In this piece for Financial Accountant, Jonathan Cooper, our Founder and Director, shares his thoughts on MTD for Self Employed individuals.
If you missed the original article, catch up below.
“From the many Sole Traders we speak to, many are not aware of the upcoming MTD for ITSA due in April 2026. Even the ones that are aware often lack a clear understanding of the details – and, more importantly, how it could affect them and their respective businesses.
“In my opinion, one of the reasons for this boils down to the relationship between business owners and their accountants. Too often, Sole Traders and Directors of small businesses see accountancy as a necessary overhead, instead of what it actually is – a strategic investment.
“The truth is that having the right accountant is key to the success of any business. And a proactive, communicative relationship ensures business owners are informed and supported through key changes like MTD.
“Unfortunately, there are far too many accountants who don’t take this proactive approach and whose lack of engagement can have serious long-term implications on their clients’ businesses and plans for the future.
“We always advise that business owners sense-check everything around their business – including their advisory relationships. If they aren’t getting the value, insight, or forward guidance they need from their accountant, it may be time for them to look elsewhere.”