Cloud Accounting
Cloud Accounting and Bookkeeping Overview There is now the opportunity to have you cloud accounting software which means you no longer need to have this installed on your desktop you can access this via an internet connection from anywhere. This will avoid the upgrades like with Sage as you will always have the latest version…
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VAT an Overview
Value Added Tax (VAT) VAT is a tax on sales and has nothing to do with profit. The current registration limit is £85,000 so once your sales reach £83,000 the last 12 months you must register for VAT immediately. This can be done by downloading the form from HM Revenue & Customs website or completing…
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VAT Surcharges
When a business is VAT registered it will have to submit VAT return normally once a quarter and pay over the VAT that is owed by the end of the following month, there is a little longer to pay this over if you pay by direct debit. Surcharges Should you not submit you VAT return…
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Value Added tax Surcharges
Value Added Tax (VAT) Surcharges When a business is VAT registered it will have to submit VAT return normally once a quarter and pay over the VAT that is owed by the end of the following month, there is a little longer to pay this over if you pay by direct debit. Surcharges Should you…
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