Personal Finance 360’s Post

🚀 Boost Your Business Compliance! 🚀 🕒 Here's a quick tutorial on how to check the validity of intra-community VAT numbers on the VIES platform! 🌐📊 🔗Link to VIES Platform -> https://lnkd.in/et6X6Tfi 🔍 Ensuring your contractors have valid VAT numbers is crucial for all businesses. Don't miss out on this quick and easy tutorial to stay compliant and avoid potential tax issues. 📑✅ #BusinessCompliance #VAT #VIES #TaxTips #BusinessGrowth #Entrepreneurship #Finance #Accounting #BusinessTips #TaxCompliance #SmallBusiness #B2B

Are you a business owner looking to find your VAT number in the UK? Look no further, because in this article, we will provide you with a simple and effective guide on how to find your VAT number for any reason. Whether you're a new entrepreneur or an established company, the process of obtaining this crucial identification number can be confusing if you don't know how. #FindVatNumber #FindVatNumberUK #findyourVATnumber #HowToFindVatNumber #HowToFindVatNumberUk #HowtofindyourVATnumber

VAT Threshold Rise: A Boost for UK Small Businesses Are you a small business owner in the UK feeling overwhelmed by VAT compliance? We've got some fantastic news for you! The government is raising the VAT registration threshold in 2024, providing much-needed relief for businesses across the country. This means that smaller businesses will no longer need to register for VAT until their annual turnover exceeds £90,000. This increase can significantly reduce your administrative burden and allow you to allocate more resources towards growing your business. Key benefits of the VAT threshold rise: Reduced administrative workload Improved cash flow management Increased focus on growth Competitive advantage in pricing Enhanced business flexibility Want to know how this change impacts your business? Check out our blog. Link in comments! . . . . #VATThreshold #SmallBusinessUK #VATCompliance #BusinessRelief #TaxUpdates #Entrepreneurship #BusinessGrowth #CashFlowManagement #SmallBizSupport #UKBusiness #VATChanges #FinancialFlexibility #BusinessAdvantage

🚀 VAT Registration: It’s Easier Than You Think! 🚀 Hey, business owners! 👋 Does the idea of VAT registration make you feel overwhelmed or unsure? You’re not alone! Many entrepreneurs worry it’s complicated — but here’s the good news: It’s not scary at all! In fact, VAT registration can actually benefit your business: ✅ Reclaim VAT on purchases ✅ Show professionalism to clients and suppliers ✅ Stay compliant with the law I’ve created a video to explain why VAT is nothing to fear and how it can be a positive step for your business. Check it out below! 🎥👇 If you still have questions or need help, I’m here to make the process simple and stress-free. Feel free to reach out — I’m always happy to assist! Let’s navigate this together. 💼💪 #VAT #BusinessGrowth #Entrepreneurship #AccountingMadeEasy #TaxTips

Thinking about VAT deregistration? Whether you're closing your business or your revenue has dropped below the VAT threshold, understanding the process of VAT deregistration is crucial. Simplify your finances and stay compliant with these essential steps! Hit that follow button for more business tips and financial insights! #uaebusiness #businessetup #freezones #dubaifreezones #businesswithpleasure #entrepreneurship #businessowner #taxadvisor #accountant #taxadvice #corporatetax #taxsolutions #smallbusinesstip #wealthplanning #wealthsuccessmotivation #entrustconsulting #dubai #dubaibusiness #uaebusinessplan #uaevat #corporatetax #vatregistration #rasiyapk #dxb #businesscoach

Understanding VAT: A Must-Read for Entrepreneurs As I connected with a fashion entrepreneur recently, I was surprised to learn that her small-scale business was already filing VAT taxes. This encounter highlighted a common misconception among enthusiastic entrepreneurs. In this series, I'll share valuable insights on: - What is VAT and who is a vatable person? - Goods and services subject to VAT - How to calculate VAT correctly - Exemptions and thresholds (annual turnover of #25 million) - Voluntary VAT payment options - When to recognize VAT (service performed, milestones reached, goods supplied) - Required documents for VAT filing (invoices, bills, debit notes, goods received notes) - Filing rules and penalties to avoid Join the conversation! Share your questions, contributions, and experiences in the comments below. Let's navigate the world of VAT together and ensure compliance for our businesses. #VATinNigeria #Entrepreneurship #TaxCompliance #SmallBusinessTips

If you're an entrepreneur, and you've always struggled to understand all about tax, VAT, various types of business registrations, finance, and much more, PLEASE GO AND LISTEN TO THIS GUY. This is the most simplified explanation I've ever heard on these subjects. https://lnkd.in/eGiykRHv https://lnkd.in/evpkHagZ

Small business owners are promised to be free from red tape with the VAT threshold increased to £150,000 and the entrepreneurs' tax slashed to 5%. Read more 👉 https://lttr.ai/AUwH5 #ElectionManifestos2024 #SmallBusiness #SmallBusinessFinance #InTheNews #NationalInsurancePayments #GuaranteedEarningsBased

CASH VAT You’re probably thinking if your business mainly deals in cash it would be right for you. This is not always the case. Would your business benefit from using a Cash VAT scheme? For more information on how Cash VAT works including benefits and drawbacks read our full article at https://buff.ly/4b0uA5j #cashvat #vat #business #vatscheme #businessowner #cashbasis #cashflow

You can legally barter services and even goods/products, but there are a few things that you need to know about this. 1. Both (or all) parties need to count the fair market value (FMV) of the bartered service or product as income. 2. The FMV must be reported on your taxes. 3. Keep detailed records of: • The services or goods you exchanged. • The fair market value of what you received. • The date and nature of the exchange. 4. You can deduct the expenses incurred according to standard tax law. 5. The goods or services are still subject to sales tax if they are according to your state’s sales and use tax laws. What types of goods or services would you barter for? . . . #GothAccountant #TaxStrategist #TaxPlanning #Taxes #BusinessOwner #Entrepreneur #EntrepreneurLife #Entrepreneurship #SmallBiz #TaxTime #TaxTips #TaxHelp #smallbusinessowner #smallbusiness #smallbusinesssupport #Accountant #bookkeeper #RavenwoodAccounting