Step 1 of 3
Set up your workspace
Add your trade details. Include a let property in the same account if you have one.
For sole traders
Trade income and quarterly MTD in one workspace.
For UK sole traders in scope for Making Tax Digital for Income Tax. Keep digital records, log expenses and review each quarter before you file. If you also let property, trade and rental income can sit in the same account.
Quarterly MTDTrade incomeProperty incomeOpen Banking on Pro
Free works for a lean setup, including 1 let property. Pro at £9.99/month adds unlimited properties, portfolio reports and Open Banking.
The reality
Why MTD feels early for sole traders
GOV.UK and HMRC set the rules. Fiscyn does not replace professional advice. It gives you a practical place to keep records and review each quarter.
Bank balance is not your accounts
Money lands before you tag it. Making Tax Digital for Income Tax expects digital records through the year, not a January catch-up with receipts and bank exports.
Quarters replace the annual scramble
When you are in scope, you send quarterly updates as well as your usual Self Assessment return. If you have trade and property income, HMRC expects separate updates for each source.
Your accountant needs clear periods
Structured quarters with reviewable totals beat emailing a folder of PDFs every three months. Less back-and-forth before each checkpoint.
Trade and property often overlap
Many sole traders also let a home. Qualifying income combines gross self-employment and UK property income, so you can be in scope even when neither source alone looks large.
From GOV.UK
When MTD for Income Tax starts
Mandation is phased by qualifying income (gross self-employment plus UK property income). Employment income does not count. Confirm your dates on GOV.UK.
From 6 April 2026
Qualifying income over £50,000 in the 2024 to 2025 tax year
From 6 April 2027
Qualifying income over £30,000 in the 2025 to 2026 tax year
From 6 April 2028
Qualifying income of £20,000 or more in the 2026 to 2027 tax year
Quarterly updates are typically due by 7 August, 7 November, 7 February and 7 May. You still file your Self Assessment return by 31 January after the tax year ends. Read our MTD guide.
In the product
What Fiscyn does for sole traders
Built for UK sole traders who need quarterly discipline without rebuilding the year from scratch.
MTD tax workspace
Log trade income, expenses and reliefs as you go. Review each quarter before you send updates to HMRC.
Finance that matches the bank
Record transactions and summaries for your business. Pro adds Open Banking through TrueLayer.
Property in the same account
If you let residential property, keep rental records alongside trade income for MTD ITSA.
Records in one place
Exports, filing context and activity stay where you work. Less hunting for last quarter’s figures.
Easier adviser handoffs
Clear period totals when your accountant asks what changed between quarters.
Room to grow on Pro
Add properties, Open Banking and portfolio reports when a single-address Free tier is no longer enough.
Simple start
How most sole traders use it
Start with simple records, then tighten the habit before your first quarterly deadline.
Step 2 of 3
Log income and expenses as you go
Capture figures while you still remember what they were for.
Step 3 of 3
Review before each deadline
Check the quarter, then send your update when HMRC expects it.
Also see Fiscyn for landlords if you let property alongside your trade.
Pricing
Plans for sole traders
Same Free and Pro plans across Fiscyn. Free suits a lean setup including one let property. Pro when you need unlimited addresses, Open Banking or portfolio reports.
Free
Free
One property. No card required.
- One UK property: dashboard, compliance, tenancies and rent
- Finance and MTD tax workspace for that address
- Rental document templates and EPC snapshot
- Notifications and activity for that home
Pro
£9.99/month
Everything we ship, on every property.
- Unlimited properties and tenancies
- Portfolio reports: yield, roll-ups and compliance snapshot
- Open Banking via TrueLayer on every address
- Rent schedules and arrears across the portfolio
Free vs Pro for sole traders
MTD workspace and finance are included on Free within your scope. Rental documents apply when your workspace includes a let property. Pro unlocks unlimited properties and Open Banking.
MTD Self Assessment workspace
- Free
- ✓
- Pro
- ✓
Income & expense capture
- Free
- ✓
- Pro
- ✓
Finance & bank reconciliation
- Free
- Manual
- Pro
- + Open Banking
Property income alongside trade
- Free
- ✓ (1 property)
- Pro
- Unlimited properties
Quarterly review lane
- Free
- ✓
- Pro
- ✓
Rental documents & audit trail
- Free
- ✓
- Pro
- ✓
Portfolio Reports
- Free
- —
- Pro
- ✓
Dedicated trade-only onboarding
- Free
- Partial
- Pro
- Partial
Not built for (yet)
- VAT Making Tax Digital (we focus on Income Tax MTD ITSA)
- CIS subcontractor statements and deductions
- Payroll and employer RTI
- Dedicated mileage log (expenses can be captured manually today)
On our roadmap
- Trade-first onboarding without requiring a property address
- Clearer trade vs property split in quarterly summaries
Tell us what you need. We prioritise from customer and adviser feedback.
Official sources
Check the rules before you act
MTD rules and thresholds change. Confirm eligibility, deadlines and exemptions on GOV.UK before you act.
- Find out if and when you must use MTDPhased thresholds and start dates from GOV.UK
- Use Making Tax Digital for Income TaxDigital records, compatible software and quarterly updates
- Income Tax for sole traders and landlordsHow self-employment and property income fit Self Assessment
- Making Tax Digital for Income Tax collectionOfficial publications and updates
Get started
Ready to keep on top of quarters?
Start free and build the record-keeping habit. Contact us if you also run property and want one rollout plan.