Helping landlords navigate the transition to Making Tax Digital, providing comprehensive guidance, software support, tax optimisation, and ongoing compliance.
Meeting all your Making Tax Digital for ITSA requirements.
Preparing and reviewing quarterly updates. Submitting to HMRC via approved software
Staying
on top of your tax obligations with fully HMRC-compliant software.
Keeping track of changing MTD regulations, ensuring continued compliance with evolving requirements.
Ask your MTD questions or let me know the best way to contact you for a consultation.
Thank you for contacting Andrew Passer Accountant.
I will respond to your query as soon as possible.
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requires landlords with qualifying income to maintain digital records and update HMRC each quarter using compatible software.
With my expertise, you can feel confident that your rental income and expenses are being managed compliantly and tax-efficiently under the new MTD for ITSA framework. I'll handle the technical complexities on your behalf, from choosing the best MTD software for maintaining accurate digital records and submitting your quarterly updates and annual declarations to HMRC.
Landlords will need to keep digital records of income and expenses using MTD-compatible software. This can include spreadsheets, accounting software, or other digital tools.
Quarterly reporting means landlords will need to submit a summary of their business income and expenses to HMRC every three months using MTD-compatible software.
Landlords will need to submit their tax returns online using MTD-compatible software. This can be done through HMRC online services or through third-party software.
Landlords will need to ensure that their software is up-to-date and compatible with HMRC's systems.
I am a certified instructor helping my clients transition to MTD. I offer full training and personal service for all my clients.
You can talk to me about any concerns or questions you may have and will always respond quickly and efficiently to any queries.
I understand that getting used to regular tax filing and new online accounting software can seem daunting. So having a trusted accountant is crucial to having peace of mind, and I will go above and beyond to make sure that this is the case.
Making sure that no matter your situation, you are being correctly taxed. I take care of your business and personal tax returns so you don't have to worry about getting it wrong!
- Andrew Passer
Experienced and committed to providing exceptional service to help you manage your finances more effectively.
Andrew is always on hand to provide expert assistance and guidance, nothing is too much and his manner is always kind and reassuring. His help is very much appreciated.
This is my first year with Andrew. I must say I am very impressed with how efficient and knowledgeable he is. I hope to be with him for many years. Well done Andrew Passer.
Frequently asked questions about MTD accounting.
MTD for Landlords is a UK government initiative that requires landlords to maintain digital records and submit their rental income and expenses information to HM Revenue & Customs (HMRC) using compatible accounting software.
Landlords must maintain digital records of their rental income and expenses using MTD-compatible software. They are required to submit quarterly updates to HMRC, followed by an annual declaration.
Yes, landlords can use spreadsheets for record-keeping, but they need to use MTD-compatible software to submit their quarterly updates to HMRC.
Landlords must submit quarterly updates within one month after the end of each quarter. Additionally, they need to submit an annual declaration within nine months after the end of the accounting period.
Penalties for non-compliance may include late filing penalties, interest on unpaid taxes, and potential surcharges for persistent non-compliance.
Yes, landlords can authorize agents (such as accountants) to submit MTD updates on their behalf using compatible software.
Get in touch for MTD Accounting
Let me know how and when to contact you.
I will contact you directly to discuss your situation.
Have a question you need answering?
A no-obligation chat about your accounting needs.
Send me a question or how to contact you for a consultation.
Thank you for contacting Andrew Passer Accountant.
I will respond to your query as soon as possible.
Contact details
Call : 020 8930 3983
Office location:
Charter House
20 Sunningdale Close
Stanmore
HA7 3QL
United Kingdom
Areas covered include;
Edgware - Harrow - Finchley - North West London - Central London - East London - Kensington - West London - South London - Greater London - UK
- UK
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