MTD ITSA EXPLAINED
Why is MTDITSA Important?
Making Tax Digital for Income Tax Self Assessment (MTDITSA) is a key HMRC initiative transforming how self-employed individuals and landlords handle their taxes. Expertly managed by Suzanne Lock Business Services, it requires digital record-keeping and quarterly updates on income and expenses, culminating in an annual final declaration.
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Proper implementation ensures compliance, reduces errors, and opens opportunities for tax efficiencies through real-time insights into your finances.
What is MTD for ITSA?
MTD for ITSA (Making Tax Digital for Income Tax Self Assessment) is part of the government’s plan to move tax returns online.
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Kicks off in April 2026 if you earn over £50,000
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Applies if you’re self-employed
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And/or earn income from property
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Requires MTD-compatible software to keep digital records
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Replaces annual returns with quarterly updates
Who MTD Affects
SIMPLE PRICING OPTIONS
Our MTD ITSA Package Options
We offer three flexible packages to help you comply with Making Tax Digital for Income Tax Self Assessment (MTD ITSA). Choose the one that best suits your needs:
Do-It-Yourself Package
from £475
You handle your quarterly filings, while we take care of your annual return, check for compliance, and provide expert advice.
Do-It-Together Package
from £665
We manage your quarterly returns and annual filing, along with compliance checks and ongoing advice.
Give It To Us Package
from £995
Everything included in the DIT package, plus full bookkeeping services to keep your records in perfect order.
USING THE LATEST TECHNOLOGY
A Modern Approach to MTDITSA
We utilize cutting-edge tools like Xero, Dext, and Syft to deliver exceptional MTDITSA services, customized to your needs. Here's how these digital solutions enhance your compliance process:
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Xero
A leading cloud-based accounting platform, Xero supports real-time collaboration and provides a clear overview of your income, expenses, and tax obligations. This enables seamless quarterly updates and accurate annual declarations under MTDITSA.
Hubdoc
Designed for efficient receipt and invoice management, Hubdoc automates the capture and organization of your financial documents. It simplifies quarterly submissions by eliminating manual entry errors and ensuring all data is digitally compliant with HMRC requirements.
Syft
Specializing in financial analysis, Syft turns your data into visual reports and forecasts. This helps you monitor your tax position throughout the year, supporting proactive planning and compliance with MTDITSA's digital mandates.
Self Assessment Tax Returns
Why Choose Us?
We Make Your Business, Our Business.
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We have built an excellent reputation taking care of a wide variety of tax and accounting needs for our valued clients across England.
Whether you need assistance with bookkeeping or something more complex, check out our list of services and get in touch to find out why so many businesses and individuals rely on us to manage their accounts.
A Family Touch
We believe in a family approach to accounting and business, treating each client's financial needs with the same care, attention, and warmth as we would our own family's.
AI Powered Software
We harness the power of cutting-edge AI-powered software like Xero, Dext, and Fathom, enabling us to deliver precise, efficient, and insightful accounting solutions tailored to your unique business needs.
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Expert Advice
With over 20 years of accounting experience, we share a wealth of knowledge and expertise, ensuring trusted and reliable financial solutions for your business.
We pride ourselves on transparency with no hidden costs, and while clients are free to leave anytime, our commitment to exceptional service means they rarely ever want to.
TRUSTED BY YOUR LOCAL BUSINESSES
What Do Our Clients Say?
Trusted by local builders, mechanics, pubs, restaurants, designers, engineers, project managers and many more. Our clients have placed their faith in us to handle their finances.
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Here's what they have to say about our services:
SIGNING UP IS EASY
Your Path to Stress-Free taxes Starts Here
Joining us is a breeze; with our straightforward sign-up process, you can access our expert accounting and business services in just a few simple steps.
Discovery Call
Schedule a 30-minute discovery call with us to discuss your unique needs and how our services can assist your business. This is our opportunity to understand you better and answer any questions you may have.
Onboarding
Once we've identified the right solutions for you, our onboarding process is seamless and personalized. We'll guide you through all the necessary paperwork, introduce you to our team, and set up the systems that work best for your situation.
Enjoy Stress Free Accounts
With everything in place, you can now enjoy stress-free accounts as we handle your accounting, bookkeeping, and payroll needs. Our team of experts ensures that your financials are in order, allowing you to focus on what you do best - running your business.
FAMILY ACCOUNTING TEAM
Meet The Team
At Suzanne Lock Business Services, we're not just a team - we're family, working hand in hand to provide you with the best in accounting and business support.
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Suzanne Lock
Founder - Head Accountant
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Emma Lock
Office Manager - Accountant
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James Lock
Marketing - Bookkeeper
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Lauren Hewer
Bookkeeper
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Bailey the Pug
Trouble Maker
CONTACT
Have Questions?
Please feel free to call, email or reach out on social media.
Or use our contact form to get in touch.
We look forward to hearing from you!
40 Meadow Crescent, IP3 8GD
Ready To Get Started?
Book a discovery call today to arrange a free 30 minute discovery meeting and talk to our head accountant and see how we can take the stress out of your business finances.