Getting started with your first VAT return? Our step-by-step guide takes you through what you need to know when filling in the paperwork.

Once registered for VAT, you’ll need to fill in and submit quarterly VAT returns in order to stay compliant and pay the correct amount of VAT. Our VAT experts answer your commonly asked questions to make the process easier.

When are VAT returns due?

If you’re a VAT-registered business, you must report the amount of VAT on sales you’ve made and the amount of (recoverable) VAT you’ve been invoiced on costs. This is done through your VAT return.

Most businesses need to submit quarterly VAT returns, i.e., every three months, but which 3 months will differ depending on when you registered and whether you requested a particular stagger.

Tax Returns

Filing tax returns requires a deep understanding of compliance with tax laws. But, many small and medium-sized enterprises find it difficult to analyze the complexities associated with tax regulations.

They also do not have the best resources that can work with accuracy for tax returns. To resolve these challenges, Sigma Consultancy offers a Tax Return Service.

Our team has extensive knowledge of multiple tax laws and regulations. We use our expertise to facilitate entrepreneurs and businesses in filing tax returns with ease. With the tax returns service, our experts can help your business in the following ways:

Ease and Time-Saving

Tax preparation involves multiple tasks. Filling out forms, mailing, and performing other tax-related tasks is not easier for someone who is new to the tax world. Our tax team is well-versed in all such techniques and knows how to follow this procedure systematically. It brings ease to your business besides saving you time, which you can use for your core competencies.

Maximizing Deductions

There is no fixed amount of tax. Every business has certain expenses, revenue, and other factors, based on which it pays the total tax. However, there are some deductions in the tax based on some factors. We know how to maximize the deduction in your total tax amount so that you need to pay less.

Finding Tax Credits

A tax credit is a benefit given by the government to regular taxpayers. It is a reduction in taxable income, but it is different from deductions. Understanding credits, filling out forms, and dealing with such tasks requires expertise. We can determine which tax credit is eligible for your business.

Sigma Consultancy helps several businesses stay safe from penalties and smoothly file for tax returns. Get started today!