We don’t just crunch the numbers though; we take a 5-step approach to preparing your VAT return, we:
 

1. Create a recurring quarterly job in our job management system so we never miss a deadline and begin work on the VAT return the day after the quarter-end.

2. Carry out an audit of transactions for the period - checking that purchase VAT has been claimed where it should have been and conversely that it hasn't been claimed where it shouldn't. With a plethora of VAT rates (standard, reduced, zero, exempt and outside the scope of) that’s an essential check.

3. Ensure that you are on the best scheme to maximise your cash flow – cash, accruals, flat rate, retail, second-hand traders etc. Also, we monitor your turnover vs. the threshold at which you may have to move schemes.

4. Send you notification of the amount due within 3 weeks of the quarter end, giving you 2 weeks notice of the amount to be paid, with instructions on how to pay it.

5. File the VAT return on time, every time.