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VAT penalties are changing from 2023

VAT penalties are changing from 2023

by Juliet Wylie | 27th October 2022 | Limited company, Making Tax Digital, Sole trader, VAT

Alas, there are yet more changes to get your head around. HMRC have now decided to change VAT late submission penalties, late payment penalties, and VAT interest charges. As if we didn’t have enough to worry about in this period of flux and seemingly endless...
What you can start doing about MTD for ITSA now

What you can start doing about MTD for ITSA now

by Georgi Rollings | 18th October 2022 | Landlords, Making Tax Digital, Self assessment, Sole trader, Start ups, Xero

Despite the current chaos in government all signs point towards Making Tax Digital for Income Tax Self Assessment – or the snappily named MTD for ITSA – going ahead from April 2024 as planned. Scarily that is now less than 18 months away. As accountants we...
Why you need to raise your prices

Why you need to raise your prices

by Georgi Rollings | 1st July 2022 | Business Planning, Limited company, Sole trader

Do you know how profitable your goods and services really are? Do you feel like you’re doing a lot of work but you’re not seeing it reflected in the money you take home?  A lot of business owners will be feeling this pain right now and unsure how to fix it. As a...
Do I need a Xero health check?

Do I need a Xero health check?

by Georgi Rollings | 1st June 2022 | Bookkeeping, Limited company, Sole trader, Start ups, VAT, Xero

You need to feel 100% confident in your business’ accounts. As the most popular cloud accounting software in the UK, you were expecting Xero to help you do that, but you’re not seeing all the magic you were promised. Instead of having better data, better processes and...
What are the benefits of filing my tax return early?

What are the benefits of filing my tax return early?

by Georgi Rollings | 23rd May 2022 | Landlords, Self assessment, Sole trader

You’re busy juggling all the different responsibilities of running your own business. Filing your tax return is on your to-do list but somehow, someway, it keeps getting put off. We’ve all left something until the last minute. You have a lot on your plate, and it’s...
Understanding the changes to National Insurance

Understanding the changes to National Insurance

by Juliet Wylie | 28th April 2022 | Being an employer, Directors, Limited company, Sole trader

Rishi Sunak had a few difficult decisions to make prior to his Spring Statement on 23 March. Knowing that households are going to be increasingly squeezed by rising costs of energy, fuel, food, in fact almost anything that we buy due to rising inflation, and with the...
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Starfish Accounting is a trading name of Starfish Accounting Limited. Registered in England and Wales, company number 07582136.
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