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Key considerations for a VAT inspection
Preparing for a VAT inspection? Price Bailey's article written by Greg Mayne offers some useful reminders and key considerations.
Considering running a business in the UK?
All UK-based businesses need to comply with a range of regulations regarding taxation, accounting requirements, payments to staff, and employee pension contributions. Identifying and installing effective business systems, establishing the right banking arrangements, and implementing the most appropriate growth plans for your business in the UK market are also major considerations.
From registering with HMRC and Companies House, filing company accounts and Corporation Tax returns, and maintaining your company’s Statutory Register, to recognising employment law and health and safety requirements, and understanding business insurance and data protection obligations. These are all steps you need take or understand when operating from the UK.
Whether you are setting up a new business in the UK or are expanding your existing one, it’s important you identify and install the most effective systems for your business size, sector, and structure.
As well as the essential annual accounts and tax returns you need to make informed business decisions and satisfy company filing obligations. You should also identify the best banking partners to work with your business, and ensure you have the right funding and operating facilities in place.
At Price Bailey we can provide up-to-date, accurate management accounts, a full VAT accounting service, and the option of taking your business to the next level with a complete, bespoke cloud accounting
With a wealth of expertise and extensive experience, our team can offer advice and support on all of these issues.
Contact us today to find out more about how we can help you
Preparing for a VAT inspection? Price Bailey's article written by Greg Mayne offers some useful reminders and key considerations.
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