Making Tax Digital Is Here. Let Taxwise Take Care of It.
Making Tax Digital for Income Tax is now live.
For affected sole traders and landlords, MTD changes the way accounting records are maintained and information is reported to HMRC.
Instead of dealing with your bookkeeping only once a year, affected taxpayers need to maintain appropriate digital records, use compatible software and provide quarterly updates to HMRC.
Taxwise Accountants NI provides a complete Making Tax Digital service for sole traders and landlords across Belfast and Northern Ireland.
Our aim is simple: You Run Your Business. We Manage MTD.
Quarterly updates are not four complete Self Assessment tax returns.
The updates are based on the digital income and expense records held in your compatible accounting software. Your accounting records are then finalised as part of the year-end tax-return process.
The purpose of the quarterly system is therefore to maintain and report information more regularly throughout the year.
Missed an MTD Quarterly Deadline?
If you should already be using Making Tax Digital and have fallen behind, it is better to address the problem now rather than leaving it until the end of the tax year.
For 2026/27, HMRC is not applying penalty points for late quarterly updates. However, affected taxpayers must still maintain digital records and send the required quarterly updates before submitting their tax return.
Taxwise NI can help organise your bookkeeping and bring outstanding MTD records up to date.
MTD affects a wide range of self-employed businesses. We can support:
Taxi drivers
Contractors
Tradespeople
Consultants
Freelancers
Retailers
Hospitality businesses
Professional service providers
Other sole traders
The practical challenge for many businesses will be moving from once-a-year bookkeeping to keeping financial records properly organised throughout the year. Taxwise can manage that process for you.
Making Tax Digital for Landlords
Property income can also bring individuals within MTD.
This becomes particularly important if you receive both self-employment income + property income.
Even where neither income source individually exceeds the relevant threshold, the combined qualifying income may affect your MTD position.
We can help establish appropriate digital records and manage the ongoing reporting process.
Digital Bookkeeping & Xero
Good bookkeeping is at the centre of Making Tax Digital.
Taxwise NI can help move your accounting records into a suitable digital system and establish a process that works throughout the year.
As a Xero Certified Advisor, we can help clients use cloud accounting where appropriate, including:
Bank feeds
Digital records
Expense categorisation
Reconciliations
Regular bookkeeping
Financial reporting
The objective is not simply to comply with MTD. It is to create an accounting system that is easier to manage and gives you better visibility over your finances.
How Our MTD Service Works
1. We Check
We review your circumstances and determine when MTD applies.
2. We Set Up
We establish your digital bookkeeping and compatible accounting software.
3. We Maintain
Your records are kept organised throughout the year.
4. We Report
We manage the agreed quarterly reporting requirements.
5. We Finalise
We complete your year-end accounting and tax-return process.
Why Choose Taxwise for Making Tax Digital?
Complete Support
Bookkeeping, software, MTD reporting and year-end tax support can be managed together.
Belfast-Based
Professional local support from our Belfast office, with digital services available throughout Northern Ireland.
A Team of Qualified Accountants
Xero Certified
Practical support with modern cloud accounting.
Tax Advice Included
MTD is not simply about software. Your overall accounting and tax position still matters.
Personal Support
You have someone to contact when questions arise.
Whether you should already be using MTD or need to prepare for April 2027, getting your accounting system organised early can make the transition considerably easier.
Not sure where to start or whether you need an accountant? Book a free, no-obligation consultation and get clear, practical advice tailored to your business.
