Cash flow a problem? Accounting for VAT a headache?
If your VAT payment date is an awkward time, for instance; you receive rental income quarterly but your tenant regularly pays late and you suffer because you have to pay the VAT to HMRC before you receive it, you should consider changing your normal VAT return periods to better suit your cash flow. It’s as simple as one form, contact me for more information.
There are also a number of other VAT schemes that may benefit you. Click here for more details. Some take the burden out of preparing a VAT return but most importantly, if you run a small business, you could move away from invoice (standard) accounting so long as certain criteria are met, you could benefit from a short term cash inflow by moving to a scheme such as Cash Accounting or the Flat Rate Scheme.
If you would like to know more, contact me for more information.