Specialist VAT Accountants
VAT can be a minefield.
Do you need to be VAT registered? Which of the various VAT schemes is right for your business? What products and services or types of organisation are exempt or partially exempt from VAT? How do you set up accounting systems to deal with VAT and the demands of the tax authorities? What about your dealings with overseas businesses?
These are just some of the issues around VAT that you may need to get to grips with. You’ll also need to know when the deadlines are for submitting your VAT returns and making payments and how to handle a potential VAT inspection.
We will take care of all these headaches – and more – for you.
Firstly, we’ll determine whether you need to be VAT registered at all and if so, process your registration.
If you’re already registered, we’ll assess your existing processes and ensure they’re fully compliant.
We’ll also deal with any special circumstances relating to your organisation. If you run a charity, for example, some of your purchases will be exempt from VAT. If you sell goods online across the world, there are processes you’ll need in place to ensure you’re paying the correct VAT.
Then, we’ll use our software to ensure your VAT returns are prepared correctly and on time. As part of our accounting service, we can also help you ensure you have the necessary cash flow to make your VAT payments.
Should you run into any difficulties in paying your VAT, we can negotiate with HMRC on your behalf.