There are a number of ways to account for VAT. While standard VAT accounting is used by many firms, small business owners may wish to consider the alternative schemes that are available. Choosing the most suitable option could save you a considerable amount of time and money. Annual accounting scheme Under the annual accounting scheme, … Continue reading Choosing the Right VAT Scheme for Your Business
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Businesses often wish vat was paid monthly instead of quarterly. You want to know it’s paid, so you can forget about ensuring to save enough to pay the vat when it’s submitted. This scheme might be the answer for you! With the annual accounting scheme you have the following benefits:- You complete just ONE vat … Continue reading Using the annual accounting scheme for vat to manage your cashflow