Valuing Your VAT Annual Accounting Scheme
HMRC have introduced a number of VAT schemes over the years designed to reduce the administrative burden on small businesses. One such scheme is the annual accounting scheme.
We pride ourselves on our honesty, reliability and dedication to our clients’ needs.
Whether you are starting a new venture, or looking to grow your business, our team are here to help.
Based in the Centre of Windsor, overlooking Windsor Castle, our clients are based in Berkshire, Surrey and across the Thames Valley.
We pride ourselves on our honesty, reliability and dedication to our clients’ needs.
Whether you are starting a new venture, or looking to grow your business, our team are here to help.
Based in the Centre of Windsor, overlooking Windsor Castle, our clients are based in Berkshire, Surrey and across the Thames Valley.
We pride ourselves on a personal, approachable and professional approach.
Our services include:
We can tailor our service approach to suit your particular requirements. This may necessitate using just one or two of the detailed services, or indeed all of them.
Please contact us to arrange a free initial consultation to see how we can help your business grow.
We pride ourselves on a personal, approachable and professional approach.
Our services include:
We can tailor our service approach to suit your particular requirements. This may necessitate using just one or two of the detailed services, or indeed all of them.
Please contact us to arrange a free initial consultation to see how we can help your business grow.
HMRC have introduced a number of VAT schemes over the years designed to reduce the administrative burden on small businesses. One such scheme is the annual accounting scheme.
There are many reasons why you may need to calculate the value of your business. Here we consider the range of methods available as well as some of the factors to consider during the process. It is important to remember throughout that valuing a business is something of an art, albeit an art backed by science!
Limited companies enjoy a large number of deductions from your taxable turnover. You can deduct the costs of running your business (including salaries) from your tax bill. Mileage, training, and accommodation also count. However, expenses must fall into the category of being “wholly and exclusively for business purposes.” So, if you use your weekend training trip as a family weekend away, you need to sort your expenses carefully.
HMRC have introduced a number of VAT schemes over the years designed to reduce the administrative burden on small businesses. One such scheme is the annual accounting scheme.
There are many reasons why you may need to calculate the value of your business. Here we consider the range of methods available as well as some of the factors to consider during the process. It is important to remember throughout that valuing a business is something of an art, albeit an art backed by science!
Limited companies enjoy a large number of deductions from your taxable turnover. You can deduct the costs of running your business (including salaries) from your tax bill. Mileage, training, and accommodation also count. However, expenses must fall into the category of being “wholly and exclusively for business purposes.” So, if you use your weekend training trip as a family weekend away, you need to sort your expenses carefully.
Vanessa and the team came highly recommended to me, so I had high hopes. Speaking to her, I understood straight away why. Vanessa obviously knows her stuff, and is an excellent accountant, but she is also approachable, relatable and immediately understood me and my business. I am not a 'numbers' person, but I felt at ease talking to her. She offered practical suggestions for setting up my new business, and recommended software that would mean that I always knew where I was with money coming in and out, which is crucial to any company. I know that Vanessa and her team are also part of my team, and that gives me enormous peace of mind.
Vanessa and her team are professional, always on hand to answers questions and do a super job at turning round figures and accounts when time is of the essence. I feel safe in the knowledge that everything is taken care of with the utmost efficiency and care. Working with Vanessa means I can spend more time on my core business rather than worrying about accounts!
I have worked with Vanessa and the team at Three Kings for a number of years now, and the service we have had has been faultless. Always making sure we hit the HMRC deadlines and whenever we have needed advice to aid our decision making, we trust Vanessa completely. I am not sure what we do without Vanessa and her team nowadays.
The team at Three Kings have been incredibly helpful, especially during the recent COVID crisis which has been testing for us all. They are so easy to communicate with and so approachable but always retaining a professional attitude. Without doubt, the accountancy need within our business can be stressful , and Three Kings help take the worry away. Highly recommended.
Vanessa and the team came highly recommended to me, so I had high hopes. Speaking to her, I understood straight away why. Vanessa obviously knows her stuff, and is an excellent accountant, but she is also approachable, relatable and immediately understood me and my business. I am not a 'numbers' person, but I felt at ease talking to her. She offered practical suggestions for setting up my new business, and recommended software that would mean that I always knew where I was with money coming in and out, which is crucial to any company. I know that Vanessa and her team are also part of my team, and that gives me enormous peace of mind.
Vanessa and her team are professional, always on hand to answers questions and do a super job at turning round figures and accounts when time is of the essence. I feel safe in the knowledge that everything is taken care of with the utmost efficiency and care. Working with Vanessa means I can spend more time on my core business rather than worrying about accounts!
I have worked with Vanessa and the team at Three Kings for a number of years now, and the service we have had has been faultless. Always making sure we hit the HMRC deadlines and whenever we have needed advice to aid our decision making, we trust Vanessa completely. I am not sure what we do without Vanessa and her team nowadays.
The team at Three Kings have been incredibly helpful, especially during the recent COVID crisis which has been testing for us all. They are so easy to communicate with and so approachable but always retaining a professional attitude. Without doubt, the accountancy need within our business can be stressful , and Three Kings help take the worry away. Highly recommended.