Category: accounting
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Navigating MTD ITSA: Essential Steps for Landlords
Soke Accounting Ltd aids landlords in preparing for HMRC’s Making Tax Digital (MTD ITSA) starting April 2026, which mandates digital record-keeping and quarterly updates for those with property income over £50,000. They offer software migration, compliance guarantees, and ongoing support to ensure smooth transitions throughout this tax reform.
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PAYE vs. Dividends: The Director’s Tax Balancing Act
For owner-directors of limited companies, deciding between a salary and dividends to extract profits is crucial. A blend of both, with a low salary around £12,570 and dividends, is often the most tax-efficient approach. However, you will need Professional help to assist you in your approach.
Soke Accounting 