Self-Assessment & Making Tax Digital: Personal Tax, Simplified
Whether you’re filing your annual return or preparing for the 2026 MTD for ITSA transition, we’ve built a digital-first approach that removes the January stress and keeps you 100% compliant.
The days of the "annual shoe-box" are over. With the introduction of Making Tax Digital for Income Tax (MTD for ITSA), HMRC now requires more frequent updates and stricter digital record-keeping. At Finsight, we don’t just help you "cope" with these changes—we use them to give you real-time clarity over your personal wealth.
Is your Personal Tax strategy 2026-ready?
Personal tax isn't just about reporting what you’ve earned; it’s about strategic timing and utilizing every available relief. We support three core groups in Brighton and Nationwide:
Limited Company Directors
We sync your personal tax with your corporate strategy, balancing dividends and salary to keep your "Total Tax" at its legal minimum.
Property Landlords
Navigating Section 24 and the new £50k MTD threshold. We manage your rental income digital records and ensure your mortgage interest relief is optimized.
Modern Freelancers & Sole Traders
From the first £1,000 of income to high-six-figure growth, we manage your transition from annual filings to the new quarterly MTD updates.
Making Tax Digital (MTD) for IT: What You Need to Know
From April 2026, if your qualifying income exceeds £50,000, you are legally required to move to a digital reporting system.
The Finsight "No-Friction" MTD Roadmap:
Digital Foundation: We migrate you to MTD-compliant software (Xero, QuickBooks, or FreeAgent).
Automated Capture: Link your bank feeds and use Dext to snap receipts. No more manual entry.
Quarterly Updates: We review your data every three months and handle the digital submissions to HMRC.
The Final Declaration: We wrap up your year-end, claim your reliefs, and tell you exactly what to pay—months before the deadline.
Frequently Asked Questions
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No. The amount of tax you owe remains the same. However, you will report your income four times a year instead of once. Our goal is to use this data to identify tax-saving opportunities earlier in the year.
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From April 2026, self-employed individuals and landlords with an income over £50,000 must follow MTD rules. Those earning between £30,000 and £50,000 will join the scheme in April 2027.
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Under MTD, you must use "functionally compatible software." While "bridging software" for spreadsheets exists, we recommend moving to a cloud-native system like Xero, Quickbooks, or FreeAgent for better security and automation.
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Got a question about a pension contribution or a rental expense? Just message us. No formal letters, no waiting.
Early Filing Guarantee: We aim to have all Self-Assessments finalized by October. No January panics here.Tech-Agnostic Experts: We don’t force you into one software. We find the one that fits your workflow.
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