Facebook Twitter Linkedin. TaxAccountant June 6, Get Professional Help for Your Business. There may be other reasons why you are being investigated, however. These could include: Someone in your business or who has dealt with you has alerted the HMRC to potential tax evasion. But if these are reoccurring regularly, it may send a warning sign that you are trying to evade tax. If the margins for your earnings fluctuate dramatically, this can be another sign that things are not quite as they seem according to HMRC.
Most businesses will not earn the same each year but if your profits take a sudden hit you may need to explain why. Another warning sign may be that you have been running a business for several years but have yet to break even. Unprofitability is a sign that you could be cooking the books and are not honest about your revenue. The HMRC will also look at tax returns in relation to the industry standard.
You might be a case for investigation if your directors are earning less than the employees — it could suggest that some creative accountancy is going on. You may omit payments from companies in return for services that you have supplied. When Does the Investigation End? Not answered above? Contact Us. Let us take care of your bsuiness.
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Specialist Tax Services. What our clients say. They offer a tailored and bespoke service that matches individual needs. Tax Accountants called me shortly after I had set up a company just as I was looking for an account. They asked a few questions and my intentions and they explained about tax planning saving me the time of blindly fishing around in the dark.
Fantastic service, my highly specific needs were listened to and understood, and I was put in contact with a relevant specialist. Couldn't have asked for any better. I would recommend to anyone looking for fast and reliable service. What an amazing setup. Thank you very much for your help guys and I look forward to working alongside you in the future.
Please let me know if this is a service you require and I will put you in contact with one of our accountants who will happily assist you. I hope this helps and we look forward to potentially preparing your husbands tax return on his behalf. No spam. No waffle. Just useful, practical and valuable news and insight, straight to your inbox. We always protect your personal data. Full of useful tax tips, a tax calculator and a tax calendar.
It also gives you direct access to the Client Login area on our site and much, much more. Download it today! Clients are welcome to drop in to any of our offices across East Anglia, no matter where their accountant usually works from. We're also happy to visit any client at their home or office too, whatever's convenient.
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