27/11/2024
Tax investigations are on the rise- are you and your business covered?
Are you a hashtag , Freelancer, hashtag . Sole Trader or Self- Employed? This is a MUST READ!
"It won't happen to me" I hear you say!
Well, 22 years ago, 1 year after I had started my business, it did to me.
Why?
Because my hashtag exploded in hashtag and hashtag . Isn't that what we work hard and strive for?
In the recent budget, it was announced that 5000 more tax compliance officers will be hired – it's happening now - what does this mean for you?
According to recent articles by Forbes and smallbusiness.co.uk investigations happen when:
- A tip-off is received from a disgruntled employee or Partner
- Regular mistakes happen on returns
- Turnover, profit, and other numbers fluctuate by large numbers
- The business shows years of unprofitability
- The figures produced are inconsistent with industry standards
- Directors earn less than employees
- Omission of income
- The business is not properly represented ( i.e has a certified Accountant)
Are you affected by any of these points- then you need to invest in the legal support to get you through this if it happens.
You can PROTECT YOURSELF AND YOUR BUSINESS with an FSB Membership.
Included with all the other incredible benefits is £100,000 worth of Tax Investigation Protection per claim, for YOU AND YOUR Business or Businesses ( one membership covers ALL of your business interests. Membership starts from £195 and includes potential reimbursement, if your accountant is involved, for their fees, from the scheme. The link to our protection scheme is in the chat.