Our aim is to make MTD simple, compliant, and stress-free.
Our Services
At Pritchard & Co incorporating J D Jones & Co our clients vary but our approach to each client is the same: to provide all-round solutions, designed to add value to businesses. We recognise that companies and individuals require different support at different stages of their growth, therefore we don’t force square pegs into “one size fits all” round holes, instead we provide bespoke, practical advice, in straightforward language.
Digital and cloud-based accounting is growing rapidly as technology continues to become avital part of our everyday lives. HMRC’s ‘Making Tax Digital’ initiatives have prompted a full roll out of digital accounting, financial information must be stored digitally and your taxes submitted through compliant software, starting with VAT from April 2019 and now income tax for many. Cloud-based accounting allows you to keep all of your business records in one, easy to access online location. You can securely open your accounts at the touch of a button and create and send invoices, keep up to date with payments and much more.:
We specialise in all round services for businesses from moving to cloud accounting software to corporation or family tax planning. We pride ourselves on providing a personal and professional service to all our clients and we consider our fees to be very competitive in the local area.
Our aim is to make MTD simple, compliant, and stress-free.
Who It Applies To
From April 2026, MTD for Income Tax applies to individuals who:
- Are self-employed and/or landlords
- Have gross income over £50,000 from these sources
The threshold will reduce to £30,000 from April 2027 and £20,000 from April 2028.
Some individuals may qualify for an exemption, such as those who are digitally excluded.
Client Obligations
Under MTD for Income Tax, affected clients must:
- Keep digital records of income and expenses
- Use HMRC-compatible software
- Submit quarterly updates of income and expenses to HMRC
- Submit a final declaration after the tax year to confirm their tax position
Quarterly updates are summaries, not full tax returns, but they are mandatory.
How We Can Help
We support clients at every stage of MTD compliance, including:
- Advising on and setting up MTD-compatible software
- Training and ongoing support to keep records correctly
- Preparing and submitting quarterly updates
- Completing the final year-end declaration
- Advising on exemptions, deadlines, and future threshold changes
Our aim is to make MTD simple, compliant, and stress-free.
Our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax, whether you're considering investments, a second home, or another asset.
Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions. In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.
Whether you're considering investments, a second home, or another item, our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax.
We can help walk you through the complicated subject of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the least amount of tax, we eliminate the time and worry involved. Our staff will provide guidance on when payments are due in addition to what paperwork must be submitted and returned in order to maintain compliance.
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