PAYE Investigations
Employers Compliance
It is not normal to have a PAYE investigation or local compliance team letter to check PAYE records. Call us to discuss before you talk to the taxman.
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PAYE Investigations
HELPING YOU BEING
COMPLIANT TO TAX LAW
PAYE investigations are carried out on average every 6 years, although there can be a much larger gap between routine inspections without the need for concern. If a business has previously been a cause for concern or evidence has been found that they are not acting in appliance with the PAYE system, these checks can be more frequent. HMRC will inform you that your business is to have a PAYE investigation, and this will result in a meeting with a representative of HMRC at your business premises. You should have a tax accountant present to represent any HMRC officer queries. HMRC is likely to request and review all of your company records, including those concerning employee payrolls and any expense claims made. Our experienced specialist accountant will help you to organize and provide HMRC with all the relevant documentation they require.
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We Are Professional Accountants, Tax Advisors and Business Consultants
Our team consists of highly qualified accountants, Ex HMRC Tax Inspectors and industry known business consultants
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If you are self-employed or have a small business, let our team of best tax accountants take care of your accounting and tax compliance
FAQ
We Are Here To Help You With Any Questions You May Have
Normal accounting is focused on reporting profit or loss of the business and will be governed by GAAP. But Tax accounting is majorly focused on the impact of transactions on tax liability.
Every business including sole traders, partnerships, limited companies and large business will plan for their taxes and make amendments to financial statements and include any past or future tax liabilities through tax accounting entries.
Tax accounting enables and empowers business to comply with tax law and prepare for any future tax liability. Tax Accounting is part of accounting which will be governed by the laws of taxes in that jurisdiction.
Apart from tax compliance, tax accounting will help you generate cash flow in real terms. Any future tax liability will be added to cash flow of business in order to save money for future tax payments.
HMRC have published guidance to record income and expenditure on cash basis or accrual basis. They will accept any tax planning which is part of final accounts and is not tax avoidance.
No tax accountant is not more expensive then a normal accountant. We have specialist knowledge and experience to minimise your tax bills.
There is not much difference in the costs. Most of tax accountants will charge for advice and tax planning. Whereas accounting will be the same for every business. The difference is to include tax planning in accounts.
Your accountant may have included some normal tax provisions. If not you may be able to make adjustments in your current financial year. If you are loosing any tax reliefs, you may need to amend accounts and resubmit to HMRC and companies house.
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