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VAT
VAT
is an ever changing tax and is not getting any easier, despite its
introduction as "a simple tax". It
is important that all businesses adhere to the VAT regulations to
avoid VAT assessments, interest and penalties and the costs
associated with any disagreements with Customs. It is also
important that VAT Returns
become a routine accounting function so that the business can get
on with its core activities to make money.
VAT
should be considered in all new start up situations, in the sale
of all or part of a business, corporate finance transactions, and
in fact any major transactions. Problems often occur because VAT
was not considered especially in relation to property
transactions, international supplies of goods and services, and
partial exemption where the implications are often not considered
before implementation.
There
are few businesses that are not affected by VAT in any way and our
aim is to ensure that VAT is only paid where it should and that it
is paid at the right time. VAT recovery is equally important
to ensure that the maximum available is recovered and at the
earliest possible time.
Payroll
Services
The
burdens on small and medium enterprises (SMEs) have increased over
the years, and compliance with numerous PAYE regulations adds to
these. Businesses, unless they are geared to dealing with changing
legislation, face new penalties. Employers may save time by
computerising the payroll function, but this still means that
within the organisation someone must be familiar not only with the
inevitable changes to legislation, but also with the operation of
the payroll program.
Save
time
The payroll function is one that can be easily separated from your
other accounting activities and it can be operated for you by a
specialist bureau quickly and efficiently. We can deal with any
pay-related queries you may have, and are happy to liase with the
DSS and Inland Revenue on your behalf. You can save valuable time
by passing your payroll work to the experts, enabling you and your
staff to concentrate on other crucial aspects of running your
business.
Ease
of use
We accept payroll
information typed, handwritten, by fax, post or instructions by
telephone. Completed payroll data can be sent by fax or post, and
detailed monthly printouts are provided, and full end of year
returns such as P35 and P60.
Money
must be used effectively to provide an income for the future, so
expert advice on the long and short term effect of current
legislation can be invaluable. Camfield Chapman Lowe can
help make a sound business investment decision for their clients
because they are not affiliated to a particular financial
institution. The partnership is able to assist a client in making
sound and appropriate investment decisions or investing in the
Stock Market. |