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...
What is the process to pay a dividend
You want to pay a dividend because you’ve heard it’s the most tax-efficient way of taking an income from the business. But the process isn’t as simple as just drawing out cash. With dividends, its important you follow the right steps. HMRC are hot on compliance checks...
Get quick accounting wins for your fashion business during challenging times
Fashion can be a tough business to be in at the best of times. Long seasonal cycles means time is largely spent planning ahead. Orders have to be in ahead of the season, and the cost of samples, manufacturing and marketing have to be covered early. Alongside the...
Selling to EU consumers and the VAT One Stop Shop
Selling to EU consumers has become a whole lot harder with Brexit. From truck drivers having their ham sandwiches confiscated (yes, seriously) to the astonishing new amount of red tape, to extra shipping charges, to delays. The last thing British exporters need are...Follow Starfish Accounting
