All businesses regardless of their size need to accurately record their accounting transactions during the course of the year to ensure that they comply with tax legislation. It is critical your accounting records are kept up-to-date and that VAT Returns, if applicable, are prepared and submitted on time, quarterly or monthly to avoid automatic penalties for late filing. It also helps you deal with any queries if a VAT inspection takes place.
VAT inspections can be stressful and time consuming so having Blue Sky staff prepare your VAT Returns can reduce the risk of a VAT inspection. If there is an inspection we can assist you to ensure that an inspection is completed as quickly as possible and with minimal disruption to you.