Making Tax Digital for Income Tax is changing the way many self-employed individuals and landlords keep their records and report information to HMRC. But what does that actually mean for you in practice?

This practical 90-minute workshop is designed to take away the confusion and show you, step by step, how to prepare for MTD for Income Tax and manage your digital records with confidence.

Rather than simply talking about the legislation, we will look at practical examples using Xero, including how to set up your bookkeeping, record income and expenses, keep your records organised and understand the information that will be submitted to HMRC.

We’ll start from the beginning, so you don’t need to be an accountant or already be confident with bookkeeping software.

The aim is simple: by the end of the workshop, you should understand what MTD for Income Tax requires and have a clear process you can follow throughout the year whether you choose to manage it yourself or work with an accountant.

There will also be time for questions, so bring along the MTD and bookkeeping questions you’ve been wondering about.

What will I Learn?

  • What MTD for Income Tax means for your business.
  • Whether the new rules apply to you.
  • How to keep compliant digital records.
  • Using Xero to manage your bookkeeping.
  • Recording income and expenses correctly.
  • Managing invoices and receipts digitally.
  • Understanding quarterly submissions and year-end reporting.
  • Practical steps to prepare for MTD and stay compliant.

Who should attend?

Ideal for all sole traders, landlords, freelancers and small business owners who want to get ready for Making Tax Digital for Income Tax.

Event Accessibility

The Growth Hub is committed to providing universal access to all of our events. Please contact The Growth Hub Stroud on stroud@thegrowthhub.biz or call 01453 761184 to request disability accommodations. Advance notice is necessary to arrange for some accessibility needs so we request you contact us at least five working days before the event whenever possible.

How to Book

If you’re having difficulty signing up, it’s likely that the details you are trying to register with were initially entered prior to the launch of our new website in April 2024. You will therefore need to re-register for a new account, before booking a place to attend an event. If you are still having problems, please get in touch with a member of the Growth Hub team who will be happy to help: talktous@thegrowthhub.biz