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Are you facing HMRC tax enquiry or investigation then look no more, our accountants in London offer full support and service
Have you received notice in the mail that the HMRC is opening a formal enquiry into your taxes? Or do you just have that feeling that they might be sniffing around your business, looking for something to investigate? Either way, Majestic Accountants are always ready to step in and give you all the advice and support you need.
With the heightened campaign of the government against tax evasion, it’s understandable as a taxpayer to be slightly paranoid, even if you’re certain you haven’t done anything wrong. With random enquiries, anyone can be up for investigation! That is why we are here – to give you peace of mind by doing everything we possibly can to clear your name and minimise whatever penalties might be imposed
What Are These Investigations for?
The main purpose of tax investigations is to uncover irregularities or anomalies in the tax-related activities of businesses, make them pay, and generate more tax revenue for the government. It has actually been a very successful drive so far. For each year since the HMRC started the enquiries, there has been an increase of approximately GBP 200 million in tax payments from small businesses alone.
These investigations can either be random or targeted, but most tax inspectors are now focusing on selected enquiries because, with these, they have a much higher chance of making a collection. The inspectors do get an incentive for hitting collection quotas, which explains their newfound fervour for hunting down businesses to penalise.
Should I Be Worried?
Unless you have been knowingly committing tax fraud on a massive scale, there is no reason for you to worry because we are here to help you through the entire investigation process.
If you have been selected for investigation, the HMRC will simply conduct an audit to see if you have been paying the correct taxes. They use a modern database called Connect to gather relevant data from 30 vital sources, including UK and offshore bank accounts, Land Registry records, credit card payments, and even social media.
Again, if you have done nothing out of the ordinary, there is absolutely no reason to worry. However, you must never, by any means, face them on your own. An innocent invitation to come to their office, perhaps just to clarify some small matters, can quickly escalate into a tax nightmare. Before you know it, you might find yourself facing a criminal tax prosecution and the grim prospect of imprisonment.
Instead, call us. We will take care of everything from start to finish. That way, you can let us worry about the proceedings while you focus on continuing to run your business.
How Majestic Accountants Can Help
First, we will do our own investigation and if we find that there is no basis for the enquiry, or if it has been wrongfully initiated, we will staunchly represent you until the HMRC makes a withdrawal of the case.
If there are indeed irregularities, you can rest assured that we will provide you with the best defence you can find in all of London, at very affordable fees. We will coordinate with your accountants and solicitor, and attend all hearings with the tax assessor. You won’t even have to see the HMRC, and definitely not the inside of a prison cell. We will shrink your penalties considerably with our reasonable fee.
With our vast experience in tax litigation and our team’s compelling negotiation skills, your tax ordeal will be over quickly. The earlier we intervene, the more damage we can prevent, so call us today.
Company Formation and Startup
Choosing the right legal structure and registering the company can be tricky.
Our professional accountants can advise you and form a limited company for you. Please click here for our detailed services.
Accurate calculations and tax planning for Payroll services can bring a significant positive impact on your business cash flow. Our team of professional accountants proudly provide excellent payroll services and free up your time of extensive reporting to HMRC.
Accounting and Bookkeeping
Depending on the size and nature of the business, our experts recommend the right software to you.
We usually use Quick books, Xero and Freeagent as our bookkeeping software(cloud-based system).
Our qualified specialist tax advisors provide their advice and services considering personal and individual circumstances when it comes to self-assessment.
We support our clients by minimizing their tax liability wherever possible in personal tax return calculation.
We offer to produce management accounts on a monthly or quarterly basis. Which means you will get to review your key performance indicators KPIs more regularly. Your dedicated account manager will also be able to talk you through the numbers.
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This is a legal requirement for all companies to make their registered address publicly available.
Companies regularly receive their most important correspondence such as companies house letters, HMRC notifications and letters etc.
We specialize in providing VAT (Value Added Tax) services for small to medium-size businesses through Making Tax Digital (MTD) compliance. Our qualified team of accountants help businesses submitting their VAT returns under the standard rate, flat rate, MOSS, Marginal and other schemes.
Tax investigation letter may seem very straight forward in the first instance from HMRC, but it can bring further complications and surprises if not adequately handled. Our Tax investigation experts will provide you with specialist advice and take all the burden of dealing with HMRC inspectors.
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Why choose us
Our professional qualified team is registered with Institute of Chartered Accountants in England and Wales , Association of Taxation Technicians and Association of chartered Certified Accountants .
No two businesses are alike; therefore, we ensure that we tailor and customise our approach to suite your business accounting and tax advisory requirements.
You need a dedicated accountants to answer any accounting or tax related questions or even tax planning questions to avoid any costly mistakes.
Our team of professional accountants will be there for you via phone or emails.
We are partnered with famous accounting softwares QBs and Xero and others. this means more transparency and accuracy in accounts.
Unlike many other accounting firms, we offer fixed term prices to our clients in line with their accounting needs.
You will be provided full access to your accounts on completion of work. Our friendly team of accountants will always be available to answer your queries.
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