One of the more complex aspects involved in managing your business is the need to stay on top of VAT and deal with the different options that are available. The expert VAT returns services we offer clients in London take the hassle out of this process, ensuring you have access to all the advice and assistance you require. Depending on your business, you will need to decide whether or not to register for VAT and, if so, which scheme to opt for from the various options; we’re here to help with this and so much more.
What is a VAT return?
Your business will be required to carry out VAT returns if its turnover surpasses a certain amount, as defined by the UK government. If you have surpassed this amount or believe you are likely to do so soon, it may be best for you to become a VAT-registered business voluntarily. You will need to choose which scheme suits your business best, so that you are registered for VAT in a way that benefits your finances. There are three main options that most businesses choose between:
VAT is accounted for when a transaction occurs, rather than when a payment is made or received. This provides you with a clear picture of your finances and allows you to plan using current cashflow and expenses.
VAT is accounted for when a payment is made or received. This is best suited to businesses that need to wait on payments as VAT will only be paid at that point.
Flat rate scheme
A percentage of your turnover is paid as VAT, depending on the type of business you run. If you are a small business with an annual turnover of £150,000 or less, this prevents you from needing to record every transaction.
How can we help with VAT return services in London?
- Choosing a VAT scheme
Whether you are a new business or have been operating for a while, we can help guide you in choosing the scheme that suits you best if you need to register for VAT. This can help when submitting your VAT returns, as it will minimise your costs and prevent any unexpected outgoings.
- Completing returns
Depending on how much help you need when it comes to the complex process of VAT and tax returns, we can provide you with any level of support you require. We can even complete and submit your returns for you to take the stress off your shoulders.
The years of expertise of VAT accounting in our team means we can provide you with the very best advice. This can ensure that when you pay VAT, you are not paying any more than you should and you can take advantage of any exemptions or breaks. Switching schemes may even help to reduce outgoings.
- Monitoring thresholds
If you are on a certain VAT scheme suited to your business, there may come a point where your turnover begins to increase and you are no longer suitable or eligible for your current scheme. As part of the services we provide, we will monitor how close you are to tax thresholds and advise a change of scheme if necessary.
See how our VAT return services in London can help you
If you’d like to learn more about our VAT return services and how we can meet your requirements, please call 020 8850 0700 or email email@example.com. Alternatively, fill in our contact form to arrange a free consultation and discover how we can apply our expertise to your business.
Fixed fee VAT return services for London clients
When providing you with our expertise on VAT, we make a promise to always agree our fees with you in advance. This is part of our commitment to building a strong relationship with our clients, allowing you to budget for the future of your business and ensuring you will not encounter any hidden costs from us.
Why choose Omer & Company for VAT return services in London?
Our team will use all their experience to manage and submit your VAT returns on time and ensure that you select the VAT scheme that is most suited for your business. We aim to provide you with the best possible knowledge and advice so that you will not be stressing over VAT and can concentrate on running your business.
Everything we do for you is to ensure your business’s needs are met. No matter how much guidance or assistance you need when it comes to VAT registration or returns, we will adjust to your requirements – even if you need us to completely take care of VAT on your behalf.
We will always make ourselves easy to contact and will address any concerns you may have when it comes to your VAT returns. Our team keeps in regular dialogue with you, so that you get the most out of our services and we can support your business effectively.
Part of our service means being available to you however you need us. Whether we’re advising you on VAT or managing and submitting VAT returns to take the pressure off, we tailor our services to suit you. We are available to meet with you face-to-face, over the phone, or via video call to discuss VAT and tax returns further.
Omer & Company
If you currently have tax accountants that deal with your VAT returns but you are unhappy with the service they are providing, there is an easy way to get up and running with us. The straightforward switch over service means that there is no hassle involved in the process.