Custom Clearance & Indenting

Custom clearance is the act of taking goods through the customs authority to facilitate the movement of cargo into (import) and outside (export) of a country. Customs clearance is a necessary procedure in permitting goods that are transported to a country through an authorized customs agent. Within this process, there’s also information regarding shipments of imports and exports, and of parties involved in the process.

Indenting is the process of using an agent or representative to place an order on your behalf with specific conditions attached to the transaction. An indent sale starts with the person making an order using the agent or representative to place an order with a supplier. The agent negotiates prices and sets up accounts, orders, and payments.

Documents involved with clearance and indenting may include:

Shipping document (Bill of Lading)

Supplier’s commercial invoice
Packing list
Certificate of Origin
Preference Certificates
Health Certificates (for foodstuffs etc.)

Importance of Custom Clearance & Indenting

COMPLIANCE

A custom agent takes care of shipping of product. A custom brokerage or indenting firm will verify if you’re complying with custom regulations. If custom regulations are not met, it will result in a time delay.

EFFICIENCY

A company will be able to retain more money. A customs agent will guide a company so that it is able to avoid shipment problems that will also follow trade agreement opportunities. There are multiple trade agreements that are dedicated to scaling down duties and taxes such as ASEAN, JPEPA, and the EFTA free trade agreement.

OUTSIDE PRESPECTIVE

The importance of architecture and construction in tourism is undeniable, just look at Egyptian architecture as a proof. Architecture is one the most important aspect of attracting tourism. States spend a lot of money on renovation and maintenance of their historical sites.

DOCUMENTATION, ERRORS, AND TIMELINESS

A custom agent is responsible for proper paperwork. A good custom broker can correct errors and file in a time efficient manner.

Expert Advice

Aurangzaib Chawla

I provide my expertise and services to a diverse range of clients Read More

Aurangzaib Chawla

Tax Partner

info@lanop.co.uk

0208 392 9375

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I provide my expertise and services to a diverse range of clients involved in the custom clearance and indenting sector, assisting them in resolving industry-specific accounting and tax issues. With the help of my extensive experience and understanding of this industry, I provide attention to detail advice that is completely specialized to your business structure needs, allowing you to worry less about your daily accounting services and focus more on earning profits.

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What Our Clients Say

Lanop have reduced my costs and maximised my profit through vital tax planning from the outset. They’re always on-hand to help me understand the latest terminology or legislation by communicating clearly, without jargon, and in a timely fashion. I can’t thank them enough!

Francesca Depledge

Business Owner, Found In Ltd

Role of Accountants in Custom Clearance & Indenting

Accounting is the art of recording and reporting on financial transactions. Accountants are concerned with tracking and reporting the financial transactions of a business. They are responsible for managing general ledger, cash flow management, collections, recognizing revenue, analysing profitability, reporting earnings, managing debt, and paying taxes of course.

Financial services firms need to fill roles like financial reporting accountants, auditors, bookkeepers, accounts receivable clerks, accounts payable clerks, controllers, treasurers, and tax accountants.

Typically, the entire accounting organization will report to a Chief Financial Officer as well.

An accountant will identify potential deductions throughout a fiscal year and advise on how to make strategic decisions for year-end deductions.
An audit can easily be avoided if you get the guidance and counsel of an expert accountant year-round.
Investing in and engaging a professional accountant as an ongoing tactical business advisor will assist owners in maintaining focus on long-term goals.
A collaborative approach toward an accountant allows to make decisions based on data and takes advantage of a consultative relationship that will help make business decisions in a timely fashion.
The biggest benefit of hiring an accountant is getting advice on how to plan for the future. They can pull reports from the past and examine the seasonality of a business. This helps determine the best time to buy inventory, and budget for big investments so that it can stay competitive and viable.

Lanop Accounting Services for Clearing Agents

BOOKKEEPING

ANNUAL ACCOUNTS

MANAGEMENT ACCOUNTS

FINANCING

PAYROLL

INVENTORY OPTIMIZATION

VENDOR BILL PAYMENTS PROCESSING

CASH FLOWS AND REVENUE PROJECTIONS

CAPITAL AND OPERATIONAL EXPENDITURE BUDGETING

VAT & PAYE SUPPORT

VIRTUAL FINANCE DIRECTOR SERVICES (OUTSOURCED CFO)

INDUSTRY AND MARKET ANALYSIS

ADVICE ON BUSINESS STRATEGY

TAX PLANNING FOR COMPANY AND DIRECTORS

Why is Lanop the best accountant for Clearing Agents?

The chartered accountants at Lanop, have several clients from custom clearing and indenting businesses. Lanop not only properly plans their taxes and risks associated with export and import transactions, but also calculates excise duties and VAT on traded items.

We make life easier for businesses, as well as any individual or corporation interested in cross-border trading of commodities and products, thanks to our expansive network of famous brokers and custom agents.

Lanop gives her clients complete peace of mind by managing cash flow, keeping consistent and accurate records of finances, and ensuring complete tax compliance.

Lanop: Making Connections All Over the World

Lanop Accountants eliminates the need to search for an all-encompassing accountancy firm. Our corporate headquarters in Putney, London provide practical and efficient solutions to all your accounting needs.

Our skilled tax and finance professionals work diligently to make your life simpler by reducing financial stress and making business models more lucrative and efficient in accordance with up-to-date regulations.