Once the consultancy is completed, the next step is to assess the need of VAT in your business structure and then focus on implementation. Scan International holds a team of tax experts and finance specialists who will assess your budgets, financial performance and business position. On the basis of thorough assessment, right accounting system for the calculation, recording and updating of VAT will be suggested.
The implementation stage ensures our client that accurate bookkeeping will be conducted using cloud computing. The effectiveness of VAT is guaranteed with accuracy in the records of accounts receivable and accounts payable that are most likely to affect the new startups and existing business.
Additionally, it is also considered that the companies comply with the international accounting rules designed for tax recording. For this purpose, we provide our clients with the software that helps in recording accounting transactions and documenting VAT procedures, policies and controls.
Based on the legal requirements of VAT recording, the companies may have to go through restructuring options. We will offer the most efficient and suitable restructuring options for our clients to pursue, while sharing the step by step implementation process will so that your company knows every detail of implementing VAT after restructuring.