Making Tax Digital

What is Making Tax Digital?

As of April 2019, VAT-registered businesses with a turnover of more than £85,000 are required to use the Making Tax Digital (MTD) service to keep records digitally and use accounting software to submit their VAT Returns. This will enable businesses… Read more
What is a journal in accounting?

What is a journal in accounting?

If you’re new to accounting and wondering what a journal is then you’re in the right place. Here’s what you need to know. What is a journal? Your journal in accounting is a record of all of your transactions in chronological order. Your journal… Read more