How to Set Up Making Tax Digital (MTD): Step-by-Step Guide
Imagine reaching the end of a financial quarter and, instead of scrambling through piles of receipts or wrestling with endless
Sterling & Wells
December 29, 2025
Meet the author
Sterling & Wells
We are Sterling & Wells — a UK-based team of accountants and tax advisors helping individuals and businesses stay fully HMRC compliant. From VAT and bookkeeping to self-assessments and tax planning, we’ve got your finances covered.
What are the Making Tax Digital Record Keeping Requirements 2026?
If you are a sole trader, landlord, or small business owner in the UK, Making Tax Digital (MTD) is set
Sterling & Wells
December 26, 2025
What Is the Threshold for Making Tax Digital?
The threshold for Making Tax Digital (MTD) is an important consideration for anyone earning income outside of standard PAYE employment.
Sterling & Wells
December 19, 2025
What Is the Self Assessment Income Threshold for 2026?
If you’ve ever been unsure about whether you need to complete a Self Assessment tax return, you’re not alone. Each
Sterling & Wells
December 18, 2025
Your Ultimate Guide to Making Tax Digital for Childminders
If you are a childminder running your own business, Making Tax Digital (MTD) is not a minor administrative tweak or
Sterling & Wells
December 17, 2025
MTD for Landlords – A Complete Guide
MTD for landlords replaces the traditional annual Self Assessment tax return with quarterly digital updates sent directly to HMRC through approved software.
Sterling & Wells
December 12, 2025
How to Complete Self Assessment as a Sole Trader
Completing your Self Assessment as a sole trader can feel like a big task, especially if you’re doing it for
Sterling & Wells
December 11, 2025
Corporate Interest Restriction (CIR) -Fixed Ratio Method
The Fixed Ratio Method (FRM) is the default method used under the Corporate Interest Restriction (CIR) rules for calculating a
Sterling & Wells
December 11, 2025
Making Tax Digital for Sole Traders: Detailed Guide
Making Tax Digital (MTD) is a government initiative designed to modernize the way taxes are managed in the UK. For sole traders, this initiative is particularly important, as it shifts you from the traditional annual paper-based tax return to a fully digital system.
Sterling & Wells
December 10, 2025