Accountants in Cannock who help you keep more of what you earn.
KPMG, one of The Big Four accountancy firms have found that HM Revenue & Customs are issuing questionnaires to companies about their company vans. There was a time when the Taxman would contact you to help and ensure your business is doing things correctly and if there is anyway they can help. However recent times have shown us that contact from the taxman is usually because he doesn't think your paying the right amount of tax and is suspicious. The same applies to these letters. Though we still haven't seen any, one can assume based on the information we have seen, that it will comprise of leading questions by the taxman to make you believe that you have a benefit in kind on your companies van. If you receive one of these letters hold back on replying. As your accountants, you pay us to deal with The Revenue on your behalf. Bring the letter in and let us ensure the questions are answered correctly and avoid any unnecessary additional tax. If you aren't a client but have received a questionnaire, visit our enquiries page to arrange a free initial consultation to ensure the questions are answered correctly.
With the deadline for tax returns well and truly past we can breath a sigh of relief that all tax return we were asked to do have been completed in time. However, there are some people who may not of completed a return on time, or even know they had to complete one! Sometime towards the end of the month, HM Revenue & Customs will be issuing £100 penalties to anyone who hasn't submitted their return on time. But don't despair! If there is no tax due, typical in case of CIS workers, that penalty wont stand! However in order to get the penalty squashed we need to file your tax return. If you have been faced with one of these letters and need some help working out how to move forward, contact us for a free no obligation interview. Call us on 01543 468500 or use our enquiries page.