For businesses in countries or jurisdictions with VAT or other sales tax it is vital to ensure returns are done accurately and timely with a view to minimize the amount required to pay to or maximize the refund amount from – relevant taxation authorities. Our extensive experience and knowledge is capable in assisting companies of all sizes.
Oftentimes, smaller or medium-sized businesses lack understanding of VAT or sales tax structure, or how to manage tracking and returns. This might result in loss of refunds or under-payment – a real problem leading to penalties and other consequences in future.
Erudite Finlop & Lawton has years of experience in VAT and sales tax and will not only help prepare returns, but also implement procedures and controls in accounting system to properly account, track, and file returns for VAT/sales tax for the respective jurisdiction.