After successfully launching its Value Added Tax (VAT) calculator App in the summer, Businessmentals has announced an exciting addition to their VAT product portfolio which is guaranteed to make business much easier, less stressful and more efficient.
The UAE VAT Return System is designed to streamline processes by tracking income, expenses, customers, suppliers, products and services for the user. It then conveniently creates a VAT Return form which is identical to the one required by the FTA. It also produces VAT invoices as required.
“This new simple, highly effective VAT Return System covers any businessperson’s VAT accounting needs, especially when used with our VAT Calculator App,” said Steve Ashby, founder of Businessmentals. “The calculator starts the seamless process and the VAT Return System helps keeps track of your invoices and payments so you can stay efficient and organized. It will literally save you hours of work every return period and reduce your stress levels about incurring late payment fines. This product will pay for itself the very first time you submit a return.”
In addition to showcasing these products, the website is a great resource for business owners. It contains useful VAT blogs and white papers written by industry experts, breaking news and handy tips on how to deal with burning issues like payment dodgers.
It also provides great infographics and “how to videos” plus a simple way to verify TRNs.
“Businessmentals really is a one-stop shop that collates news, essential VAT information and tools,” added Ashby.