Can a Small Business Survive Without Hiring a Professional & Certified Accountant in London

Small business owners meet multiple challenges every day, and financial management is the major one in this esteem. According to recent studies and surveys, about 50% of small businesses fail within their first year. And the primary cause of their failure is financial mismanagement. Doing most of the financial management tasks without prior knowledge and expertise is the main reason behind the financial mismanagement. In other words, lacking the support of specialist accountants for small businesses is the reason behind the failure of most of the entrepreneurs.

Benefits of Hiring Top Class VAT Return Services Providers in London

According to the UK’s tax regulations set by the HMRC, every registered business in the country is required to be registered for VAT with HMRC after meeting the set threshold of annual turnover and to file returns accordingly. VAT registration and preparation of returns is quite a complex aspect for a business and can result in loss of focus on its key productive aspects. In this regard, professional accounting and taxation experts recommend such businesses that they should hire VAT return services to avoid any sort of complications and to stay focused on their business’s growth.