THE ADJUDICATOR AND OMBUDSMAN
Your business can be much more
The Tax Ombudsman Service
WHEN YOU CANT GET RESOLUTION WITH HMRC
HMRC and the Valuation Office (VOA) do not always get things right so don’t be put off from complaining if you have a legitimate concern. Our team of experienced tax accountants will assist and advise you every step of the way if you wish to make a complaint to the Adjudicator or the Ombudsman. If you are planning to make a complaint to the Adjudicator, make sure you have allowed HMRC due time and opportunity to address and resolve the matter themselves. You or your specialist accountant cannot contact the Adjudicator before completing stage one and two of either HMRC or VOA’s respective complaints procedure. If you make a complaint to the Financial Ombudsman, either online or via the phone, about an ongoing dispute or malpractice of an institution, the Ombudsman will conduct an investigation into the matter and attempt to resolve the situation, normally through mediation, or issuing recommendations, either non-binding or binding.
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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What our clients say
Although tax officials have extended powers to bring criminal proceedings, their initial enquiry is not with a view to prosecution. Their ultimate goal is to recover unpaid taxes.