one of the 215,000 ‘un-represented’ taxpayers (those who file their own Self Assessment Tax Return) included in the 2026 intake, you do need to take notice.

TaxCalc Engager announces enhanced strategic collaboration with Virtual Cabinet and Workiro to deliver embedded tax and document workflows for UK Firms

TaxCalc Engager, Virtual Cabinet and Workiro today announce a significantly enhanced collaboration to deliver a more unified, purpose-built workflow experience for UK accountancy firms.

For many practices across the UK, combining TaxCalc with Virtual Cabinet and TaxCalc with Workiro has long been a deliberate choice, pairing intuitive tax compliance software with sophisticated document control and client portal capability.

When your accountancy software is axed, what should you do?

If you’re using BTC (Bright Software), PTP or Keytime (both IRIS products), you’ve probably felt that sinking feeling lately as you realise the software you’ve relied on for years is being pulled from under you.

Here’s the blunt truth: vendors don’t retire products because they love you - they retire them because they want you on a different platform. And that often means you get told to learn a completely new system at the busiest time of the year.

Essential business expenses to include on your self assessment tax return

If you’re completing your Self Assessment tax return yourself, one of the most valuable things you can do is make sure you’re claiming all the business expenses you’re entitled to. These legitimate costs can reduce your taxable profit and, therefore, the amount of tax you’ll pay.

ISO 27001: Raising the bar for customer confidence

TaxCalc has achieved ISO 27001 certification in recent months, marking a major technical  milestone.

But it represents so much more than that; it’s a public commitment to safeguarding customer data and providing peace of mind. 

Self Assessment myths debunked: what’s true and what isn’t in 2025

If you’re completing your Self Assessment tax return yourself, it can be difficult to know what’s accurate and what’s just hearsay. Friends, social media, forums and even “well-meaning” advice can easily lead to confusion and, in some cases, unintentional mistakes.