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3D Vat Taxes Crossword

VAT returns

You must register for VAT when your turnover for the previous 12 months has gone over a specific limit – called the ‘VAT threshold’. This is currently, fixed at £85,000, from 01st January 2021. You must register for VAT if your revenue has reached this threshold or if you believe your turnover will soon go […]

Stacks of coins with the letters VAT isolated on white background

Try an alternative VAT scheme

VAT accounting schemes can help simplify your VAT accounting and smooth your cashflow. So you ask……….how? Flat rate scheme. “The flat-rate scheme is available for businesses with a turnover up to £150,000 and can really simplify VAT accounting for businesses. It does away with most of the process of preparing a VAT return each quarter. […]

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Bookkeepers vs Accountants

You should not confuse the services of a bookkeeper with the services you receive from your accountant, although both are equally important each offers a specific set of skills. Your accountant is concerned with compliance and tax planning and reporting your end of year accounts and tax calculations to HM Revenue & Customs and Companies […]