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...
How can I get the best tax advice for my small business?
Why the man down the pub won’t cut it As a small business owner, you’re working hard to build the best business possible. Part of this process is finding knowledgeable partners who can help you make big decisions. When it comes to something as important as your...
What expenses can I put through my business?
Being a bit cheeky about what business expenses can be claimed may seem harmless in the moment. For example, like most of us this past year you’ve been working from home. You’ve noticed a great spot just right for a hot tub outside of your home office window, so you...
Why you need a Government Gateway account and how to set one up
The Government Gateway is a central place where you can register to use online Government services. The User ID and password you receive as part of the sign-up process will enable you access many of HMRC’s digital services including your personal tax account. As best...
When should I register for VAT?
VAT can be a source of curiosity and confusion for business owners. Do you have to register for it or do you choose to? When is it necessary? And why? Is it a good thing? Though you can choose to voluntarily register for VAT at any time, there is a VAT registration...Follow Starfish Accounting
