What is AVASK? What services does AVASK provide?

AVASK (UK) Accountants and Business Consultants mainly focuses on cross-border VAT business, accounting and business services. AVASK insists on being customer-centric and has long maintained close cooperation with the UK Revenue and Customs (HMRC), the Big Four accounting firms in the UK, and various VAT agencies to provide the most professional, efficient and comprehensive services to cross-border e-commerce companies from various countries.

AVASK's Services

1. Business Plan

(1) Entering the UK:

①Overview: AVASK has successfully helped hundreds of entrepreneurs set up their own companies in the UK with personalized services.

②Service scope: formulation of business plans, enterprise registration, planning and decision-making, company administration, and trademark registration.

③ Specific service content: Complete the establishment and management of the company; recruit professional talents and provide human resources consulting; complete value-added tax and other related tax work; provide company management consulting; create the most suitable publicity and advertising for the enterprise; establish a virtual office.

(2) Company Entrepreneurship:

①Overview: AVASK has provided professional advice and support to many startups in London, Eastleigh and across the UK, aiming to help entrepreneurs turn their business ideas into reality. AVASK will prepare the client's business plan, integrate the client's business, provide advice on strategic planning, and provide the client with an accountant to set up the client's accounting accounts.

②Service Content: Company formation; compliance and statutory reporting; corporate and personal tax returns; financial and marketing expertise; business plan cash flow forecasting; advice on selecting accounting and business software systems; business review analysis and consulting.

(3) Company secretarial services:

①Overview: The Companies Act imposes an obligation on companies to submit required documents according to the prescribed deadlines. AVASK’s services guide clients through the legal minefield of company formation and take on the work of administrators.

②Service content: company formation; preparation and submission of statutory tax returns; preparation of meeting minutes and resolutions; company search.

(4) Business withdrawal plan:

①Overview: AVASK can help clients develop comprehensive exit plans to minimize tax liabilities and maximize financial returns, as well as ensure a smooth transition when changing ownership.

②Service content: AVASK’s expert advice includes creating a succession plan, setting prices, choosing the best time to sell, and other important processes related to business exit.

2. VAT services

(1) Overview: AVASK has helped hundreds of e-retailers from China, Hong Kong, the United States, Japan, Australia, and the United Kingdom solve their complex VAT problems.

(2) European full-process trade: UK VAT, German VAT, Spanish VAT, French VAT, Polish VAT, Italian VAT, and Czech VAT.

(3) Service content: VAT consultation; VAT registration; VAT account removal; VAT payment.

3. Tax consulting

(1) Business property tax: The boom in the real estate market made the real estate industry a hot spot for investment in the UK, but the development of the real estate industry has slowed down. Many people find that higher property prices mean that owners have to bear more tax obligations, such as inheritance tax (IHT). Property ownership involves many different tax details, so it is necessary to adopt appropriate tax measures in a timely manner.

(2) Property investment: From an accounting and taxation perspective, all rental income (except for furnished holiday homes) is classified as arising from “property” regardless of the terms of the lease and is treated accordingly. In calculating profit and loss, generally accepted accounting principles for transactions are used, including the calculation of rent and expenses paid in advance or in arrears on an accrual basis.

(3) Business tax: AVASK can help customers reduce their tax burden and ease administrative pressure to the greatest extent possible.

(4) Subsidies and allowances: The amount of subsidy available is calculated based on the following factors: interest costs on the property purchase loan (less a portion for personal use), rent, interest rates, insurance, maintenance, management and personnel costs.

(5) Personal tax services: AVASK helps clients retain more income. The service targets include: enterprises, high-income people, and every individual within the tax range. AVASK helps clients complete various types of tax work, including personal assessment, declaration, or advice and guidance related to inheritance tax.

(6) Personal Assessment: AVASK will prepare the client’s tax return. AVASK’s personal service will fully alleviate the client’s tax return pressure, avoid tax return errors and the resulting high fines, and save the client’s time and money to the greatest extent.

(7) Tax investigation by HMRC: AVASK will provide experts to negotiate with HMRC (HMRC) in the interests of the client.

4. Tax investigation

(1) Overview: To date, AVASK has helped hundreds of e-commerce sellers from the United States, China, Hong Kong, Japan, Australia, and the United Kingdom to complete VAT work in European countries, assisting sellers in solving multi-country VAT and complex tax investigation problems.

(2) Service content: The AVASK team provides customers with comprehensive services including VAT registration, execution, declaration and refund; agency and tax authorities' negotiations; EC sales/material internal statistics, company registration, tax audit reports, etc.

(3) Advantages:

①AVASK has long maintained close cooperation with HM Revenue and Customs (HMRC), the Big Four accounting firms in the UK, and various VAT agencies.

②The team has rich experience and provides the most professional, efficient and comprehensive services to cross-border e-commerce companies from various countries.

③Team members are proficient in multiple languages ​​and can communicate with customers and government agencies without obstacles.

5. Accounting services

(1) Annual legal account management: AVASK will help manage the client's finances and increase the company's profits. AVASK will prepare unaudited statutory accounts for clients in accordance with the latest legal provisions to ensure that the accounts can be completed accurately within the specified time and avoid penalties due to overdue submission. AVASK takes the interests of its clients as its starting point and provides clients with the most valuable advice to help them improve their work efficiency. AVASK maintains close contact and communication with its clients to ensure that clients can accurately understand their financial situation and its related impacts, so that clients can make correct business decisions.

(2) Financial accounting: AVASK will help customers handle accounts starting from the most basic bank statements, invoices and bills, ensuring that customers' accounts are updated in a timely manner according to normal procedures. AVASK has a professional department dedicated to providing customers with customized, flexible and cost-effective account registration solutions. AVASK's standardized account registration rate is highly competitive.

(3) Forensic accounting: When a company or individual is involved in a legal dispute involving money, AVASK will provide expert assistance to investigate and resolve the dispute. Based on current experience, cases in which AVASK is involved at an early stage of the dispute can usually be settled out of court.

(4) Payroll: AVASK provides clients with biweekly and monthly payroll processing, payroll and annual reports. AVASK’s experts can ensure the accuracy of the client’s payroll, and the client’s company will comply with all legal requirements and submit the relevant documents on time.

(5) Regular management accounts: AVASK can provide services such as preparation and analysis of monthly management accounts, project cost accounting, budget and cash flow forecasts, management reports, break-even analysis, and abnormal warnings by identifying and measuring key performance indicators.

(6) Subcontract accounting: VASK has provided subcontracting services, including full-time employment, to many companies.

(7) Wealth Management: AVASK’s goal is to provide clients with easy-to-understand advice and to help them achieve their financial expectations.

The above is an analysis of what AVASK is and what services AVASK provides. If you want to know more about AVASK, please continue to follow us!