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Why might HMRC investigate my business?

Nicola Roby, Director at CHW Small Business Accountants in Bolton highlights some common triggers which may to lead to an HMRC tax investigation, and gives some advice about how you can reduce your likelihood of being subject to one.

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The consequences of not filing your company accounts on time

Company accounts must be filed within nine months of the end of the accounting period. If you fail to reach this deadline, there can be serious cash consequences.

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Setting up a new business? You’ll need an accountant…

Setting up a new business can be an exciting prospect but most think they only need an accountant to prepare their accountants and tax returns at the end of their first year of trading. However, by failing to seek the advice of an accountant from the outset, you could be missing out on invaluable advice.

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The likelihood of HMRC enquiring into every business is on the rise

The “tax gap” (the difference between the amount of that should (in theory) be collected by HMRC against what is actually collected), stands at £36 billion,…

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5 April fast approaching – are you prepared?

The end of the tax year is fast approaching, and we understand that no-one wants to pay more tax than they have to. It’s important to…

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