Other than a few CIS lads who work for a larger client I do not have any sole traders as clients. I did not set out to avoid them it just seems to have happened.
However since the start of the new tax year I have been contacted by 11 prospects who are all sole traders, so quite small but some who are IFA's and a mortgage advisor etc. They were all previously DIY filers. Their reason for contacting me ranged from cannot be bothered to do their own books or worried they were not doing it right, most asked should you be using an app or software for record keeping and could I help them with that..
Is this the MTD effect pushing people into compliance. I had a lot of landlords contact me last year as they did not understand the new interest rules and for what costs to get the returns done they preferred just to pay for the piece of mind.
In NZ and OZ when digital tax came in there 5 years or so ago, it pushed a lot of people towards accounting firms to deal with it, and not hasten the demise of our industry as many doom merchants are predicting.
Just wondered has anyone else started to see people wake up and start to take action.