Financials

Transaction activity can be diverse when running a yacht or aircraft operation. Due to this, books and records may be open to interpretation. Also, because of this diversity, most tax inspectors will demand to see your annual financial statements. This includes the profit and loss accounts.

What this means is that during compliance checks, comparing VAT return turnover to declared income is now commonplace.

When faced with tax inspectors, it’s therefore imperative that you’re able to provide them with the complete picture.

How Y & A Group, LP help

As well as a thorough VAT accounting service, we also provide the following:

• Overall bookkeeping service
• Financial statement preparation

In doing so, we ensure your transaction activity avoids any unnecessary and inconvenient misinterpretations.