Other Services
Tax Investigations
Need help managing the Taxman?
It is an unfortunate fact of business life that you may well be the subject of anĀ enquiry by HMRC, through no fault of your own or of your accountant. HMRC investigates businesses at random, as well as for specific reasons. A full investigation is not a pleasant experience for anyone.
We are here to help.
If you are selected at random, you need an accountant who knows how HMRC works and is prepared to fight your case. We will talk you through the enquiry process and what to expect, and will support you throughout.
The Penalties
There are various penalties HMRC can seek to impose following an enquiry for undeclared income. As well as having to pay the unpaid tax, there may be additional penalties up to an amount equal to the tax, so doubling your tax bill. Interest on the late payment of the tax is also part of the arrangement – not a pleasant experience. We can help you minimise these penalties.
Anti-investigation Scanning Checks
Whilst with random investigations anyone can come under enquiry, you can help to avoid the chance of an investigation into your affairs for other reasons. We know the triggers that often give rise to enquiries if not fully explained to HMRC when submitting Returns to them.
Every Tax Return or set of accounts we submit to the HMRC goes through an anti-investigation scanning check to identify any areas that may lead to an enquiry before they are submitted without explanation. This really does help to minimise the chances of you being on the wrong end of an enquiry.
Worried about the accountancy fees of a tax investigation?
With the ever increasing risks of full tax enquiries and investigations, it’s worth considering protecting yourself from the accountancy costs involved in preparing your case, as the amount of work involved is often substantial.
You can get cover for the following…
- Self-assessment enquiries
- VAT enquiries
- PAYE and benefits enquiries
- IR35 enquiries
Even if HMRC finds nothing as a result of any investigation, you will still have unexpected professional fees to pay as a result.
We cannot prevent you from being investigated by the HMRC, but we can help to ensure that you get the best possible support and advice without having to worry about the cost.
Payroll services
Everything seemed fine running your own business until the day you took on your first employee and became an unpaid tax collector.
This is when you found out what red tape was all about.
Let us take the strain away from you and let you get on with running and growing the business. Payroll is complicated and has to be done on time, and you as the employer are responsible for the mistakes.
We run payrolls on time and can provide a tailor made service for your business including…
- Employee payslips
- Monthly summaries
- Departmental reports
- Dealing with leavers and starters
- Provision of analysis of staff costs
- Real Time Information (RTI) PAYE returns for the Revenue
- Assistance with automated payment set-up to your employees
- CIS returns completed by us
You will never have to worry about calculating statutory sick pay or maternity pay and dealing with student loan deductions ever again!
And at year end…
- Employee summary P60s
- P11D and P9D benefit and expenses returns
And the related tax planning advice…
Beyond the payroll compliance service, we offer comprehensive advice on all employment tax issues including…
- Tax efficient remuneration strategies
- Planning for retirement
- Termination payments
- Inducement payments
- Company car and van strategies
- Benefits planning