As well as deciding whether or not you want to (or have to) register for VAT, there are a few choices you have to make once you’ve done it.
The Revenue have a few different accounting schemes available for small businesses, such as cash accounting, or the flat rate scheme.
To be honest, it’s not a question of what is the best scheme. It’s a question of what is the best scheme for your business. Something that works great for the business down the road might cause you real headaches with cash-flow.
Fee free to download our free guide to some of the most common schemes, and do give us a call if you have any questions.