VAT returns don’t need to be a chore
Bookkeeping and VAT returns tend to be the key areas that small business owners highlight as a major distraction in terms of both running and growing their business. Many of our clients had battled on for years preparing their own VAT returns, before coming to us.
Our Business Consultants will be able to talk you through how we can help. When preparing your quote, we specifically ring-fence less technical work to be carried out by our Junior Accountants. Our Junior Accountants are all part-qualified with several years of accounting experience and are supervised at all times by one of our Senior Accountants. This enables us to offer a cost effective method of relieving you of valueless VAT returns admin and freeing up your time to generate value within your business.
Incorporating the VAT returns process into your accounts production process means that the accounts team is able to provide you with quarterly management accounts and timely progress updates against your annual forecast. It also means that the bulk of the work on the statutory accounts is completed within the financial year, meaning that filing can take place quickly and efficiently and as soon as the final quarter’s VAT return is submitted.
We can help you assess whether or not you need to register for VAT, and if so, which scheme would suit you best. We’ve also prepared a 60 second VAT quiz to make this process a bit more fun.