At Clever Accounts we're ready and compliant to provide an end-to-end solution for self-employed businesses and landlords who are caught by the new HMRC MTD for Income Tax changes.
Your accounting partner
Let your dedicated accountant provide expert accounting support to your business and ensure your taxes are filed on time.
Our Clever Service & Software solution provides hassle-free accounting to thousand's of companies and individuals across the UK.
Call now on 0113 518 8800 or request a callback.
Clever MTD ITSA solutions
We're experts in accounting services. This makes us first choice for any MTD ITSA questions you may have. Through our 20 year experience of supporting businesses, we've built up a huge amount of experience in ensuring all businesses are fully compliant and that no additional requirements by HMRC should mean additional hassle, or effort for you.
Using a combination of providing an all-inclusive accounting service and help with navigating around MTD ITSA, the experienced accountants at Clever, are always on hand for you.
This, together with an easy-to-use online accounting app, makes our small business accounting service stand out from the rest.
Get compliant, accurate advice on upcoming HMRC changes relating to MTD ITSA and how this might affect you and your business.
Providing MTD ITSA ready and compliant software free of charge to help you ensure your submissions are quick and easy.
No matter what business sector you work in, our accountants have a vast array of knowledge and experience to ensure your business is fully informed.
What is MTD ITSA?
Making Tax Digital for Income Tax is a new way for self-employed, contruction industry scheme workers and landlords to report their earnings on a more frequent basis during the year.
Self-employed business owners and landlords with a total income above £10,000 per year, will need to operate within MTD and digitally submit income and expenditure figures quarterly.
Those businesses affected, will need to keep digital records, use MTD-compliant software, send quarterly income and expenditure updates to HMRC and make any adjustments on a final declaration.
How to prepare for MTD ITSA
Get in touch
Check whether your business might be affected by MTD. If it is, get in touch with us for further information on what changes you might need to make to ensure your business is compliant.
Advice and support
All businesses will need to start using MTD-compliant accounting software to submit quarterly submissions. We can recommend and help get you set up on the best software for you..
Clever MTD
When April 2024 comes, our services will seamlessly include the required support in order for your business to submit their quarterly submissions and ensure you are fully compliant.
A Sole Trader structure is currently the quickest and easiest way to start your business. You can start instantly, do not need to establish any legal structure and can be the perfect solution for those that are just starting out on their new business.
Quick and easy set up Unlike a Limited Company, you can start a sole trader business without any legal structure around it. As long as you register with HMRC, that's all that's needed to establish the business for taxes.
Increased privacy Only HMRC needs to know you are trading. This means you do not need to publically display your business details, as you would with a Limited Company and therefore keep it from public records.
Less administration It's much easier to run a Sole Trader business than any other method. Unless you are VAT registered, you currently only need to declare your earnings on your self-assessment each year.
Less costly Typically, running a Sole Trader business is the least costly structure for your business. Some operating costs, such as insurance, bank charges and even accountancy fees will be less.
A simple, competitive sole trading package for accounting and software
Great partnerships complement your business
We've worked hard to find the best partnerships to help you and your business. We're not just accountants, but business advisors. We want you to succeed and ensuring you have access to the best tools will only help develop a stronger business.
Tide Banking
Our banking partner, Tide is a perfect fit for your sole trader business. A modern, online banking solution that offers a 5-minute turnaround for account registration with hassle-free, easy to use software, provides a great starter companion. What's more, once you have registered and funded your new bank, they'll award you £75 cashback!
Coconut is a fantastic sole trader accounting app that helps you unmuddle your business and personal finances, so that you always have accurate figures at your fingertips. Making it easy to see how business is doing, whose payments are overdue, and what to set aside for tax every single month. Through Clever, you get Coconut free of charge.
Our unique accounting service for contractors offers end-to-end IR35 support, contract reviews & assessments, and seamless switching between limited company and Umbrella contract roles for one single monthly fee.
At Clever Accounts, we pride ourselves in providing outstanding services to all our clients.
Accountancy isn’t all about crunching numbers and submitting documents but, just like any other online service, we strive to ensure we fully understand your needs as a customer and we communicate to you in a friendly, clear and concise manner.
No matter your industry and accounting needs, we have an accountant that is experienced to help you run your business and allow you to focus on growing your business.