Navigating the complexities of tax returns and investigations can be daunting for businesses. At Accusolutions, we offer expert services to ensure that your business complies with UK tax laws, minimising the risk of penalties and avoiding the financial strain that often comes with tax audits or investigations.

Who Needs to File a Tax Return and Why?

Tax filing is a legal obligation for all businesses operating in the UK. Whether you are a limited company, a director, or a contractor, it is essential to ensure that your tax returns are filed accurately and on time.

• Corporation Tax Returns (CT600): Every limited company must file a Corporation Tax Return (CT600) annually, even if the business is dormant or has made no profit. This filing ensures your company complies with HMRC’s requirements, declaring your income, expenses, and tax due on profits.

• Self-Assessment for Directors: Directors of limited companies must file a personal tax return (Self Assessment) each year to report all sources of income, including salaries, dividends, benefits in kind, and income from other sources like investments or rental properties.

• Construction Industry Scheme (CIS) Returns: Contractors in the construction industry must file monthly CIS returns if they hire subcontractors. This includes deducting tax from subcontractor payments and reporting it to HMRC.

Filing your tax returns accurately and on time is crucial. Failure to meet deadlines or properly report income can result in significant penalties, fines, or even a full tax investigation by HMRC.

Tax Investigations and Audits

Tax investigations can be triggered by discrepancies in your tax returns, missing documentation, or simply by being randomly selected by HMRC for review. These investigations can be stressful and time-consuming, but with the right support, you can navigate them smoothly.

• Audit and Investigation Support: If HMRC audits or investigates your business, we help you prepare all required documents and represent your interests. We ensure that your responses to HMRC are timely, accurate, and compliant.

• Handling HMRC Queries: During an investigation, you may receive queries from HMRC about your tax filings. We handle these on your behalf, ensuring that you respond correctly and in full compliance with tax laws.

• Tax Dispute Resolution: If HMRC disputes your filings, we offer expert advice and representation, helping you resolve issues efficiently and avoiding further penalties.

• Appeal Assistance: In the event of tax penalties or incorrect assessments, we can assist you in appealing to HMRC, working to reduce or eliminate any fines or additional charges.

Our Tax Return & Investigation Services Include:

• Tax Return Preparation and Filing: We prepare and file Corporation Tax Returns (CT600), Self Assessment returns for directors, and CIS returns, ensuring that your tax obligations are met without delay.

• Compliance Checks and Reviews: We review your business’s tax filings to ensure they meet all legal requirements and identify any areas that may trigger an audit or investigation.

• Investigation and Audit Support: In the event of an HMRC audit or investigation, we support you by managing all correspondence, gathering necessary documentation, and liaising with HMRC on your behalf.

• Penalty Prevention and Mitigation: We help avoid penalties for late or incorrect filings and assist with penalty appeals, working to reduce any fines or interest charges imposed by HMRC.

• Proactive Tax Planning: We offer ongoing tax planning advice to minimise your tax liabilities, maximise available reliefs and allowances, and help your business grow while staying compliant with tax laws.

Why Choose Us?

At Accusolutions, we specialise in managing tax returns and investigations, bringing years of experience to support businesses of all sizes. Our approach is designed to ensure compliance while proactively managing your tax risks. We work with you not just to file your tax returns on time, but to optimise your tax strategy and protect your business from unnecessary penalties or legal complications.