Making Tax Digital for Landlords & Sole Traders
We help landlords and sole traders move from paper, spreadsheets, or agent statements into HMRC compliant digital reporting, without having to become tax software experts.
Use our data submission form below to provide your data.
Our approach
Understanding three-line accounting
Three-line accounting allows you to submit your quarterly and final tax figures to HMRC in a simplified format, gross turnover, allowable expenses, and net profit. This removes the need for complex software and significantly reduces admin for straightforward businesses and property portfolios.
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Three-line accounting is a simplified reporting method to HMRC, not a shortcut to record keeping. You are still required to maintain detailed backing records, bank statements, invoices, receipts, and expense documentation to support the figures you submit.
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Our process when you use the three-line declaration form, is that you are providing us with your quarterly submission data. At the year end, we will review these submissions alongside your supporting records to:
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Verify the figures are accurate and complete
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Identify any adjustments or additional claims you may be entitled to
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Provide tax planning advice and insights
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Prepare your full annual return with our professional oversight
You avoid the cost and complexity of accounting software, but retain full professional support from us as your tax adviser.
What the Changes Mean
Making Tax Digital is more than a technical update from HMRC.
It changes how data must be reported, how records are kept, and how compliance is assessed.
These changes have practical implications for how landlords and sole traders manage their tax affairs.
for those eligible for "three-line" accounting, completing the form above may be the first step in digitalising your data.
The data reaches us in a digital format and stays digital through to submission.
More Frequent Reporting
MTD requires quarterly submissions and a final declaration.
This increases the number of deadlines and reduces the margin for error across the tax year.
Digital Records Become a Requirement
Under MTD, landlords and sole traders are expected to maintain compliant digital records.
Paper files, or ad hoc summaries are no longer sufficient on their own.
Responsibilities for Managed Landlords
Landlords using letting agents still remain responsible for tax reporting.
When data sits across agents, bank accounts and paperwork, digital compliance becomes harder to coordinate without a joined up approach.
Contact Us
If we can be of any help, please contact us via the form below and we will be in touch with you very soon.