Value Added Tax (VAT) is a tax collected from customers on goods and services which is then paid to HM Revenue and Customs (HMRC). From the point of the buyer it is a tax payable on goods purchased and from the sellers perspective it is a charge for production of goods or services – the seller must be registered for VAT in order to charge VAT. If your company or organisation is registered and must be registered if turnover exceeds certain limits. To charge VAT you will need an accountant for VAT advice and to take care of your VAT returns. Your local AIMS Accountant can advise on all aspects of VAT.
As with all taxes there are deadlines for submission of your VAT returns and payment of outstanding tax - miss these and you could be liable for a penalty from HMRC. VAT may seem like a minefield to any small business owner but to an AIMS accountant VAT is familiar territory.
Your AIMS accountant will make sure that your VAT returns are filed and tax paid on time – that’s the hard part taken care of. Our accountants can take a close look at your business and can advise and assist with all of your accounting and tax requirements. This leaves you with piece of mind to run and develop your business and with an AIMS accountant VAT worries become history.
We do what you expect an accountant to do and we do it well
Tax, Accounting and Bookkeeping are time consuming and there are so many rules and regulations even we accountants despair at times. But as a business owner you can’t get away from these and they are simply tasks that need to be done and done well. The upside is you can hire a qualified accountant to do these for you, leaving you to concentrate on running and developing your business.
That's where we come in. AIMS accountants have the knowledge and expertise in all areas of accounting and are more than happy to take on the bean counting and number crunching for you. We will provide you with robust and cost-effective accounting advice and tax advice which includes:
- Tax and tax planning including Corporation Tax, Capital Gains Tax, Income Tax, Inheritance Tax, R&D Tax Credits, Self-Assessment Tax and VAT
- Accounting and Bookkeeping
- Regulation and Compliance
- Tax and Business Advice and Accounts Support
Ultimately we will take care of everything, allowing you to focus on running and developing your business – saving you time and money.