Although appearing like a simple tax, VAT has many opportunities and pitfalls for the unprepared business.

As well as preparing and submitting your VAT return we are able to provide advice and guidance on the following aspects of VAT:

		Registration and deregistration thresholds
		Advice and financial implications of joining a flat rate VAT scheme
		Advice on using the cash or accruals basis for your returns
		Advice on joining the annual accounting scheme
		VAT compliance checks & assistance with VAT inspections

VAT planning is an important part of business and with increasing penalties for failing to register or submitting incorrect VAT returns, failing to consider VAT implications can be costly.

For some businesses there is also the chance to increase profits by joining the flat rate scheme why not contact us to find out if you fall in to this category.