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Professional accountants serving the UK and helping small businesses to grow!

Whether you are an expanding company or just starting up, KAMP Accountants is here to help.

With extensive experience working with large and small clients throughout the UK, we support large and small business in a broad range of business sectors with all their accountancy requirements.

Making Tax Digital (MTD) for Income Tax starts in six months

Newsletter issue – October 2025

Making Tax Digital (MTD) for Income Tax begins in April 2026. It will initially affect sole traders and landlords earning over £50,000 annually. The thresholds will gradually lower to £30,000 in 2027 and £20,000 in 2028.

MTD will require the use of MTD-compatible accounting software for Income Tax Self-Assessment (ITSA). Quarterly tax submissions will be made instead of a single annual return.

This government initiative to modernise the tax system by digitising records and submissions was originally announced in 2015, and aims to reduce errors, save time, and combat tax fraud - especially among small businesses. MTD is already in place for VAT-registered businesses and sole traders. It is estimated that 864,000 sole traders and landlords will need to comply.

There are concerns that this change will potentially add administrative and financial burdens for small businesses. The transition phase may cause stress and confusion, especially for those unfamiliar with digital tools. Experts urge better education and support to help businesses adapt. It is also believed that regular quarterly updates will help businesses maintain up-to-date financial records, enabling better cash flow management and early identification of issues.

Let us know if you'd like help preparing for these changes or exploring accounting software options.

Fees for non-recurrent services would be based on time involved and would be agreed before we start work on given task.

  • Accounts and Taxation
  • Accounts prepared on time and presented to you at your premises
  • Income tax calculations and projections
  • Annual superannuation certificates for Partners
  • Practice manager training about bookkeeping
  • 2 - 4 meetings in a year at your premises
  • Personal expenses
  • Payroll
  • SD55 for practice staff
  • Installation and training in respect of practice computerised accounting system
  • Unlimited telephone and email support for adhoc queries

Non - recurrent Services

•VAT advice •Capital gains tax planning •Partnership agreements •Surgeries finances •Pension planning •Budget and cashflow planning •Inheritance Tax planning

Recurrent Annual Services based on fixed fee:

  • Accounts and Taxation
  • Accounts prepared on time and presented to you at your premises
  • Income tax calculations for Principles and Associates
  • Practice manager training about bookkeeping
  • 2-4 meetings in a year at your premises
  • Personal expenses
  • Payroll
  • SD55 for practice staff
  • Installation and training in respect of practice computerised accounting system
  • Unlimited telephone and email support for adhoc queries

Non - recurrent Services

  • VAT advice
  • Capital gains tax planning
  • Partnership agreements
  • Surgeries finances
  • Pension planning
  • Budget and cashflow planning
  • Inheritance Tax planning

Fees for non-recurrent services would be based on time involved and would be agreed before we start work on given task.

Medical Practices

Our specialist team provides a wide range of accounting and business services to General Practice.

Recurrent Annual Services based on fixed fee:

Dental Surgeries

Fees for non-recurrent services would be based on time involved and would be agreed before we start work on given task.

Recurrent Annual Services based on fixed fee: