VAT: Help, Advice and Management
Any business with an annual rolling turnover of over £81,000 in the UK is required to charge VAT on their eligible sales. Making sure your business is responding to the obligations for VAT can include:
- Registering for VAT
- Selecting the correct VAT scheme for your business
- Setting up and running VAT systems within accounting software (like Sage or Quickbooks)
- Preparing and submitting VAT returns
Kennedy Legg has a team of experienced accountants and book-keepers who can provide any or all of these services. We can also help sort out any taxation muddles that may have arisen in your business, and advise on the best systems to use to manage your VAT liability.
We can also advise on the VAT position of exports and exempt products and services. VAT is a complex area. Call one of our experts now on 01305 264573 to check your VAT accounting is set up correctly, or to discuss how to register and run VAT for your business.
Our website is being improved and will shortly include a facility for file sharing and secure messaging between Client and Accountant....
HMRC’s Making Tax Digital (MTD) initiative is set to transform the way that accountants work with their clients. Starting from 2018, this new digital tax system will revolutionise the tax return as we know it for both individual and business. The main aim is to make tax administration more effective, efficient and easier for taxpayers through the implementation of a fully digitalised tax system. The changes will apply to a wide range of taxpayers, including most businesses, self-employed professionals and landlords....