Our Services
VAT Services
VAT can be complicated, but with professional cloud-based accounting software we can make it easy for you. If you keep your records up to date, there is nothing to fear from VAT.
If you look after your bookkeeping during the quarter, your VAT return essentially completes itself. Better still, when set up correctly you just push a button to complete the submission.
We can advise on the use of cloud-based accounting software, such as Xero (we are a Xero Gold Champion Partner) and QuickBooks (we are a QuickBooks Pro Advisor) so that your VAT returns are accurate first time. Still on Sage 50? We support Sage 50 VAT returns too.
Regular use of your software can also help you to keep on top of your ongoing VAT liability, eliminating any nasty surprises at the end of the quarter.
VAT Registration
If you have never VAT registered before you will need to do so if your turnover in the preceding 12 months passes £90,000. Some businesses may find they are better to be registered for VAT from day one.
We can help Hampshire businesses register for VAT and get set up using professional bookkeeping software so you start off on the right track.
VAT & Making Tax Digital
Making Tax Digital applies to all VAT registered businesses, whatever their turnover, not just those above the VAT threshold. Every VAT registered business must keep digital records and file VAT returns using compatible software.
Using cloud accounting software makes the transition easy and will continue to reap benefits as Making Tax Digital rolls out across other HMRC tax systems.
VAT Schemes
There are several VAT schemes that may suit some businesses more than others. We can help explore any of the following:
Zero Rates & VAT Exemptions
VAT for many businesses is very straightforward, but some have complicated exemptions and waivers that must be complied with. Certain sectors, for example fast food and construction, have many layers of exclusions that can apply in specific circumstances. We will help explore those nuances so that both you and your clients are paying the correct amount of VAT.