If you are VAT registered we will efficiently calculate your VAT and submit your quarterly VAT returns on time………every time. You’ll be able to rest in peace knowing that you aren’t going to miss the deadline for submission.
Businesses may be subject to VAT inspection by HMRC. The process is usually much easier if you have outsourced your bookkeeping and accounting to us. Our professional status and independence of your business gives confidence that your affairs have been properly managed.
The same also applies if there are matters that need to be discussed with HMRC. It is usually easier for us to deal with matters on a client’s behalf.
Being confronted with the various financial and legal aspects of a business start up can be extremely daunting and this is where we come in.
Our expert business start-up and small business accountants are here to explain every step of the process and guide you through the various stages.
You have to register and account for VAT if your sales are about to go above the VAT threshold. VAT is a complex tax and the penalty regime is extremely harsh.
In many cases it requires specialist knowledge especially in areas such as property development and importing and exporting goods and services
Additionally you have to keep adequate accounting records sufficient for HMRC.
We are experts in all tax matters including VAT
We can monitor your business and advise you when you need to register and prepare and file you VAT returns on your behalf. We will also insure that you are fully compliant with the legislation and will also advise you on the most appropriate scheme to use, such as:
- Cash accounting scheme
- Flat rate scheme
- Margin scheme
- Annual accounting