HMRC are on the prowl! | Accounting Advice
Small and medium sized businesses in Peterborough need prepare themselves for a review on their business records by HMRC. Frank Waller FCPA of Accountants in Peterborough Stonehouse, specialises in Tax Savings, says Peterborough Businesses need to prepare themselves as HMRC are planning to carry out 50,000 checks nationwide every year for the next four years based on the adequacy and accuracy of company business records.
Frank Waller FCPA, of Stonehouse Accountants in Peterborough also said, “Tariff-based penalties for any failures to keep proper business records will be instigated. The maximum penalty is £3,000. It is very likely that Peterborough Businesses could end up being given an extensive tax investigation by HMRC. I would advise anyone who is worried to get their Accounts in order as soon as possible”.
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Call Accountants in Peterborough, Stonehouse Accountants– on 01733 265888