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What we offer
VAT Returns
Managing VAT can be a daunting task, especially with frequent transactions and complex VAT regulations. At GenZed, we simplify the VAT process for SMEs by combining advanced AI technology with human expertise to ensure every transaction is 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. This meticulous approach helps your business stay compliant, maximise VAT reclaims, and ensures audit readiness.
What We Offer
Accurate VAT Calculation with AI and Expert Review
We begin by using Dext and Hubdoc to automate the entry of invoices and receipts. Our experienced bookkeepers then review each entry, making necessary adjustments to VAT rates, descriptions, and details. After this, our AI checks each transaction to verify that VAT has been applied correctly. This combination of human expertise and AI ensures that every transaction is accurate and that all VAT reclaim opportunities are maximised.
MTD Compliance
We help businesses comply with Making Tax Digital (MTD) regulations by using HMRC-approved software to submit VAT returns digitally. Our AI tools continuously update transaction records, and our experts review all data before submission, ensuring your VAT returns are accurate and compliant with the latest HMRC standards.
Thorough VAT Preparation
We handle VAT preparation with attention to detail, covering everything from supplier invoices to operational expenses. Our experts stay up to date on ever-shifting regulations, and our AI checks each transaction to verify VAT returns are applied correctly to ensure all eligible expenses are properly documented. This helps to recover all VAT you are legally entitled to reclaim, maximising business profitability.
HMRC Filing
We take care of the entire VAT submission process, ensuring your returns are filed on time and accurately. By combining AI checks with manual reviews, we help reduce discrepancies and ensure compliance with HMRC regulations.
VAT Reconciliation
Our VAT reconciliation service ensures that VAT records are fully aligned with your financial statements. AI systems identify any discrepancies, and our team carefully reviews the data to ensure your VAT returns are as accurate as possible, minimising errors and audit risks.
VAT Audit Management
If your business faces a VAT audit, we’ve got you covered. We securely attach invoices and receipts to transactions within your accounting system, ensuring all documentation is easily accessible. Our team has extensive experience managing VAT audits and will guide you through the process, ensuring that your business remains compliant and fully prepared.
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. 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, and maximise profits..
Tailored VAT Solutions for SMEs
We understand the unique challenges businesses face when managing VAT, from navigating complex regulations to handling operational expenses. Our VAT services are tailored to meet your specific needs, ensuring VAT returns are accurate, compliant, and optimised for your business.
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 your VAT obligations effectively, helping you stay on top of your finances and manage cash flow for your SME.
Expert Guidance and AI Support
Our VAT specialists, supported by advanced AI tools, are always available to offer guidance. Whether you need assistance with VAT regulations or advice on maximising VAT reclaims, we combine AI insights with expert advice to ensure your VAT process runs smoothly.
Why Choose GenZed?
At GenZed, we combine AI technology with expert oversight to ensure that every transaction is processed accurately and that your VAT returns are fully optimised. By ensuring compliance and maximising VAT reclaims, we allow you to focus on running and growing your business while we manage your VAT responsibilities.
✔️ AI-Driven Accuracy with Human Expertise
You gain the assurance of accurate, compliant VAT returns through a unique blend of AI technology and professional oversight. Each transaction is meticulously reviewed to ensure VAT compliance, providing you with confidence that your financial data is correct and reliable.
✔️ Maximised VAT Reclamation
Ensure you recover every penny you’re entitled to with comprehensive VAT analysis. Our AI verifies correct VAT application and identifies any missed opportunities for reclaim, while our experts ensure full compliance. This approach maximises your reclaim potential, boosting profitability without missed opportunities.
✔️ Efficient and Streamlined Process
Reduce your administrative workload with an end-to-end VAT management solution. We manage the entire VAT process, from invoice and receipt entry to final submission, saving you time and reducing administrative burdens. Our AI-powered tools ensure more accurate VAT returns, allowing you to focus more on growing your business.
✔️ VAT Audit Readiness
Be prepared for any audit with all your VAT documentation securely stored and easily accessible. Invoices and receipts are securely attached to each transaction, making your financial records audit-ready at all times. This ensures you remain compliant and stress-free in the event of an HMRC review.
✔️ Precision and Peace of Mind
With our AI-driven checks and manual review processes, you can be confident that your VAT returns are accurate, compliant with HMRC regulations, and fully optimised. We ensure that you reclaim all legally eligible VAT while staying compliant, giving you peace of mind.
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