Answering Accountancy Questions

S5 E3: What do I need to do today for Making Tax Digital (MTD)

In April 2026 HMRC’s Making Tax Digital finally goes live. In the 3rd episode of my Making Tax Return series I run through:Signing up for MTD with HMRC: https://www.gov.uk/guidance/sign-up-your-business-for-making-tax-digital-for-income-taxGetting your software ready to go.Do you need to do any bookkeeping right now?Here is a link to a short blog that covers the basics of Making Tax Digital: https://www.loudandclearaccounting.co.uk/blog/post/26030/what-is-making-tax-digital-mtd/

S5 E2: What do I need to do for Making Tax Digital (MTD)?

In April 2026 HMRC’s Making Tax Digital finally goes live. In the 2nd episode of my Making Tax Return series I run through:A quick recap of the last episode (who does MTD apply to and why are HMRC doing this to us!)What are the deadlines for the quarterly MTD submissions?Do I need software for MTD and what options are there avaliable?What will be included on the MTD quarterly submissions?Will there be any penalties if I miss a deadline?Here is a link to a short blog that covers the basics of Making Tax Digital: https://www.loudandclearaccounting.co.uk/blog/post/26030/what-is-making-tax-digital-mtd/

S5 E1: What is HMRC’s Making Tax Digital (MTD)?

In April 2026 HMRC’s Making Tax Digital finally goes live. In the 1st episode of my Making Tax Return series I run through:Who needs to register for MTDWhy HMRC have decided to do this. What MTD will involve and what to expect. Here is a link to a short blog that covers the basics of Making Tax Digital: https://www.loudandclearaccounting.co.uk/blog/post/26030/what-is-making-tax-digital-mtd/

S4 E11: (Director) How do I pay into a pension?

S4 E10: (Director) Can I pay myself without having a payroll scheme set up?

S4 E9: (Director) What should I pay myself?

S4 E8: Do I need to set up a pension scheme? (auto enrollment)

S4 E7: What do I need to do if my employee has another job or is also self-employed?

S4 E6: How and when do I need to pay my PAYE bill?

S4 E5: When do I need to submit my payroll?