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...
What do I need to do about my taxes if I’m buying and selling cryptocurrency?
Cryptocurrency is a relatively new thing compared to other income you’ll be paying taxes on as a business owner or employee. Because of its comparative newness, there isn’t a huge amount of understanding out there as to how to manage the tax impact. HMRC states that...
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...
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...
March 2021 Tax Day Announcements
We all heard the announcements made in the 2021 Budget on 3 March 2021. But did you know that HM Treasury published more than 30 tax policy announcements and documents? These Tax Day announcements were made less than 3 weeks later. No changes will be implemented in...Follow Starfish Accounting
