MTD – Making Tax Digital software – Hammock v Xero
Here’s a practical comparison of Xero and Hammock software from a landlord/landlord-portfolio management perspective. It will cover core features, target users, pricing, ease of use, accounting/automation capabilities, rental-specific tools, integrations, security, and who each is best for.
Making Tax Digital for Income Tax will now be introduced in April 2024
On 23rd Sept 2021 HMRC announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) will be introduced a year later than planned, in the tax year beginning in April 2024.
MTD for Income Tax by April 2023
Making tax digital for landlords has been on the cards for some time and now the government has finally come up with the start date for landlords and other property investors to report tax quarterly under the new system. April 6, 2023 is the date when anyone making more than £10,000 a year from property […]