VAT accounting services involve record keeping, the preparation of VAT returns, reconciliation of input / output tax, and tax efficiency. They also make sure that all transactions are appropriately classified as VAT reducing compliance risks. Businesses also use these services to organize cash flows well through planning of VAT payments and reclaim of schedules. VAT accounting services ensure that your records are current and up to date whether you are operating locally or internationally. Outsourcing to professionals allows the business to remain goal-oriented and at the same time provide accuracy on taxes, submission of taxes and abide by the evolving VAT laws.