Do you find yourself switching off when your Accountant starts talking about balance sheets, drawings and working capital?
Avanti Accountants aim to speak with our clients in plain English, ensuring that when it comes to your accounts you’re switched on.
This week we are asking, what is FRS?
FRS is the flat rate scheme of VAT.
To join the scheme your VAT turnover must be £150,000 or less (excluding VAT), and you must apply to HMRC.