Bottomline
Summer 2012
It's 1:10pm on Sunday 20th May, 2012
Top tips to avoid errors on your VAT returns
Following on from our June update relating to the treatment of VAT on disbursements, we have come up with a list of top tips to help you avoid errors on your VAT returns. There are some common errors which typically relate to the legal profession as follows:
Posted by
Louise McDuff
in
Advice for Professional practices
On February 10 2012
Are you putting the correct date on client ledgers?
The date posted to the client ledger must always be the date that the transaction took place. The following Rules and Guidelines pick up this point: Rule 1 (f) ‘A solicitors must comply with the requirements of rule 1 of the Solicitors’ Code of Conduct 2007, and in particular must…(f) keep proper accounting records to [...]
Posted by
Louise McDuff
in
Advice for Professional practices
On September 30 2011
Are you billing disbursements correctly?
When preparing your bills you will have a variety of costs relating to the services you provide, including disbursements incurred, and it is important that these costs are treated correctly for VAT purposes. Qualifying Disbursements A payment qualifies as a disbursement for VAT purposes if the following criteria are met: – The payment has been [...]
Posted by
Louise McDuff
in
Advice for Businesses, Advice for Professional practices
On June 1 2011
