Tips to beating an HMRC tax investigation. Paperwork. Whether it’s a pristine colour-coded filing system or a cluttered bunch of notes on your desk - if you’re running a business, you’re going to need to keep your business records somewhere. Whether it’s supply costs, HR materials, or information about your finances, you’ll never know … Continue reading What tax records should you keep for your business?
So you’ve agreed to a meeting. Time to get out those records. And now, the time has come. Your tax investigation may just beginning or you may already be deep into the process. But either way, HMRC have insisted on a meeting. Maybe your accountant thinks it’ll be a good idea. Maybe you want a … Continue reading What happens at an HMRC meeting during a tax investigation?
Meetings. That dreaded word. How many meetings have you endured for the love of your business? Of course, at their best, meetings can be productive and exciting; there’s plans to be implemented and goals to be achieved. But sometimes? Meetings can be… well, a little tedious. And meetings with HMRC? They can be downright scary. … Continue reading What to do if HMRC ask for a meeting during a tax investigation?
Sometimes, it’s easy to forget some of life’s simple truths. The institutions we deal with on a daily basis, for example - banks, the council, even your internet provider? How easy is it to forget that, ultimately, they’re all run by people? People just like you. It’s the same with HMRC. We don’t think it’s … Continue reading 5 pieces of information you can withhold from HMRC during a tax investigation.
An enquiry. Sounds a little mysterious, doesn’t it? A bit too formal and old-fashioned. Sinister, even. It conjures up the image of seemingly polite people rooking through your private business. It conjures up the image of people looking for faults where there might be none. And, in the worst-case scenario, it might make you feel… … Continue reading How to handle an HMRC Enquiry
It’s a good question. After all, if you and your business is faced with an enquiry from HMRC, you might be struggling to understand all their jargon. You might be struggling to understand why this process has started in the first place. The first step? Breathe. Because even if you see an HMRC enquiry as … Continue reading Just what is a HMRC enquiry, anyway?