VAT, Tax and Accounting help for small businesses
Selling goods online to Norway – With or without VAT? VAT on goods to Norway. What is the VAT if you ship goods to Norway? Are you going to invoice with Norwegian VAT if you sell things from your website…
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VAT rate UK. Which are the VAT rates in England? Which VAT is applicable in Great Britain? What is the reduced value-added tax rate in the UK? Which is the British standard VAT level? What is the typical UK VAT rate? UK VAT…
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Accounting, UK, VAT
Check VAT number of EU companies VAT number lookup. Where can I check VAT numbers of my customers and suppliers? How do you know it you invoice a valid and active VAT number for a European company within the EU…
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Many people use Google Adwords, Bingads and Facebook Ads to promote their website, their product or service , but there are many other great and good services to advertise on the internet. Such a service that many people use is…
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VAT payable is also called output VAT and is found on invoices you are sending to the customer. Or in other words output VAT is found on invoices going out from your company. When you sell something to a customer and send a…
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Cash accounting for VAT and Accrual accounting for VAT. When do you report VAT with accrual method? When do you declare VAT with cash method? You can report your VAT receivable and VAT payable according to two accounting principles or accounting…
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Accrual accounting method is a term that describes how the posting of invoices and journals are done in larger companies (corporations), compared to sole proprietorships which usually applies the cash method of accounting. What is the accrual method of accounting? It is an accounting…
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Difference between Expenditure and Cost. When does an expenditure become a cost? In daily speech, these words are used to mean the same thing, but in accounting, there are important differences between these terms and words. Expense Expenditure: When you purchase…
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Charity donations. Are donations to help organisations eligible for tax relief? Is there a tax deduction for gifts? Are donations from a company deductible? Donations to charity in the USA In the US you can deduct your contributions only if…
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What is triangulated VAT?, VAT triangulation and middleman in EU trades? What is a VAT triangle? How to account a 3-partner trade? Middleman triangulation with VAT If you are intermediary (middleman) in the triangulated VAT situation, special rules apply for…
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