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 Accounting News & Insights

Professional Fee Protection Cover

26th February 2013

HMRC have the power to investigate whoever and whenever they see fit.  Our blog article “When the taxman calls” details the types of taxes HMRC will investigate and what you should expect from a visit.

As your accountant we can reduce the risk of an enquiry when we prepare your accounts by looking at unusual costs, considering margins and looking at the income you take for reasonableness. HMRC have confirmed that they do a risk score on accounts and that a variety of other factors come together to increase the likelihood of an enquiry. One such item is the late submission of accounts and tax returns, and the later the submission the higher the risk...

Click here for the full article


Accounting News & Insights

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