Sign up for vatmate® and maximise your profits
Just because you can does not mean you should ... unless it's good business. With the introduction of the new rules on place of supply for certain cross border EU sales in January 2015 the whole issue of such sales has become a 'no go area' for a large number of businesses including many that were trading happily until then!
Suddenly the paradigm shifted!!
As with any business to maximise profits, you must be diligent in cutting frivolous costs and boost productivity among staff and employees. This is an ongoing process that often faces many challenges. The key to success is to always remember that at the end of the day, the business's profits will serve two purposes. The profits will be reinvested in the business to allow the business to grow. The profits will also be distributed to the business owner(s).
As part of reviewing your cost structure, along with your cost of sale (this includes all the actions and activities after the sale as well). vatmate is instrumental in keeping your costs down as well as streamlining your business flow. It does this by managing the VAT and VAT MOSS processes, producing reports that enable decisions and payments to be made promptly avoiding uncomfortable conversations with tax authorities.