Need free consultancy? Book Now
SERVICES
What we offer
VAT Reurns
Managing VAT for recruitment agencies can be a time-consuming task, with complex transactions involving staff placements, contractor payments, and operational costs. At GenZed, we streamline this process by combining advanced AI technology with expert oversight to ensure all transactions are accurately recorded and all legally reclaimable VAT is captured. Using tools like Dext and Hubdoc to process invoices and receipts, our team reviews every entry, while AI verifies the accuracy of VAT applications. With our meticulous approach, we help recruitment agencies stay compliant, maximise VAT reclaims helping to improve cashflow, increase profit margins, and ensure audit readiness.
What We Offer
Accurate VAT Calculation with AI and Expert Review
Our VAT process begins with Dext and Hubdoc automating the entry of invoices and receipts. Our experienced bookkeepers then review each entry to ensure VAT is correctly applied, adjusting descriptions and details as necessary. Once this is done, our AI verifies each transaction to ensure VAT has been correctly applied. This comprehensive approach ensures the accuracy of every transaction and maximises VAT reclaim opportunities.
MTD Compliance
We help your recruitment agency remain compliant with Making Tax Digital (MTD) regulations by using HMRC-approved software for digital VAT submissions. Our AI tools track every transaction, and our experts verify the data to ensure VAT returns are accurate and fully compliant with HMRC standards.
Thorough VAT Preparation
We prepare VAT returns with attention to detail, covering everything from staff placement fees to operational costs and contractor payments. Our AI checks every transaction for VAT compliance, while our experts ensure that all eligible expenses are correctly documented. This helps you recover all VAT you are legally entitled to reclaim.
HMRC Filing
We manage the entire VAT submission process, ensuring your returns are filed on time and accurately. By checking each transaction through AI and manual reviews, we help reduce the risk of discrepancies and ensure compliance with HMRC requirements.
VAT Reconciliation
Our VAT reconciliation service ensures that all VAT transactions align with your financial statements. Our AI systems flag any discrepancies, and our team carefully reviews the data to ensure the accuracy of your VAT returns, reducing the likelihood of errors or audits.
VAT Audit Management
If your recruitment agency undergoes a VAT audit, we’ve got you covered. We securely attach invoices and receipts to transactions within your accounting system, making all documentation easily accessible. Our team is experienced in managing VAT audits and will guide you through the process, ensuring that all necessary documentation is available and compliant with HMRC regulations.
How We Work
Step 1: Invoice and Receipt Entry
We use Dext and Hubdoc to automate the entry of invoices and receipts, capturing all relevant transactions for your recruitment agency. These tools create initial entries based on the attached documents, helping to streamline the data entry process.
Step 2: Bookkeeper Review and Adjustments
Our experienced bookkeepers manually review each entry created by Dext and Hubdoc. We make necessary adjustments to VAT rates, descriptions, and other details, ensuring that VAT is correctly applied to each transaction.
Step 3: AI-Powered Accuracy Check
After our bookkeepers have reviewed and adjusted the entries, our AI systems perform a final check to verify that VAT has been applied correctly and all details are accurate. This multi-step process ensures precision in every transaction, helping to optimise VAT returns.
Tailored VAT Solutions for Recruitment Agencies
We understand the specific challenges recruitment agencies face, such as handling VAT on contractor placements, staff payments, and international transactions. Our VAT services are tailored to meet your agency’s unique needs, ensuring that your VAT returns are accurate and compliant.
Regular VAT Reporting
We provide regular updates on your VAT status, giving you a clear view of upcoming deadlines and VAT reclaims. Our detailed reports allow you to track VAT obligations effectively, helping you stay on top of your finances and manage cash flow across your recruitment agency.
Expert Guidance
Our team of VAT specialists is always available to offer guidance. Whether you need assistance with VAT regulations or advice on maximising VAT reclaims, we provide expert advice to ensure your VAT process runs smoothly.
Why Choose GenZed?
When you choose GenZed to manage your VAT returns, you gain the benefit of expert oversight combined with AI technology to ensure every transaction at your recruitment agency is processed accurately and that your VAT returns are fully optimised. By ensuring compliance and maximising VAT reclaims we help to improve cashflow and increase profit margins, allowing you to focus on placing the right talent while we manage your VAT responsibilities.
– AI and expert oversight ensure error-free VAT returns by verifying every transaction for compliance.
– AI identifies VAT-eligible transactions, and our team ensures correct application to recover all reclaimable VAT.
– We manage the entire VAT process, from invoice entry to submission, reducing admin work and saving time.
– Invoices and receipts are securely attached to transactions, ensuring quick access during audits, with expert support for HMRC compliance.
– AI and manual reviews ensure accurate, HMRC-compliant returns, optimising VAT recovery and giving you confidence and peace of mind.
Join Us In
Three Easy Steps
Get in touch
Get in touch to find out how our accounting and bookkeeping solutions can streamline your finances and boost your business.
Chat to an expert
Chat with our experts today for tailored accounting and bookkeeping solutions to enhance your business performance.
Get a fixed quote
Secure a fixed quote today for accurate pricing on our expert accounting and bookkeeping services. No surprises, just great value.
EXPERT CONSULTANCY
Book Your Free Consultation
EXPERT CONSULTANCY
Book Your Free Consultation
Drive growth and streamline your finances with GenZed. Get free consultancy today and discover how we can support your recruitment agency’s success.