Accountants in Gillingham

VAT Returns Made Simple

If your company surpasses the VAT threshold, currently set at £85,000, VAT registration becomes mandatory. At Keswick Accountancy, we handle the entire process for you. We not only register your company with HMRC but also take charge of the preparation and submission of your quarterly VAT returns on an ongoing basis. This ensures you’re always in the know about your VAT liabilities, and you can trust that the VAT-man is content.

Our approach to filing VAT returns is thorough and meticulous:

Setting Up Reminders: We create recurring quarterly tasks in our job management system, eliminating the risk of missing deadlines and enabling us to start working on your VAT return immediately after the quarter ends.

Transaction Checks: We review all transactions for the period, ensuring correct purchase VAT claims and preventing improper claims.

Cashflow Optimisation: We evaluate your VAT scheme to maximise cash flow, whether it’s Cash or Accruals. We also monitor the threshold that obliges you to switch to accruals, managing this process on your behalf.

Timely Notifications: As soon as the VAT return is complete, usually within 10 days of receiving the necessary information, we promptly notify you of the amount due.

Punctual Submission: We file your VAT return on time, every time, ensuring compliance with HMRC regulations.

HMRC Liaison: In the event of queries, enquiries, or investigations from HMRC, we handle all communications, allowing you to focus on your core business activities without the hassle of tax matters.

With Keswick Accountancy, VAT returns become a seamless, worry-free part of your business operations.

Accounts Preparation

Accounts need to be prepared for a number of reasons, to fulfil both internal management requirements and satisfy external bodies, such as HMRC. From Limited Companies to LLPs and Sole Traders, our accounting services cover all aspects of accounts preparation, including corporation and personal tax returns, VAT returns and more.

It goes without saying that your accounts need to be accurate and prepared in accordance with relevant laws and accounting standards, but we also pledge to do this in the most efficient way with minimum time required on your part. We’ll also identify any opportunities or issues we find along the way and raise these with you at the earliest opportunity, to ensure you can capitalise on them or work to resolve them.

If you run a Limited Company, you are required to prepare statutory accounts and submit these to Companies House annually. You are also required to file a Corporation Tax Return annually with HMRC. We’ll take care of everything that HMRC requires and inform you of the corporation tax payment required in plenty of time.