How to apply for MTD exemption

How to apply for MTD exemption

If you’re wondering about Making Tax Digital exemptions, or want to find out how to apply, get all the answers you need in this quick guide. Am I already exempt from MTD? You might already be automatically exempt from Making Tax Digital! This will… Read more
How to do bookkeeping

How to do bookkeeping

When you run your own business, bookkeeping becomes an important part of keeping your finances in check. Here’s what you need to know to get started. What is bookkeeping? Bookkeeping is when you record your transactions. This includes purchases,… Read more
What VAT can be reclaimed?

What VAT can be reclaimed?

If you’re a business that charges VAT on your sales, and you’re registered for VAT, then you can reclaim the VAT charged on your purchases and expenses. Find out what you need to know about reclaiming VAT in this guide. How VAT works There are 3… Read more
What are trade debtors?

What are trade debtors?

What is a trade debtor? Trade debtors are customers who are yet to pay you for the goods or services you have provided. So, on your balance sheet, the amount for trade debtors is the total money your customers or other third parties owe you, such as… Read more
Flat Rate VAT Scheme guide

Flat Rate VAT Scheme guide

When you submit your VAT Return, there are different methods you can use. The Flat Rate VAT Return is a popular method with small businesses, but what is the Flat Rate Scheme and why could it be a good option for your business? What is the Flat Rate… Read more