What are Digital Links for MTD?
The requirements of Making Tax Digital (MTD) changed from 1 April 2021. It isn’t enough to just file your VAT return using software. Now you also have to worry about where your data comes from, and how it gets into your accounting records. So just what are...
What do I need to do about my taxes if I’m buying and selling cryptocurrency?
Cryptocurrency is a relatively new thing compared to other income you’ll be paying taxes on as a business owner or employee. Because of its comparative newness, there isn’t a huge amount of understanding out there as to how to manage the tax impact. HMRC states that...
Is Making Tax Digital just for VAT?
At the moment Making Tax Digital is only mandatory for VAT-registered businesses which are over the VAT registration threshold. And even then it is only a requirement for filing VAT returns. But is Making Tax Digital just for VAT? The short answer is no. MTD for VAT...
Why Xero is the best accounting software for Landlords
Change is coming for the more than 2.5 million landlords in the UK. In less than 2 years the majority of landlords will have to register for Making Tax Digital. If you own a buy to let or furnished holiday let property in the UK, now is the time to move to accounting...Follow Starfish Accounting
