Tax Problems & Investigations
Complying with each and every tax rule can be complex. It’s no surprise that many businesses face tax problems, while even the most routine tax inspections can be stressful, even when you have nothing to hide.
If you have tax problems or face a tax investigation, it pays to seek professional advice and you must act rather than just hoping for the best.
Basic compliance is easy enough. It involves keeping the right records, filing the right returnsand making your tax payments when required. It’s worth remembering that failure to do so can lead to substantial tax penalties.
Reliable advice makes tax compliance easier by identifying what you need to do. You can also get help to set up systems that make life easier. This may include organising services (eg bookkeeping) or recruiting others to help you. This approach to tax compliance can pay for itself, reducing the time you and Accountancy Summit Ltd waste dealing with disorganised paperwork.