Tax Investigations
Are you aware that HM Revenue & Customs no longer need a reason for opening an enquiry into your business or personal affairs? This means that potentially everyone is at risk of a tax investigation. Inspectors can go back through seven years' worth of accounts and tax returns and your accountant will be required to get heavily involved.
TaxAssist Accountants can offer you Fee Protection Insurance which covers the cost of any work your TaxAssist Accountant has to do towards an investigation.
The costs associated with an investigation can be devasting. We feel that this insurance will truly give you the peace of mind should you be investigated.
Not only that, the TaxAssist Accountant will be provided with experienced consultants (paid for by the insurance) to assist through the investigation making sure it is resolved as quickly as possible.
How can I avoid an investigation by HMRC?
The best route for avoiding an investigation would be to employ an accountant first and foremost. TaxAssist Accountants have specialist software which will analyse the completed tax return to check for anything which may be flagged up by HMRC. It's at this point we can then make notes about anything that may arouse suspicion. The more information we provide the less likely an investigation.
HMRC do, however, carry out a number of random investigations which are, unfortunately, unavoidable. So even if you believe that there are no unusual entries in your accounts or on your tax returns, an investigation could still happen to you.
If you think your business should be protected from a tax investigation or if you would like to speak with a TaxAssist Accountant then call us now on 0845 0176961 or fill out our contact form for a free consultation.
