Starfish Accounting

29/10/2026

There's been plenty to take in following yesterday's Budget!

To help make sense of it all, Georgi has recorded a quick video covering some of the main changes and what they could mean for you and your business.

So, grab a cuppa, have a watch and get up to speed on what's changing!

If you have any questions, please drop us a message.

28/10/2026

Another update from Companies House!

If you run a small or micro limited company, there are some changes worth knowing about.

The government has paused plans for small and micro limited companies to submit additional Profit and Loss (P&L) information from April 2028.

However, other changes are still going ahead.

From April 2028, companies will need to use suitable software to file their annual accounts.

So, do you need to do anything differently? And what does this mean for your business?

We've covered the key changes in our latest blog, without the complicated jargon.

Read it here: https://www.starfishaccounting.co.uk/blog/limited-company/companies-house-changes-2/

Companies House changes explained for small businesses. Find out what's changing, what it means for your company and how to prepare

27/10/2026

Using your own car for business? Don't forget your mileage!

Those trips to client meetings, suppliers or business events could help reduce your tax bill!

If you use your personal car for eligible business journeys, you may be able to claim mileage expenses.

The mileage rates have changed!

From 6 April 2026, HMRC's approved mileage rate increased to 55p per mile for the first 10,000 business miles.

55p per mile – first 10,000 business miles

25p per mile – for business miles over 10,000

Top tip! Carrying a colleague on an eligible business journey? Your employer can pay an extra 5p per mile, per passenger.

Don't forget to keep a record of your business journeys, including dates, destinations and mileage, so you can claim the expenses you're entitled to.

Those little trips can soon add up!

Just remember, your regular commute to a permanent workplace doesn't usually count, and the rules depend on how your business claims vehicle expenses.

Not sure what you can claim? We're always happy to help!

26/10/2026

Making Tax Digital doesn't mean paying tax four times a year.

That's one of the biggest misconceptions about the new rules!

Making Tax Digital (MTD) for Income Tax is already here for some sole traders and landlords, with more businesses coming into scope from April 2027.

So, what actually changes?

You'll need to keep digital records.
You'll send quarterly updates to HMRC using compatible software.
You'll still complete your year-end tax return.

And no, quarterly updates don't mean quarterly tax bills!

While it might sound like more admin, having up-to-date records can also help you understand your finances and make better business decisions.

At Starfish Accounting, we believe technology should make running your business easier, not more complicated.
That's why we've broken down Making Tax Digital in plain English, including who it affects, what you need to do and when.

Read our latest blog to find out more: https://www.starfishaccounting.co.uk/blog/making-tax-digital/making-tax-digital-it-what-you-need-to-know/

Follow Starfish Accounting for more practical accounting tips, without the jargon.

If you’re self-employed or a landlord earning over £50,000 a year, MTD IT is heading your way in April 2026.

23/10/2026

The clocks go back this Sunday, which means one extra hour!

We'd never tell you to skip a lie-in…

But if you fancy putting that extra hour to good use, here are four quick wins for your business:

1. Chase an outstanding invoice.
2. Upload those receipts still sitting in your bag or inbox.
3. Check your cash flow for the next few weeks.
4. Take a look at your next VAT deadline.

Just one hour now could save you a lot of stress later.

So, which would you pick? Or are you keeping that extra hour for a well-deserved lie-in?

22/10/2026

Reminder: Paper Self Assessment Tax Return Deadline – 31 October 2026

The clock is ticking!

If you still prefer submitting your 2025/26 Self Assessment tax return on paper, there's just over a week left until the deadline.

Remember, HMRC must receive your paper tax return by 31 October 2026.

But here's a thought… why not make things easier by switching to online filing?

Filing online isn't just quicker and more convenient. It also gives you until 31 January 2027 to submit your return, with helpful checks along the way to reduce common errors.

If your current approach is adding unnecessary stress, perhaps it's time to consider making the switch.

21/10/2026

Turnover, profit and cash… they're all important, but they're not the same thing!

Your sales might be looking great, your business might be making a profit, but your bank balance could be telling a different story.

Knowing what each number means helps you see the bigger picture, plan ahead and make decisions with confidence.

Swipe through to see what each number is really telling you.

20/10/2026

Look what arrived in the post!

A huge thank you to Amy Doughty and the lovely bots for that team for this unexpected surprise!

Our very own Georgi Rollings enjoyed sharing the stage with Amy Doughty at the Digital Accountancy Show’s AI in Accounting Theatre, brought to life by the bots for that team!

And our new little green office companion has a rather lovely meaning behind it… friendship and financial growth.

A little reminder that real, sustainable growth isn't just about the numbers on a spreadsheet (although we do love a good spreadsheet!).

It's about the people we meet, the connections we make and the relationships we nurture along the way.

That's what we love about events like Digital Accountancy Show. Sharing ideas, supporting one another, and building connections that last long after the event itself.

Here's to keeping those connections growing!

19/10/2026

A big congratulations to Georgi, Darren and Christopher, who have all recently become Certified Numbers Mentors from Clarity® HQ!

But what does this actually mean for our clients?

Its about more than gaining another qualification. Its about helping business owners understand their numbers, see whats really happening in their business and feel more confident about the decisions they make.

Whether that's understanding where their profits are going, keeping costs under control or spotting opportunities for growth, having a clearer picture of the numbers can make a real difference.

At Starfish Accounting Ltd, we believe accounting is about more than just numbers on a spreadsheet. It's about helping business owners understand what those numbers mean for their business.

And that's why this achievement matters. It strengthens the support we can offer our clients.

Congratulations again!

16/10/2026

Fun Friday fact!

Did you know that £1 wasn’t always 100p?

Before decimalisation in 1971, £1 was divided into 20 shillings or 240 old pennies.

That means something costing £1 could have been written as 20 shillings or 240d.

Decimalisation Day was 15 February 1971, when the UK switched to the pounds and pence system we use today.

Imagine doing your bookkeeping with that system!

The Bank of England has an interesting page on the history of shillings and pounds if you’d like to have a look: https://www.bankofengland.co.uk/education/education-resources/shillings-to-pounds-converter

Got a weird or wonderful fact about numbers, money or tax? Drop it below.