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Monthly Bookkeeping - If you are the owner of a smaller business, monthly bookkeeping may have been all you required to keep accurate financial records and projections.
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Value-Added Tax is commonly known as VAT. VAT is an indirect tax on the consumption of goods and services in the economy. Revenue is raised for the government by requiring a business that carries on an enterprise, to register for VAT. In doing so, the business will charge VAT on supplies of goods and services made by it, on the importation of goods and on imported services (subject to certain conditions).
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