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Making Tax Digital for Self-Employed

Sole traders & Self-employed trades people

Choosing the right software allows you to keep your business going with minimal effort whilst you are on the go, in real-time.

Software could cost as much as £200pa without a partnership. Folkes Worton hold partnership licences which allows you to access the best prices.

Many self-employed people make only £1,000 per month according to recent research by smallbusiness.co.uk. They’re unlikely to be able to pay £200 a year just to report tax information. We expect there will be some deals and special offers in place with software providers by April 2024. Some banks have already moved into this space and Folkes Worton can ensure you have access to these opportunities​

Why do you need the specialists at Folkes Worton:​

  • Software companies and app designers won’t generally be able to give you accounting advice and, even if they did, they might not know about the intricacies of how your individual business works across sectors, we have a whole range of clients ensuring you won’t be a one off, we have specialists in all areas.
  • We can help you to choose the best software for your individual business based on what that software can offer you.

More useful information for Sole Traders and Partnerships can be found in our recent Tax Alert:

Meet the MTD Team

Matthew Morris FCCA CTA
Tax Partner
Richard Homer ACA
Accounts Manager
Jack Meredith ACA
Chartered Accountant
Ellie Smith ATT
Tax