We believe MTD shouldn’t be complicated — so we’ve designed a straightforward, low-stress system that works for the vast majority of clients.
Our recommended setup:
- One dedicated business bank account
All business income and expenses go through one account only
→ No mixing with personal spending - Use your bank as the primary record
Your bank feed becomes your:
- Income tracker
- Expense tracker
- Core accounting record
- Monthly or quarterly CSV downloads
You simply:
- Download your bank statement (CSV format)
- Send it to us (or upload to the portal)
We handle the rest.
- Minimal admin for you
You only need to:
- Keep key receipts/invoices (where relevant)
- Avoid cash where possible
- If you do receive or expense cash, please use a separate spreadsheet for this.
- Keep things going through the bank
- We take care of compliance
We will:
- Categorise your transactions
- Prepare your quarterly submissions
- Handle the End of Period Statement
- Submit your Final Declaration
When might we recommend software like Xero instead?
We’ll suggest upgrading if you:
- Have high transaction volumes
- Need real-time financial visibility
- Run payroll or VAT schemes
- Want automation (invoicing, integrations, etc.)
Otherwise — our Excel + bank data approach is perfectly compliant and highly efficient.