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 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