Cosmic Connects

Making Tax Digital for Income Tax Self Assessment

We are delighted to be welcoming Karen Gascoigne, from Solace , Taunton Somerset, as the speaker for our first meeting of Cosmic Connects in 2026.

Karen will be presenting on Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA), designed especially for sole traders and landlords with annual income exceeding £50,000.

She will explain what steps you need to take to ensure compliance with HMRC’s quarterly reporting requirements and how to prepare your business or property accounts effectively. During the session, Karen will:

• Outline the key obligations under MTD for ITSA ( Making Tax Digital for Income Tax Self Assessment.), including digital record-keeping, submission deadlines, and software requirements.
• Provide a practical walkthrough of how to use Xero to capture income and expenses, maintain digital records, and submit quarterly updates to HMRC.
• Discuss how business owners and landlords can stay compliant, avoid penalties, and streamline their bookkeeping processes using digital tools.
• Offer insights into how MTD will affect those with turnover below £50,000, as HMRC progressively lowers the thresholds to bring more self-employed individuals into the scheme.
• Share practical tips on getting ready for MTD, from choosing the right software setup to adjusting your record-keeping habits and workflows.

This session will be relevant not only to those already in the first phase of MTD but also to anyone looking to understand what’s coming and how to future-proof their processes.

Are you looking to make helpful business connections in the South West and beyond?

Cosmic Connects is a friendly, informal networking event for local professionals, freelancers, small business owners, creatives, and anyone interested in digital skills.

It’s a relaxed space to meet new people, share ideas, and learn something practical along the way. Expect a short, focused digital skills session, meaningful conversations, and connections that can lead to collaborations, referrals, or fresh opportunities.

Why come along?

• Meet forward-thinking people from East Devon and beyond
• Pick up practical digital insights you can actually use
• Build genuine relationships in a supportive, inclusive setting
• Stay up to date with digital tools that support modern businesses

The session is designed for busy people. Practical, down-to-earth, and easy to engage with. We’ll finish with a short Q&A and a few clear takeaways to support digital inclusion, without overwhelm.

Cosmic is a social enterprise supporting businesses and communities across the South West through digital skills training, IT support, and web services.

Reserve your FREE place today!