Why business needs to file their vat returns properly
Filing your VAT returns properly is crucial. VAT is a tax on transactions that can significantly impact your business's day-to-day operations. Therefore, all companies must comply with constantly changing VAT regulations to ensure optimal cash flow and profitability.
Many businesses find VAT returns a hassle. Fiscal Knights can help you navigate the complicated world of VAT legislation. However, non-compliance with VAT legislation can result in severe financial penalties. If you are involved in a VAT investigation, we can support you with our qualified VAT specialists who will help you resolve any issues or minimize penalties.
how to Let us handle VAT returns
Send Us Documents
We will need to see your bank statements and access the Bookkeeping records. Online VAT services are available, and you don't need to visit us in person.
If you don't have your books printed or you don't have them online, we can still send you hard copies of your books and all your invoices.
You can send us your VAT information on a monthly, quarterly, or annual basis depending upon the frequency you need it.
You can also have one of our qualified accountants come to you and do your VAT accounting.
Welcome To Discuss Your Questions
We will discuss your business and help you choose the correct VAT scheme.
We can help you with proper documentation, purchase, and sale invoicing, and compliance with VAT accounting regulations. We can help you set up better business practices to meet legal accounting and bookkeeping requirements.
Your VAT Liability IS Calculated
We will calculate your VAT liability accurately and then discuss it with you.
We will keep you informed throughout the entire process, and we will take your concerns and inputs seriously.
We can help you find alternative strategies to comply with UK law if there are missing invoices.
We Submit Your VAT
After VAT has been calculated, approved by you, and submitted to HMRC, we will officially submit your VAT returns.