At McDade Roberts Accountants in Preston and Longridge, we know that business owners have a lot on their plates and some of those things can even create sleepless nights. Don't worry, we are here to help and take away some of those nocturnal worries.
HMRC Tax Investigation Worries
One worry clients wrestle with is where they would find the time or resource to deal with a HMRC investigation. It is a legitimate business concern as HMRC enquiries are better targeted and are being undertaken with an unprecedented level of detail and persistence. In the 2020/21 financial year for example, HMRC recovered additional revenues of £30.4 billion through compliance activity and there is every reason to think that they are going to be equally aggressive going forward.
If you cannot afford the defence, you could end up paying a much higher tax bill by having to accept HMRC's demands. Even when the outcome of the enquiry results in no adjustments to your tax position, the cost of defence can soon escalate.
Don't Panic!
Did you know that you can pay a small fee to insure against accountancy fees in the case of a HMRC investigation? No one can prevent an investigation into their tax affairs but with our tax investigation service you can make sure you are protected against unexpected defence costs if you are targeted.
McDade Roberts provide a valuable Markel Tax Protection service which enables us to defend you in the unfortunate case that you are selected for an enquiry so you don't need to worry about the cost. We are confident that the service delivers comprehensive protection against any potential fees arising from professional representation in the event of a HMRC enquiry. For a small annual charge, you can rest assured that you are protected against the professional costs associated with a taxation enquiry.
Our tax investigation service allows you to focus on your day-to-day if you are investigated and enjoy:
- No unexpected costs
- Full representation and advice
- Robust defence with support from ex-HMRC specialists
- Free access to business legal advice from a solicitor
- Free online legal guidance via Business Hub
Markel Business Hub – now included!
Markel Business Hub is included free of charge in our service for 12 months throughout your term. The Business Hub has 50,000 users, provides more than 1,520 practical DIY templates, 460 guides and 370 links covering everyday legal issues for business.
Up-to-date information and guidance around topics such as debt collection, health & safety and employment law are available. The Business Hub is written and created by Markel's team of experienced solicitors who have deep expertise advising on daily business issues, offering you extra peace of mind.
Get In Touch
For more information or to subscribe to our tax investigation cover, please get in touch.
The team at McDade Roberts accountants will be happy to support you through any accounting headaches whether you subscribe to this insurance or not.
If you have any questions about how we can help take some of the stress away from running your business, remember, the first consultation is free so you have nothing to lose by getting in touch.