© 2011 Intellectual Property of Mike Perry - All rights Reserved :
Est. 2007
VAT - Background:
Advantages of using KISSE for VAT processing 1011:
Once you have entered all your sales (turnover) and business expenses / Capital asset purchases (inclusive of VAT) the KISSE system will calculate all your VAT OUTPUT and
INPUT costs and will arrive at your quarterly VAT liabilities for Payment to HMRC. - or will identify any VAT owed to you by HMRC.
If adopting the FLAT RATE Scheme KISSE will work out all your monthly liabilities to HMRC - this means you do not have to submit details to accountants each month saving
you monthly processing fees - and also accommodates first year calculations if adopting the Flat Rate Scheme.
You will be able to see what your VAT liabilities are at any stage of your trading year as KISSE updates the system continually, where KISSE takes all the hard work out of
administering VAT returns. KISSE also takes account of VAT when working out all Capital Allowances. Capital Balancing charges and Capital Balancing Allowances.
Click here for the full details
