Tax Planning Ahead of Making Tax Digital (MTD)

In this episode of The Ledger Lounge, the we discuss how individuals and small businesses can prepare for Making Tax Digital (MTD) and why tax planning now is more important than ever.With MTD for Income Tax on the horizon, taxpayers will move from annual reporting to more regular quarterly digital updates, meaning better record keeping and forward tax planning will now become possible. Katie and Matthew explore the practical steps landlords, and the self-employed can take today to stay ahead of the changes.This episode of the Ledger Lounge is hosted by Matthew Taylor and Katie Allan from ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠James Scott Accountants⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠in Oldham, Greater Manchester. It is recorded at and produced by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠KUPOD Productions⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for ⁠⁠⁠⁠⁠Become Content⁠⁠⁠⁠⁠ in Oldham. The Ledger Lounge – Friendly DisclaimerEverything we chat about on The Ledger Lounge (and in these show notes!) is meant to be helpful, interesting, and easy to understand — but it’s not personal tax, accounting, financial, or legal advice. Everyone’s situation is different, so always speak to a qualified professional before making decisions based on anything you hear in the show.We do our best to keep things accurate and up to date, but rules and regulations can change. The views shared by our hosts and guests are just their own, so please don’t take them as official advice from any organisations we’re connected to.Basically: enjoy the conversation, learn something new, but don’t make big decisions without proper guidance!