ITSA in line with the new MTD rules made easy, with our holistic service solution
The landscape for self-employed professionals is undergoing its most significant transformation in a generation. With HMRC’s Making Tax Digital (MTD) initiative, the traditional “annual rush” to file a CIS return is being replaced by a requirement for real-time, digital record-keeping.
At ADVANCE, we possess the technical authority and industry expertise to ensure that sole traders aren’t just “compliant,” but are actively ahead of the curve.
We’ve created a solution to act as a digital bridge, translating complex HMRC requirements into a straightforward, manageable process that keeps you on-site and out of the paperwork.
MTD for Income Tax applies to sole traders and landlords who have a combined annual gross income from business or property that exceeds specific thresholds.
At ADVANCE, we help you determine exactly when you need to switch to digital reporting based on your current earnings. To assess your eligibility, HMRC reviews your previous Self-Assessment returns; if your total qualifying income (before expenses) hits the following markers, you are legally required to comply:
Mandatory for those with an annual qualifying income over £50,000.
The threshold expands to include those earning over £30,000.
Coverage further extends to those with an income over £20,000.
Have questions? Want to learn more? or are you looking for some advice? Don’t worry you can speak to team anytime. Our Making Tax Digital experts, are readily available to support both agency partners and our contractors.
We use FreeAgent, a HMRC-approved system that connects directly to your account to ensure tax submissions and self-assessments are simple and seamless.
You will have a dedicated tax consolidator as your sole point of contact. We prioritise building strong client relationships, ensuring one expert manages your Limited Company accounts from start to finish.
Unsure how to best structure your accounts for maximum efficiency? Your dedicated expert is here to help you find the most effective, compliant path forward.
Eliminate the paperwork. Our experts manage your Self-Assessment from start to finish, providing a seamless, HMRC-approved service you can trust.
No hidden fees or hourly rates. ADVANCE provides unlimited phone and email support, so you can reach out to your dedicated expert at any time without hesitation.
Choose the solution that best supports your needs—from a MTD-compliant tax service by specialist tax coordinators.
Following the introduction of Making Tax Digital for all self-employed individuals, managing your tax affairs has become increasingly complex. Fortunately, our dedicated team of tax coordinators is on hand to manage the transition for you. By delegating the administrative burden to us, you can focus on what matters most. Furthermore, in addition to ensuring full MTD compliance, our specialists will identify any year-end tax rebates to ensure you receive your full entitlement.
Keen to learn how ADVANCE can help, get in touch today.
Rated “Excellent” on Trustpilot, our clients, contractors and employees are happy to recommend ADVANCE time and time again. See our Trustpilot reviews to find out for yourself.
If you know a contractor or worker who would benefit from our services, simply refer them to the ADVANCE team today. As a thank you for your successful recommendation, we will treat you to a £50 voucher once they are up and running. The more you refer, the more you can earn. It’s that easy.
Got questions? We are here to help.
Here are a few of our most frequently asked questions.
Not necessarily. While MTD requires quarterly updates to HMRC, the actual payment deadlines for your tax liability generally remain the same.
HMRC is increasingly moving toward a penalty-based system for non-compliance with digital standards. By partnering with ADVANCE, you mitigate this risk.
Absolutely. If your digital records are currently a bit “analogue” (or perhaps residing in a glovebox), our team can help migrate your historical data into a secure digital format. It’s the perfect way to wipe the slate clean and start your MTD journey on a professional footing.
Actually, it should make it significantly easier. Because we have been collecting and digitally verifying your data all year, the final “End of Period Statement” becomes a simple confirmation of the figures we’ve already tracked. It turns a week-long headache into a five-minute review.
Our MTD plans cover any and all support. You can call us and ask any questions anytime during our operating hours of 8:30am -5:30pm Monday to Friday.
