Скачать или смотреть Best Accounting Software for Sole Traders UK 2026 | MTD Compliance Guide

If you're a UK sole trader, Making Tax Digital (MTD) for Income Tax starts April 2026 - and you MUST use compliant accounting software. In this video, we review the best MTD-compatible platforms for sole traders and help you choose the right one.
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📊 Xero Pricing Details: https://referrals.xero.com/mjkk0a7nw0...
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⏱️ TIMESTAMPS
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0:00 - Introduction: MTD is Coming April 2026
0:45 - What Sole Traders Need in 2026
2:15 - Making Tax Digital Requirements Explained
3:30 - #1: Xero (Best All-Around for Sole Traders)
5:45 - #2: QuickBooks (Best for UK-Specific Features)
7:20 - #3: Coconut (Best for Mobile-First Users)
8:50 - #4: Sage (Best for Simplicity)
10:15 - Making Tax Digital: What You Need to Know
12:00 - Quick Comparison & Recommendations
13:20 - Tips for Choosing the Right Software
14:10 - Conclusion & Final Thoughts
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🇬🇧 MAKING TAX DIGITAL (MTD) - KEY DATES
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📅 April 6, 2026: MTD mandatory if income over £50,000
📅 April 2027: Threshold drops to £30,000
📅 April 2028: Threshold drops to £20,000
What MTD Means for You:
✅ Must use MTD-compatible software
✅ Keep digital records (no spreadsheets alone)
✅ Submit quarterly updates to HMRC
✅ Still file annual self-assessment by Jan 31st
✅ 12-month grace period for penalties (if joining April 2026)
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💼 TOP 4 ACCOUNTING SOFTWARE COMPARED
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1️⃣ XERO - Best All-Around ⭐ Our Top Pick
💰 Price: £15/month (90% off first 6 months available)
✅ Fully MTD-compliant
✅ Excellent bank feeds & auto-categorisation
✅ Professional invoicing with payment links
✅ Receipt capture via mobile app
✅ Clean, intuitive interface
❌ Payroll is an add-on
👉 Best for: Most sole traders wanting reliable, complete solution
2️⃣ QUICKBOOKS - Best for UK Tax Compliance
💰 Price: £15-20/month
✅ Rated top MTD platform by Consumer365 (Jan 2026)
✅ Built for HMRC compliance
✅ Excellent self-assessment support
✅ AI-assisted categorisation
✅ Tax estimates throughout the year
❌ Can feel feature-heavy for very small operations
👉 Best for: Tax-focused sole traders prioritising HMRC compliance
3️⃣ COCONUT - Best for Mobile Users
💰 Price: £9/month (Most Affordable!)
✅ Mobile-first design
✅ MTD-ready with step-by-step guides
✅ Real-time tax estimates
✅ Seamless bank connections
✅ Accounting support packages available
❌ Less feature-rich than Xero/QuickBooks
👉 Best for: On-the-go freelancers working from smartphones
4️⃣ SAGE - Best for Simplicity
💰 Price: £15/month
✅ Trusted UK brand (decades of experience)
✅ MTD-compatible
✅ Sage Copilot AI assistant (2026)
✅ Clean, no-frills dashboard
✅ Core accounting features
❌ Lacks advanced features like time tracking
👉 Best for: Straightforward sole traders wanting simple, reliable software
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🎯 QUICK DECISION GUIDE
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Choose XERO if: You want the most complete, reliable solution
Choose QUICKBOOKS if: UK tax compliance is your top priority
Choose COCONUT if: You work mostly from your phone
Choose SAGE if: You want simple, trusted, no-frills software
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💡 WHAT SOLE TRADERS NEED
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✓ MTD-compatible software (mandatory!)
✓ Digital record keeping
✓ Invoicing & payment processing
✓ Expense tracking & categorisation
✓ Bank reconciliation (automatic feeds)
✓ Self-assessment support
✓ Receipt capture (mobile app)
✓ Quarterly HMRC submission capability
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💬 LET ME KNOW
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Are you ready for Making Tax Digital? Which software are you using or planning to switch to? Drop a comment below!
Already MTD-compliant? Share your experience to help other sole traders!
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DISCLAIMER
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Some links in this description are affiliate links, which means I may earn a small commission at no extra cost to you if you make a purchase. All information regarding Making Tax Digital and compliance requirements is accurate as of February 2026 but may change - always check the official HMRC website for the most current MTD guidance. This video is for informational purposes only and not financial or legal advice.

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