What is Cloud Accounting & How Does it Work?
The United States dominates the global public cloud market, with a projected spend of $466.06 billion in revenue in 2025. 42% of Australian businesses use paid cloud computing to manage their operations. 38% of European companies rely on cloud-based financial software. But what exactly is “the cloud,” and why is it so crucial for businesses […]
How to Prepare for a HMRC Tax Investigation: A UK Accountant’s Advice
Understanding HMRC & Tax Investigations Her Majesty’s Revenue and Customs (HMRC) is the UK government body responsible for collecting taxes, administering certain benefits, and enforcing tax laws. They ensure individuals and businesses pay the correct amount of tax—and when something seems off, they may investigate. Types of HMRC Investigations Not all investigations are created equal. […]
ERS Returns Explained: Tax Implications & Compliance
Employers must meet various responsibilities annually, one of which is submitting Employment Related Securities (ERS) returns. While this is a reporting obligation, it is frequently neglected because HMRC does not provide notifications or reminders to employers, which can result in missed deadlines and possible fines. Understanding ERS Returns Returns for Employment Related Securities (ERS) are […]
P11D Deadline Approaching? Here’s How to Stay Compliant
The P11D deadline is a crucial date for employers in the UK. Failing to meet this deadline for P11D filing can result in penalties and unnecessary stress. As the deadline looms closer, it’s essential to understand the process, avoid common mistakes, and use the right tools to ensure compliance. This guide will cover all you […]
UK Employers: Meet P11D Deadlines and Submit with Confidence
As a UK employer, navigating HMRC regulations and deadlines can be a challenge. One crucial aspect is submitting your P11D forms on time and accurately. This blog by Star Sterling Outsource will equip you with the knowledge to meet P11D deadlines and submit with confidence. Note: HMRC No Longer Accepting Paper P11D and P11D(b) Forms What […]
UK Self-Assessment Guide: Do’s & Don’ts for Freelancers & Self-Employed
Navigating the complexities of UK Self-Assessment can be daunting for freelancers and self-employed individuals. This Star Sterling Outsource comprehensive guide will equip you with the essential do’s and don’ts to ensure a smooth and accurate self-assessment experience. From gathering the necessary documents to maximizing deductible expenses, we’ll empower you to fulfil your tax obligations confidently. […]
What You Need to Know About Penalties for Inaccuracy in Returns and Documents: A Comprehensive Guide
Filing taxes can be a stressful and confusing process, and the last thing anyone wants is to receive an error penalty from HMRC. Penalties can range from a few hundred pounds to thousands and can be a significant source of stress and financial burden for taxpayers. In this guide, we’ll provide an overview of error […]