Managing your VAT payments
When it comes to paying your business’s VAT bills, it’s best to establish a strategy for managing payments. If you’re organized, nothing will come back to haunt you. Of course, online accounting software such as QuickBooks will help you keep on top of your records and make sure you don’t miss any deadlines.
It also makes sense to plan ahead, so you’re making claims and allowances wherever you possibly can.
Whether you decide to go down the VAT exempt route or not, using online accounting software will be a huge help. You’ll find it vastly simplifies your accounting processes so it’s easier to stay on top of your VAT liabilities and payments.
We hope you’ve found this article outlining how to apply for VAT exemption useful. QuickBooks provide solutions for many common business tax requirements, including helping you stay on top of your VAT payments in line with SARS requirements.
Discover more free Small Business Resources at the Intuit QuickBooks Resource Centre to help grow your business in South Africa today.