Accountants In Horsham – VAT Registration For Small Businesses
Accountants in Horsham are widely available to help with a broad assortment of issues, and one area they can assist with is VAT registration for small businesses. You will need to become VAT registered with HMRC if you pass the annual £81,000 turnover mark. Read on to discover the steps you need to follow.
The first thing you need to do is choose the correct VAT scheme for your business. This is something that experienced accountants Sussex wide will be able to assist with. You may find that it is more profitable to register for the VAT Flat Rate Scheme if your yearly turnover is less than £150,000. Nevertheless, all businesses are different, which is why expert advice is of paramount importance. So, make sure you take the time to choose a tax return accountant with care. Assess their experience, accreditation and reputation before proceeding. Once you have done this, your accountant can ensure that all of the necessary paperwork is completed and submitted to HMRC. From this point forward, your accountant will help you to keep track of your VAT transactions by ensuring you have an efficient accounts system in place so that all VAT expenses and invoices are recorded easily and quickly. Last but not least, your accountant will ensure that your VAT returns are prepared for each period, which tends to be once every three months, although this does depend on the VAT scheme you have chosen.
AMG Financial Chartered Tax Advisers & Accountants is the company you need when you are looking for accountants in Horsham to assist with VAT registration. We provide expert, bespoke tax advice for businesses of all sizes across numerous industries. To get started, all you need to do is head to http://amgfinancial.co.uk, or you can give us a call on 01243 681097.