Big changes are coming for sole traders — are you prepared?

From April 2026, Making Tax Digital (MTD) for Self Assessment becomes mandatory for sole traders and landlords with turnover above £50,000. That means digital record-keeping and quarterly submissions will no longer be optional — they’ll be the law.

If your business falls into this category, now is the time to act. Early preparation means fewer surprises, smoother transitions, and more time to focus on what you do best: running your business. It doesn’t matter if you make the income threshold from a sole trader business, or from your income as a landlord, you’ll still have to comply with the new rules. The one group this does not apply to is those who revieve dividend income above this amount, at least not as yet.

At Baird Consulting, we’re already helping clients navigate the upcoming changes with clarity and confidence.

Get in touch with us today for a free, no obligation chat about your exact circumstances.