Digital records
Keeping the relevant financial information in a digital bookkeeping system rather than relying entirely on paper records.
Straightforward guides to Making Tax Digital, bookkeeping and the financial admin that comes with running a business or renting property.
No tax dictionary required. Choose a topic and start there.
A straightforward introduction to what is changing and why digital records matter.
What sole traders should know about digital records, income and preparing for MTD.
Understand how property income, record keeping and MTD fit together.
Why keeping records moving through the year makes everything else much easier.
How a better financial routine helps the bookkeeping keep up with a growing business.
Work through the important questions and give Lisa a clearer picture of where you are now.
You do not need to understand every tax rule before taking the first useful step.
See what MTD means for sole traders and self-employed income.
Start here → 01 02Understand the basics around property income and digital records.
Start here → 02 03Explore bookkeeping, financial admin and keeping the business organised.
Start here → 03A quick translation of some of the language around digital bookkeeping.
Keeping the relevant financial information in a digital bookkeeping system rather than relying entirely on paper records.
The income figure used to determine when MTD for Income Tax may apply.
Software that can support the digital record keeping and reporting requirements relevant to Making Tax Digital.
Updates made during the year using the information held in your digital records.
The regular process of keeping income, expenses and business financial records organised.
If you have reached the point where another guide is not going to answer it, start a conversation.
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