u/Beautiful-Cheek-3032

Hi, i’m a freelancer and my self employed income is just over £50,000, so I’m trying to understand what I’ll need to do for Making Tax Digital for Income Tax Self Assessment. I currently keep fairly simple records: invoices, business expenses, and basic bookkeeping. I’ve seen that HMRC lists MTD compatible software, including some free options, but I’m not sure whether free software is realistic for someone in my situation. Do i need to pay for accounting software like Xero, QuickBooks, etc or can i use HMRC-approved free software?

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u/Beautiful-Cheek-3032 — 15 days ago