Juliet McKenna, founder of On Tyne Consultancy Ltd, is calling on businesses and accountants to get up to speed with the latest AI-driven bookkeeping technology before a significant tax transformation takes effect. With Making Tax Digital for Income Tax (MTD IT) set to roll out in 2026, many sole traders and landlords will soon be required to submit tax returns digitally multiple times a year. Juliet, an experienced bookkeeper and early adopter of AI bookkeeping systems, is helping businesses and accountants streamline their financial processes through automation.
Operating from Gateshead, On Tyne Consultancy specialises in integrating accounting software, and utilising advanced AI applications, making bookkeeping faster, more efficient, and more accurate. Juliet has been instrumental in helping develop and demonstrate Jack AI, an intelligent bookkeeping assistant created by Jenesys AI. This technology learns from transactions, recognises patterns, and automates processes, significantly reducing manual input for bookkeepers and business owners alike.
“AI bookkeeping is transforming the industry,” says Juliet. “With tools like Jack AI, businesses can automate purchase invoice and receipt processing, reconcile bank transactions, and streamline their accounting systems—saving time and significantly reducing costly errors. But it’s crucial to start automating now before MTD IT makes digital tax filing mandatory for many small businesses.”
From April 2026, sole traders and landlords with a turnover above £50,000 will be required to submit additional quarterly tax updates to HMRC using approved software. In 2027, this threshold will lower to above £30,000 and eventually to above £20,000, bringing even more businesses into the fold. Juliet warns that many business owners are still unaware of these changes, and without preparation, they could face unnecessary stress and compliance issues.
On Tyne Consultancy offers tailored solutions to help businesses transition from spreadsheets to full automation, ensuring they remain compliant while improving efficiency. Juliet works closely with bookkeepers and accountants who may lack the time or expertise to implement automation themselves, as well as small business owners looking for the right tools to manage their finances more effectively.
Originally from the South, Juliet relocated to the North East nine years ago, bringing her extensive bookkeeping experience with her. What started as a side project has now grown into a thriving consultancy that bridges the gap between finance and technology.
For more information on AI-powered bookkeeping or how On Tyne Consultancy can help your business get automated, visit www.ontyneconsultancy.com or connect with Juliet McKenna on LinkedIn, or ontyneconsultancyltd on Facebook, and Instagram.