What you need to know about Income Tax Self Assessment and Making Tax Digital
On 23 September 2021, the Income Tax (Digital Requirements) Regulations 2021 (S1 2021/1076) for MTD ITSA were passed by Parliament, opening the gateway for MTD ITSA to commence on 06 April 2024. This is a one year delay from the initial plan to introduce MTD ITSA to...
Making Tax Digital for Landlords
There may be trouble ahead. You may not have heard much about Making Tax Digital for Landlords, but if you are a landlord that pays tax via self assessment then this is something you will have to deal with sooner rather than later. MTD for ITSA to give it its correct...
Should I file my tax return early?
Putting aside all the guilt connotations of the word “should” – and the fact that as accountants we are bound to say YES – there are a lot of good reasons to file your tax return early. Its human nature to let things you don’t like get...
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
