Debitoor blog

Get news, tips and tricks and nice-to-knows from the Debitoor universe explained in a simple way

Accounting software or invoicing software?

Written by Kate Kate , 22 March 2019 in Accounting

For anyone running a small business, it’s important to have the right tools for creating invoices, sending quotes, and keeping track of your company finances. When looking for software to help you do this, you’ll come across many different options for invoicing and accounting, but rather than having one program for your invoices and one program for your accounts, why not choose software that combines the two?

Debitoor invoicing software makes it easy for small businesses to manage their bookkeeping and accounting

With Debitoor invoicing software, you’re able to do much more than just send invoices. Here’s 5 ways that you can use the features in your invoicing software to manage your company’s bookkeeping and accounting.

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HMRC’s Making Tax Digital: A Debitoor Q&A

Written by WhitneyWhitney, 21 March 2019 in Making Tax Digital

The start of Making Tax Digital for businesses over the taxable turnover threshold of £85,000 is just around the corner. With April 1st coming up quickly, VAT-registered businesses in the UK are looking for answers and solutions for managing VAT returns under the requirements laid out by this new regulation.

Here at Debitoor, we’ve also been hard at work preparing for the April 1st deadline, to ensure that the software offers the options necessary for our users to continue their invoicing and accounting needs and meet the requirements of Making Tax Digital software.

In this article we have a short set of questions and answers about MTD in general, plus specific information about Making Tax Digital and Debitoor.

Debitoor accounting and invoicing software is HMRC approved. Submit your VAT returns easily from your account to HMRC, just like on this computer.

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Marketing success strategies - from real small businesses

Written by WhitneyWhitney, 19 March 2019

You want your business to succeed. You put time, money, effort, and possibly a few sleepless nights into creating a business. But simply starting it, getting a logo, putting up a website, won’t automatically start reeling in the customers. For that, you need marketing.

For some, marketing might seem like a difficult nut to crack. How do you break into a market when just starting out? Is there a secret to getting the right message to the right potential customers? What’s the best medium? What if your business is already established and you’re looking to expand your reach?

Do you have a marketing strategy like this one shown on a desktop computer?

There are plenty of questions because there are plenty of ways to go about marketing for your business. While the route you decide to take ultimately depends largely on your industry, market, competitors, and basically: just what works, there is some useful advice out there to help you find the best strategy for your business.

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Home office? Learn about the tax advantages (and issues)

Written by Steve BicknellSteve Bicknell, 28 February 2019

Many who are self-employed either start out with or continue to run their business from home. The home office is a cost-effective way to get started with a business, also preventing the hassle of finding and arranging a workspace or shop.

Whether you’ve converted a room to your home, made a space in your living area, or equipped your garden or garage to meet your business needs, your home office is a space dedicated to growing your business.

While you save money on the obvious rental costs of a space outside your home, there are also a number of tax advantages to the home office.

In some cases, you can claim renovation costs for a home office, like this picture of a room being repainted

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Rules for digital records keeping as part of Making Tax Digital

Written by JackJack, 26 February 2019 in Making Tax Digital

Before you start panicking - if you're used to keeping paper records or doing things manually, this doesn't suddenly mean that you have to start scanning everything you've ever done so that there's a digital copy of it all. You can carry on with a paper based system so long as each individual transaction is also recorded and stored somewhere digitally (to later be communicated to HMRC).

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What is a complex business under HMRC's Making Tax Digital scheme?

Written by JackJack, 26 February 2019 in Making Tax Digital

With HRMC’s Making Tax Digital deadline(s) approaching fast, we thought it would be a good idea to look at what HMRC means when they consider a business “complex” (in turn, complex enough to give some businesses a 6 month delayed deadline until October 2019).

... continue reading: What is a complex business under HMRC's Making Tax Digital scheme?

Moving from Excel to online accounting software for Making Tax Digital

Written by JackJack, 26 February 2019 in Making Tax Digital

By this point, you've probably heard somewhat of HMRC's new Making Tax Digital Scheme that's set to roll out on the 1st of April 2019. Or you might be very familiar with it.

HMRC want to use their Making Tax Digital initiative to bring tax reporting and compliance up to date - and for HMRC themselves to become one of the most digital advanced tax administrations in the world.

As it stands, all businesses that are over the VAT threshold of £85,000 a year turnover and are not complex in nature will have to comply with HMRC's Making Tax Digital scheme when it's introduced in April.

If your business is considered complicated, then Making Tax Digital will not come into effect for you until October 2019.

... continue reading: Moving from Excel to online accounting software for Making Tax Digital

5 business mistakes - and what to do about them

Written by WhitneyWhitney, 20 February 2019

When running a business, it can seem like there is always something that pops up and needs your attention. But it’s still up to you to make the right decisions for the best impact on your business. However, this can be a bit difficult, especially if there are easier or cheaper options.

In this article, we look at a few common things that businesses do that can be changed and can have a positive impact on your business, stress levels, and even cash flow.

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Penalties under the Making Tax Digital Scheme

Written by JackJack, 19 February 2019 in Making Tax Digital

After some debate (and feedback on how it should be structured in regards to simplicity), HMRC have settled on how penalties will work for filing or paying late when it comes to submitting your VAT return online under the new Making Tax Digital scheme. The scheme comes into effect on the 1st of April 2019.

image of a woman marking a date in a calendar

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Customer outside of Australia? Here’s how to send them an invoice

Written by Kate Kate , 15 February 2019 in Australia

Invoicing a customer abroad is much like invoicing in Australia, but there’s a couple of additional things you’ll need to consider. Here’s what you need to know about creating invoices for exports.

It's easy to send invoices to customers anywhere in the world with Debitoor invoicing software

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