I'm confused on what to do or implications from hmrc..
This is one of the many questions we hear from clients who have just started in business.
In fairness, I didn't realise that I had to join the scheme.
The question is can I back date to join being that was always my intention from the offset.
Our Fees vary depending on the complexity of your finances and start from as low as £50.
For a comparatively small additional fee each year, discuss current and future investments/transactions with us and find out about ways to reduce your tax liability.
I am worried that I am going to have to pay back lots of VAT, as I had always calculated based on the flat rate amount.
My accountant said that he had applied for the flat rate scheme, note that he was also the company secretary at the time. My new accountant has discovered that the company has not been registered for the flat rate scheme.
If there is a way to save you money, they will find it!
Corporate taxation is quite a diverse subject and is not only about completing end-of-year returns.
That is why we give all our new clients a FREE taxation health check by looking at how each individual business is set up.