Tomorrow is the last day to make a decision on leaving the FRS for this quarter.
A lot of people mentioned that there is more paperwork to do using the "normal" scheme. My company uses an app to manage its books and I already enter all expenses into the system. It seems like all I need to do is make a few changes to the system's settings and pay more attention to the VAT rate when inputting expenses.
Is there something I'm missing? Is the hardest part classifying each expense?
Thanks.
A lot of people mentioned that there is more paperwork to do using the "normal" scheme. My company uses an app to manage its books and I already enter all expenses into the system. It seems like all I need to do is make a few changes to the system's settings and pay more attention to the VAT rate when inputting expenses.
Is there something I'm missing? Is the hardest part classifying each expense?
Thanks.
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