Factsheets.
A library of concise summaries of information. Pick a category below or search for a specific topic — and please contact us if we can provide further help and guidance.
All factsheets
VAT - Making Tax Digital
Making Tax Digital for VAT (MTDfV) fundamentally changes the way in which businesses keep VAT records and submit VAT returns. At Finance Wise Accounting Ltd, we can provide guidance on the key aspects of MTDfV and the implications for your business in the London area.
VAT - a summary
We highlight the key VAT areas you need to consider when running your business. If you are starting or have recently started a business in the London area we, at Finance Wise Accounting Ltd, can help you comply with the VAT regulations.
VAT - annual accounting scheme
The annual accounting scheme helps small businesses by allowing them to submit only one VAT return annually rather than the normal four. The scheme is intended to help with budgeting and cash flow and reduce paperwork. If you are starting or have recently started a business in th
VAT - bad debt relief
VAT Bad debt relief allows businesses that have made supplies on which they have accounted for and paid VAT but for which they have not received payment to claim a refund of the VAT. We explain the situations where the relief applies. If your business is in the London area we, at
VAT - cash accounting
We summarise the workings of cash accounting for VAT. If you are starting or have recently started a business in the London area we, at Finance Wise Accounting Ltd, can advise you on the cash accounting scheme.
VAT - flat rate scheme
We explain how the VAT Flat Rate Scheme operates. The VAT flat rate scheme for small businesses reduces the administrative burden of operating VAT. If you are starting or have recently started a business in the London area we, at Finance Wise Accounting Ltd, can advise as to whet
VAT - seven key points for the smaller business
Seven key VAT areas to consider for the smaller business. If you are starting or have recently started a business in the London area we, at Finance Wise Accounting Ltd, can help you comply with the VAT regulations.