How will the basis period reform affect my business?
HMRC have recently introduced changes to the basis period of taxation for certain businesses. Buckle up and grab a mug of something hot, because we’re going to dive into the details of how basis period reform could affect your business. Basis period reform will...
Why you need to digitise your business
Although the Making Tax Digital (MTD) for Income Tax Self Assessment deadline has been pushed back to April 2026, there are umpteen benefits to digitising your tax processes now. Whether you’re currently using computer-based spreadsheets or pouring over paper files,...
What you can start doing about MTD for ITSA now
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...
What are the benefits of filing my tax return early?
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...Follow Starfish Accounting
