It is an unfortunate fact of business life that some businesses can be subjected to an enquiry by HMRC. A full investigation is not a pleasant experience; however, at Windsor Accountancy we can make the whole thing more palatable.
It is important that if you are selected at random you have an accountant that knows how HMRC works and keeps to their own internal guidelines. We can talk to you about the enquiry process, explain what to expect and support you throughout.
If for any reason HMRC finds evidence of undeclared income, you will be required to pay the tax due, however, we can assist you with minimising the penalties that you could also be subjected to.
Prevention is better than cure and none more so in this instance. We know the triggers that often give rise to enquiries if not fully explained. Every tax return and set of accounts we produce goes through an anti-investigation scanning check to identify any areas that may lead to an enquiry before they are submitted. This really does help to minimise the chances of you being on the wrong end of an enquiry.