Self Assessment & MTD Income Tax Support

If you are self-employed or let property, keeping on top of your records can feel like a second job, and Making Tax Digital for Income Tax is adding quarterly deadlines to the calendar. Verdi Bookkeeping helps London freelancers, performers and landlords keep clear, digital records, prepare quarterly updates and get everything ready for the accountant who completes the final return.

We have worked with self-employed people for many years, including a large number in the entertainment world such as voice artists, actors, presenters and TV freelancers, whose income often comes from several sources, agents and productions. You will have a named bookkeeper who understands how you earn your living and what records you need to keep.

What's included

• Recording income from clients, agents, productions and platforms
• Recording and categorising allowable business expenses
• Reconciling your business bank account and cards
• Separating agent commission, fees and expenses on remittance statements
• Rental income and expense records for landlords, property by property
• Keeping digital records that meet MTD for Income Tax requirements
• Preparing quarterly update figures in MTD-compatible software
• Reminders of quarterly and annual deadlines
• Year-end summaries of income and expenses for your accountant
• Liaison with your accountant, who prepares and submits the final return

Making Tax Digital for Income Tax

MTD for Income Tax became mandatory from 6 April 2026 for sole traders and landlords with qualifying income (gross self-employment plus property income) over £50,000, based on the 2024/25 return. It extends to those over £30,000 from April 2027 and over £20,000 from April 2028. Partnerships are not yet in scope.

Late quarterly updates attract penalty points; reaching four points triggers a £200 penalty. The traditional Self Assessment deadlines still matter too: register by 5 October after your first tax year, file online and pay the balance by 31 January, with payments on account due 31 January and 31 July. Read more in our article on Making Tax Digital for Income Tax in 2026.

Who it's for

• Voice artists, actors, presenters and other performers
• TV, film and production freelancers working across several projects
• Writers, designers, photographers and other creative freelancers
• Consultants and sole traders in any sector
• Landlords with one or more rental properties
• Private individuals who simply want their paperwork in order

How it works

1. Free initial chat. We talk about your income sources, property, current records and whether MTD applies to you now or soon.
2. Gather records. You send bank statements, invoices, agent statements, receipts and letting agent reports, in whatever form you have them.
3. Set up. We organise your records and, where needed, set up MTD-compatible software with sensible categories.
4. Regular updates. We keep your records current and prepare each quarterly update, checking figures with you before anything is submitted.
5. Handover to your accountant. After the tax year we provide a full summary so your accountant can complete the final declaration or tax return.

Why choose Verdi Bookkeeping

Related services

Moving to software for MTD? See our cloud accounting setup and training. If you are VAT-registered, we also prepare VAT Returns, and if you employ anyone, we can run your payroll. For general record keeping, see our bookkeeping services.

Frequently asked questions