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Twelve years ago, Cherry Bookkeeping was built on passion, precision, and people.
Today, we’re proud to mark 12 successful years serving our clients and community. Thank you for your continued support and trust — here’s to many more years of working together. Big changes are coming for sole traders and landlords.
Under Making Tax Digital (MTD) for Income Tax, individuals with qualifying income over £50,000 will need to keep digital records and submit quarterly updates to HM Revenue & Customs (HMRC) starting from April 2026. Those earning over £30,000 will follow from April 2027. 🔹 What does this mean for you? ✔️ Digital record-keeping ✔️ Quarterly income and expense updates ✔️ An End of Period Statement ✔️ A Final Declaration to confirm your tax position The goal is to make tax reporting more accurate and up to date — but it will require new systems and good bookkeeping habits. If you’re self-employed or earn income from property, now is the time to review your processes, choose compatible software, and get comfortable with digital reporting. Need guidance on how MTD will affect you? We’re here to help you prepare with confidence. |
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February 2026
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