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What is MTDKit?

MTDKit is a cloud-based solution designed specifically for UK sole traders, landlords, limited companies, and accountants, allowing for effective management of tax documentation and submission. It enables users to maintain digital records of their earnings and expenditures, import data from banks and letting agents through CSV files, track mileage, and generate financial statements. The application supports compliance with Making Tax Digital (MTD) regulations by facilitating quarterly updates for Income Tax as well as final submissions, including MTD VAT returns sent directly to HMRC, alongside separate Corporation Tax CT600 filings that use iXBRL accounts. Users can verify and approve their submissions before they are filed, which promotes both accuracy and adherence to regulations. Moreover, a public expense checker is included to assist users in ensuring their expenses align with HMRC standards. Accountants have the capability to access the accounts of their clients, and the All-Inclusive plan presents a user-friendly multi-client dashboard. A free account option is available for basic record management and CSV imports, although paid plans and submission fees are required for advanced filing functionalities. MTDKit is purposefully designed for UK tax reporting and does not feature Open Banking integrations, making it a specialized tool for its target audience. Ultimately, MTDKit not only simplifies the tax process for its users but also significantly boosts their efficiency and compliance in managing finances, establishing it as a crucial resource in their financial toolkit.

What is F The Hours?

F The Hours is a cutting-edge web application tailored for freelancers and sole traders in the UK, providing a comprehensive platform for time tracking, invoicing, expense management, and tax calculations. Users can easily record their hours categorized by client, project, and task type, with features that allow for grouped and flat views along with efficient filtering, searching, and one-click export options. The invoicing tool enables the generation of customized PDF invoices derived from logged hours, featuring invoice numbering and tracking for various statuses like draft, sent, paid, and overdue, which can be conveniently downloaded or emailed. To assist with tax obligations, the app continuously estimates for the current tax year, taking into account UK income tax brackets, Class 4 and Class 2 National Insurance contributions, student loan repayment plans, and payments on account, while also providing a calculator for determining take-home pay for both employed and self-employed users. Additionally, the Self Assessment feature categorizes income and expenses according to SA103 box numbers, presents a readiness score, and allows users to export their data in a spreadsheet format for straightforward submission to gov.uk, eliminating the necessity for direct filing with HMRC. The application also facilitates expense and mileage tracking using HMRC-recognized categories and rates, including allowances for home office expenses. Moreover, all user information is securely encrypted during both transmission and storage, remains protected within the UK, and is exportable as JSON or deletable at the user's request, thereby ensuring significant data privacy and user control. This dedication to security and functionality makes F The Hours an invaluable resource for those operating independently in the UK.

Media

Media

No images available

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

£0
A free account includes digital records and CSV imports. Pay as you go: VAT returns £3 per submission (first submission free) and CT600 returns £15 per submission. The ITSA plan is £2.99/month or £24/year; VAT and CT600 fees still apply. All-Inclusive is £9.99/month or £99/year and includes VAT and CT600 submissions, subject to monthly fair-use caps. No setup fee; prices include VAT. From December 1, 2026, new subscriptions are £5.99/month or £59/year for ITSA and £12.99/month or £129/year for All-Inclusive; existing subscriptions retain their price while active.
Free Version

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Not specified

Company Facts

Organization Name

MTDKit

Date Founded

2021

Company Location

United Kingdom

Company Website

mtdkit.com

Company Facts

Organization Name

F The Hours

Date Founded

2026

Company Location

United Kingdom

Company Website

fthehours.io

Categories and Features

Tax Compliance

Not specified

Categories and Features

Time Tracking

Not specified

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