Making Tax Digital can feel like a big change, especially with new rules around digital records and quarterly submissions.
Making Tax Digital can feel like a big change, especially with new rules around digital records and quarterly submissions. But with the right tools and a little preparation, MTD can be straightforward.
Making Tax Digital: Myth-Busting Landlord Fears
This quick video breaks down what MTD actually means for landlords, busting a few common myths along the way.
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MTD for Landlords: What You Need to Know
A clear, jargon-free overview of MTD and how it affects landlords. Great for members still wrapping their heads around the changes.
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Here are two quick tips to keep you on top of MTD:
1. Stay on top of digital records:
HMRC’s MTD requirements mean you’ll need to keep all records digitally. This can be as simple as snapping a quick photo of receipts or using an app to record income and expenses, so everything is ready when you need it.
2. Find your MTD Software:
Since you’ll need to submit your tax details digitally, it’s worth spending time ahead of the deadline finding software that will be able to do this for you. It can take a while to get all your details into a new system and learn how to use it. So get ahead of the deadline and make sure you’re comfortable with your new software BEFORE you have to start using it for MTD.
If you’d like to see how PaTMa Property Manager can help make MTD as easy as possible, you can explore all its features here:
https://www.patma.co.uk/property-manager/?utm_source=sequence&utm_medium=email&utm_campaign=mtd