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 […]
Top-Rated MTD (Making Tax Digital), Compliant Accounting Services by Star Sterling Outsource
Making Tax Digital (MTD) is a UK government initiative launched by HMRC to revolutionize the way businesses, self-employed professionals, and landlords manage their tax affairs. At its core, MTD mandates the digital recording and online submission of tax data using HMRC-compatible software. Why does this matter? MTD ensures more accurate tax reporting, reduces human error, […]
Making Tax Digital: How VAT Return Services Can Help
Are you ready to revolutionise the way you handle VAT returns? Making Tax Digital (MTD) is here to shake things up and streamline the process. If the thought of navigating these changes sounds daunting, fret not! VAT return services are your secret weapon for mastering MTD effortlessly. Let’s delve into how these services can make […]
Making Tax Digital: What’s New for 2023/24?
Welcome to the future of tax compliance! Making Tax Digital (MTD) is revolutionising how businesses and individuals manage their taxes in the UK. With digital records at its core, MTD aims to streamline and simplify the tax system, making it easier for everyone involved. This blog post will explore what’s new for the 2023/24 tax […]
UK Masses Are Facing Delays In MTD VAT Registration
Making Tax Digital for VAT has always been under criticism for delays in VAT registration & check procedures. After Covid-19 and the EU transition, VAT registration takes more than 60 working days. One of the main reasons for the delay in VAT registration is the massive volume of online applications. Additionally, the second biggest reason […]
Updates in HMRC Guidance MTD ITSA
HMRC updated MTD for ITSA (Income Tax Self-Assessment) Guidance on 26 August 2022. Yet, a lot of work is still in progress. The HMRC has to leave software firms and vendors unanswered. HMRC has amended four key points for MTD for Income tax. The latest Guidance Update on MTD for Income Tax is as follows: […]