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6 Simple MTD Tips Every Sole Trader Needs to Know 💼 1. Don’t mix business with pleasure → Open a dedicated business bank account 2. Choose MTD-compatible software early 3. Record income & expenses as you go (weekly or monthly) 4. Set reminders for your quarterly updates 5. Final declaration still due by 31 January 6. Simply sign up to My Accountant Friend and we’ll sort it all out for you Stay organised now = zero stress later! Which tip will you action first? Drop it in the comments 👇 DM us or visit myaccountantfriend.com to get started with hassle-free MTD compliance. #MTD #SoleTrader #MakingTaxDigital #SmallBusinessUK #MyAccountantFriend #Bookkeeping

🏆 We just WON Best Boutique Accountancy at the Business Awards UK 2026! Proof that making Making Tax Digital easy, accurate and painless actually gets noticed! HMRC letter? Quarterly updates? Final return by 31 Jan? We’ve got you — and now we’ve got the trophy to prove it. Thank you to every client who trusts us with their MTD journey! 📞 0207 100 6011 | myaccountantfriend.com #MTD #BusinessAwardsUK #Winner #MakingTaxDigital #AccountancyAwards

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🎉 Thrilled to announce @MyAccFriend has been SHORTLISTED for the 2026 Business Awards UK Accountancy Awards in THREE categories: Innovation, Best Accountants, and Best Niche! 🙌 Shoutout to our AI tech, MTD-ready software, ace team, and tailored solutions for small biz, freelancers & OnlyFans creators – making finances effortless! 💼🚀 Thanks to our clients & team! Fingers crossed for the win… 🏆 #AccountancyAwards #BusinessAwardsUK #Shortlisted #MyAccountantFriend #UKAccounting

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Struggling with MTD compliance? Check out my latest blog: A no-fluff review of top UK online accounting software. Recommend FreeAgent for non-stock businesses & Xero if you hold stock. Get sorted before April’s ITSA changes! 📊💼 Read here: myaccountantfriend.com/thelifehub/whi… #MTD #AccountingTips #SmallBizUK @MyAccFriend @freeagent @Xero

🚨 UK OnlyFans Creators: Tax Year Ends 5 April 2026 – Expert Tips to Finish Strong! 🚨 Hey creators! As accountants who specialise in supporting OnlyFans and content creators, we help you keep more of your hard-earned money while staying fully compliant. With the 2025/26 tax year ending soon, act now to optimise your position. Here’s our essential checklist – thread 👇 1/5: Review Your Business Structure & Salary/Dividends If you’re operating through a limited company, review salary drawn – take up to the £12,570 personal allowance to minimise National Insurance, then extract the rest as dividends (taxed at lower rates: 8.75% basic after the £500 dividend allowance). Sole trader? All profits are taxed via personal income tax bands. High earner not yet in a ltd? Switching can offer big tax savings and better liability protection. Let’s chat if you’re considering it! 2/5: VAT Registration Check – Urgent if You’re Scaling! If your taxable turnover averages £7,500+ per month (£90,000+ rolling 12 months), you MUST register for VAT. Charge 20% VAT on sales but reclaim it on your business expenses. Even if below the threshold, voluntary registration can be smart if you have significant costs (e.g., equipment, ads). Check your last 12 months NOW – don’t get caught by surprise! 3/5: Maximise Allowable Expenses & Capital Allowances Claim everything: cameras, lighting, props, marketing, subscriptions, home office space, internet, phone bills, etc. Buy any last-minute equipment before 5 April to benefit from capital allowances. If your turnover is low, remember the £1,000 trading allowance. Keep solid records/receipts – HMRC expects proof! 4/5: Tax Relief Opportunities to Grab Before 5 April Boost your pension contributions for full tax relief (up to 100% of earnings, with tax-free growth). Use your full ISA allowance (£20,000 for 2025/26) for tax-free savings/investments. Charitable donations can also reduce your tax bill. Set aside 20-45% of profits now to cover your upcoming tax liability. 5/5: Final Reminders from the Experts If your income exceeds £1,000 (after allowances), ensure you’re registered for Self Assessment – register by 5 October 2026 if new to it this year. File online by 31 January 2027. An experienced accountant is a game-changer for avoiding penalties and maximising savings. Stay smart, stay compliant, and keep creating! 💸 DM us for tailored help. #OnlyFansTax #UKContentCreators #TaxTips

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