Although Direct Peak are not a firm of chartered accountants, we like to make sure that all of our clients are covered for their statutory needs. We cover VAT Returns in house, however we work with trusted partners on the Tax Returns and Statutory Accounts.
PAYE and VAT Registration
If you need to get your business registered for PAYE or VAT in the UK, we can help get these in place for you with HMRC.
If you are a UK business turning over more than £85,000 per year, you have to be VAT registered by law. This means you have to add VAT to all of your sales, but you can also reclaim VAT paid on valid purchases. As part of our bookkeeping service we will make sure that all the correct VAT rates are applied and reconciled before submitting your VAT return. We also give advice on the following:
- Which VAT Scheme you should be on, there are many to choose from:
- Cash Scheme
- Accrual Scheme
- Flat Rate Scheme
- Annual Accounting Scheme
- What Frequency your VAT returns should be:
- Re-claiming import VAT if you import goods
- Zero Rating VAT for sales exported
Tax Returns, Corporation Tax Returns and Statutory Accounts
Direct Peak are experts in bookkeeping, payroll and management accounts. Because we want our clients to receive the best advice, we work with trusted partners who are experts in tax returns, corporation tax returns and statutory accounts. That way all our clients get the benefit of working with experts in each sector of their accountancy needs,