Jun 12

Help with Tax Investigations

Tax-help

The large majority of taxpayers pay all of their tax in a timely fashion. However, this does not exclude you from an investigation from HMRC. An investigation needs dealing with professionally and a firm of Chartered Accountants.

Sage & Co are ideally placed and skilled to help with tax investigations. Of course, proper professional work and support does have a cost. Even if HMRC’s enquiries result in no extra tax being due, they will not be responsible for the professional costs of responding to an enquiry, the taxpayer has to foot this bill.

We currently have a number of ongoing HMRC investigations which we’re dealing with on behalf of clients. They are often complex and have significant technical aspects; they can also take many months or even a number of years to complete. They can be quite scary for the company or individual who is subject to the enquiry and we pride ourselves on the care and support we provide to clients through what can be a difficult time.

Our institute, the Institute of Chartered Accountants in England and Wales recommend that we as a firm of Chartered accountants offer a fee protection insurance to our clients. For a very modest annual fee, subscribing clients are covered for the professional costs of dealing with a tax enquiry. We always strongly recommend our clients have such cover. When one has the challenges of an enquiry, it is nice to have the comfort that at least the fees associated with it are covered!

The following is an update about tax investigations that make salutary reading. HMRC are throwing significant resources at SME’s and we like our clients to be in a position to respond to such enquiries robustly!

Please click on the link below to download the update:

Tax Investigations Update

Open Quote

From first going self-employed to starting a limited company, the fantastic accountants at Sage have talked me through the processes and looked after all things accounts-related, leaving me with peace of mind; free to focus on the day-to-day operating of the business. Sage handles everything for me from payroll to tax returns and their service is flawless; when I need something its done; when I need info I get it. All of their staff are friendly, professional, efficient and patient and I couldn’t manage without them.

 

Close Quote