Remove Accounting Remove Accounting Software Remove Corporation Tax
article thumbnail

Making Tax Digital for ITSA has been delayed, but we’re ready to support you

Xero

HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. With small businesses, accountants and bookkeepers facing challenging times, we understand and support the delay from HMRC – giving you more time to prepare. . Why has this happened?

Tax 49
article thumbnail

Digital Business Accounts vs. Traditional Business Accounts: Which is Right for Your Small Business?

Counto

Digital Business Accounts vs. Traditional Business Accounts: Which is Right for Your Small Business? Whether youre a new entrepreneur or a seasoned business owner, choosing the right type of business account can significantly impact your operations. Heres why digital business accounts are gaining popularity: 1.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Common Corporate Tax Issues in Ontario

Billah and Associates

Lets explore common corporate tax issues, and actionable strategies to avoid them, along with the benefits of working with a corporate tax accountant. How to Avoid It: Maintain separate bank accounts and credit cards for business transactions. Use online accounting software to categorize expenses accurately.

article thumbnail

Essential Accounting Tips for Singapore’s F&B Industry

Counto

Essential Accounting Tips for Singapore’s F&B Industry The food and beverage (F&B) industry in Singapore faces unique challenges, especially in terms of financial management. In this post, we’ll cover some essential accounting practices and tips that can help streamline financial management for F&B businesses in Singapore.

article thumbnail

Provisional Tax Planning: How Small Business Owners Can Avoid Year-End Surprises

Counto

Avoid Non-Compliance Risks Missing deadlines or underestimating your tax liability can lead to penalties and interest. Combine accounting and tax filing in a single plan. Steps to Stay on Top of Provisional Tax Tax planning doesnt need to be complex. Seek Expert Guidance Tax regulations can be complex.

Tax 52
article thumbnail

A short guide to Making Tax Digital for landlords

Xero

However, if you’re a landlord and you’re registered as a limited company, you’ll need to continue sending limited company accounts and corporation tax to Companies House and HMRC. First, the quarterly updates containing details of your income and expenditure (to be sent from your accounting software to HMRC every quarter). .

Tax 165
article thumbnail

Corporate Tax Filing in Singapore: A 2024 Guide for Businesses

Counto

Corporate Tax Filing in Singapore: A 2024 Guide for Businesses If you’re a business operating in Singapore, understanding the intricacies of corporate tax filing is essential to maintain legal compliance and financial stability. Click on it to access the corporate tax filing section within the MyTax Portal.