Value Added Tax (VAT) can seem daunting, but once you get the hang of the process it becomes much more manageable. Whether youβre a seasoned business owner or a newbie to the world of commerce, understanding how to make a VAT submission is really important. Let’s take a look at how you can handle VAT…
Freelancing is on the rise, whether that’s instead of regular employment, or as well as. Alongside the ability to drum up business, bookkeeping is an essential key skill for any freelancer. Accurately recording and monitoring business accounts goes a long way towards reducing stress when that Self Assessment tax return rocks round. So, what with…
Why has the government introduced Making Tax Digital for VAT? HMRC have issued VAT notice 700 / 22 (Making Tax Digital for VAT) so that accountants and businesses will be able to efficiently file and preserve records digitally going forward. The modernised process, will comply with the legal requirement of submitting VAT records using software,…