VAT & Bookkeeping
Sheen Stickland offer a full range of bookkeeping services that also include managing VAT.
Our Accreditation & Partners
Bookkeeping
Our bookkeping services work with you to ensure your records are up to date and that you stay compliant with HMRC and Companies House requirements.
We work with a number of software solutions including Xero, Quickbooks, Freeagent and more. Our tailored support works at all levels, whether you require the full bookeeping package or just ad hoc help to correctly enter your own transactions and reconcile your bank accounts.
VAT
Whether you use our bookeeping service or enter your own transactions, we are here to help ensure your VAT returns are accurate and submitted on time.
VAT errors can be costly so its important to get this aspect of your business right first time. We will work with you on a monthly or quarterly basis to accurately capture your records, reconcile your bank accounts and send your VAT return for approval. Once approved we can take care of the filing with HMRC.
Our VAT experts are also experienced with:
VAT registration thresholds
We can advise when and how to register for VAT, helping you stay compliant with HMRC thresholds and avoid unnecessary penalties. Our team ensures registration happens at the right time for your business.
Partial exemption
If your business makes both taxable and exempt supplies, we’ll help you apply the correct partial exemption methods. This ensures you recover as much input VAT as possible while remaining compliant.
Option to tax and property VAT
VAT on property can be complex. We guide you through the Option to Tax process, ensuring transactions, leases, and developments are structured correctly to optimise your VAT position.
Flat rate scheme
We assess whether the Flat Rate Scheme is right for your business and handle the setup process. This simplified approach can reduce administration and, in some cases, lower your overall VAT payments.
Cash accounting
Our team can help you switch to cash accounting so you only pay VAT once your customers have paid you. This can greatly improve cash flow for small and growing businesses.
Margin scheme
If you buy and sell second-hand goods, antiques, or art, we’ll ensure your VAT is calculated correctly under the Margin Scheme. This helps you remain compliant while protecting your profit margins.
Annual accounting scheme
We can help you join the Annual Accounting Scheme to simplify VAT reporting and improve cash flow forecasting. It allows smaller businesses to make predictable payments and file just one return a year.
Group VAT
For businesses with multiple entities, we provide advice on Group VAT registration. This can streamline reporting, reduce administrative costs, and improve overall VAT efficiency.
Charity VAT
VAT rules for charities can be complex. We advise on exemptions, partial recovery, and zero-rated supplies to ensure your charity maximises reliefs while meeting all reporting obligations.