Making Tax Digital (MTD) is a new initiative that requires businesses and sole traders to keep their records digitally and submit quarterly returns digitally instead of using the traditional paper-based system. This means businesses have to move towards a digital tax system.

Getting your tax return right is of utmost importance. Not only will it save you time and money, but having accurate bookkeeping also gives you a better understanding of your financial situation. When filing taxes, it's important to be organised and thorough. To make sure that everything is properly accounted for, take the time to gather all of the necessary documents and information beforehand. Every tax-payer's personal tax situation is as individual as their health - no 2 people are the same! We'll discuss a few tips to help you prepare for your self assessment tax return.

Tax is seldom easy to the untrained eye. It can cause a lot of headaches, despite seeming simple in principle. There are lots of variables that come with calculating tax owed, especially where tax returns/self-assessments are concerned.