VAT RETURNS TO GO ONLINE IN 2010
From April 2010, the electronic submission of VAT Returns will be compulsory for businesses with an annual Turnover greater than £100,000 and for new VAT registrations. From April 2012, this will be extended to all VAT registrations.
Is it worthwhile considering switching now?
The benefits include:-
- Delays caused by postal strikes and unnecessary default surcharge disagreements with.
- Revenue can be avoided.
- Submissions of VAT Returns to Revenue are instantaneous and secure.
- Providing the Return is not a repayment or nil Return there is up to seven extra days to submit your VAT Return.
- There is up to seven extra days to pay any VAT due to Revenue, where payment is made by Direct Debit this is extended by a further three working days.
- You receive an electronic acknowledgement from Revenue immediately.
For consideration:-
- Any VAT payments due to Revenue in respect of VAT Returns that are filed electronically, must be paid electronically (i.e. through the internet, telephone banking, BACS, direct credit, CHAPS, or Direct Debit).
- You should check out any charges that may be levied by your banks.
- Cleared funds must reach Revenue’s bank account by the extended due date.
If you are interested in registering for online submission of your VAT Returns and would like any further information, please contact us on 0117 9247804.
BUSINESS PLANS
In these worrying times of recession, many people are finding themselves out-of-work and unable to find suitable replacement employment.
Many of us dream of being our own boss and have numerous ideas about what we want to try as a new career. More and more unemployed people are looking towards setting up their own businesses as an alternative to joining the thousands out of work and on benefits or competing with large numbers of applicants for every job that becomes available.
There are start-up schemes available to help you fund your venture and most of these require you to produce a Business Plan to put forward with your application for funding. There may be help available under these schemes towards the cost of having a professional Business Plan prepared.
This is where we can help. We can produce a Business Plan for you, at a very competitive rate, and can also advise you on starting up a new venture. Talking your ideas through with an independent adviser may help to highlight any pitfalls and also give you additional points to think about. You can discuss the pros and cons of being self-employed either as a Sole Trader or by setting up a Limited Company and we can help keep you on track and develop the business gradually to ensure that it continues to grow.
If you are interested in discussing your ideas and obtaining professional help then please contact us on 0117 9247804 to book a free initial consultation with us to hopefully turn your dream into a profitable reality.
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Our Philosophy
...individuals set up or run businesses in order to utilise a particular core skill or interest, but if they are to survive and prosper they also need to acquire the skills of financial, administration, human resource and marketing management.
SBMC provide as much or as little of these additional skills that a Client wants. We are in effect your Management!
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accountancy
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business management
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personnel management
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outsourcing
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