Effective cash flow management is critical to running a successful business. However, many companies overlook this fundamental principle, focusing primarily on revenue under the assumption that ...

In their latest column, Fairhurst Accountants of Wigan put the VAT Flat Rate Scheme under the microscope to see whether it ...

The Kenya Revenue Authority's (KRA) introduction of auto-populated VAT returns through the iTax system was expected to simplify VAT compliance and reduce the administrative burden on taxpayers. While ...

In the age of the pandemic, online shopping significantly increased. Businesses small and established alike took to e-commerce and shipping overseas, with the advent of social distancing and the ...

On January 1, 2026, the standard value-added tax (VAT) rate in Russia was increased from 20% to 22%.Is it just a matter of ...

Xero can make accounting easier, but only when it is used consistently and correctly. By connecting your bank feed, reconciling regularly, uploading receipts, reviewing reports and keeping VAT ...

If a company is VAT registered, then no, VAT is not included in its turnover. In accounting terminology, turnover—often referred to as the ‘top line’ of the income statement—represents gross revenue ...