What is a VAT Health Check? A “VAT health check” is an audit of a company’s VAT compliance and reporting procedures and processes. The VAT health check (VHC) aims to find areas where the business could do better and ensure it follows all the right VAT rules, regulations, and procedures. It […]
The year’s end is the most critical time for an accounting professional. Why is it so? This is because it is the time to produce financial statements for the entire year. The three most common financial statements are the balance sheet, income statement, and cash flow statement. The process of year-end […]
Introduction: Money laundering is the process of disguising illegally obtained money as legal money. This is usually done by moving funds through a series of transactions, mostly involving foreign banks, in order to conceal the true origin of the money. Anti-money laundering (AML) refers to a set of laws, regulations, and […]