Why Xero is the best accounting software for Landlords
As a landlord, keeping on top of your accounting is an unavoidable task. Whether you’ve invested in a single property or you manage a whole portfolio, it’s another thing on your plate and you wish it involved less hassle. We bring good news! If you’re one of the 2.5...
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...
How do the trading year and tax year differ, and what effect does it have on my business?
If you’ve ever wondered what the difference is between your trading year and the tax year, your curiosity couldn’t have come at a better time. HMRC have recently introduced changes that make distinguishing between the two – and choosing the correct trading year...
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...
Mini Budget – what you need to know
Happy Friday – today’s mini budget from Kwasi Kwarteng is the biggest tax cutting bonanza since 1972. Being born slightly later than that, it is officially the biggest set of tax cuts in my lifetime. Goodness only knows how the country is going to afford...Follow Starfish Accounting
