Counting the cost of a tax investigation
If you think the taxman won’t target you for an investigation, you may need to think again!
In recent years, the number of tax investigations and random spot checks carried out by HM Revenue & Customs (HMRC) has increased ten-fold.
If you are a business owner or self-employed, you typically have a one in ten chance of being targeted by a HMRC enquiry which can then lead to a full investigation.
Our experts understand the triggers that often give rise to HMRC enquiries to help you minimise the chances of you being on the wrong end of an enquiry.
Our expertise also ensures that you do not pay HMRC more than necessary.
Additionally, we are able to offer fee protection to help cover the significant financial costs associated with defending a full HMRC tax investigation.
Covering the cost of a tax investigation
A tax investigation is not a pleasant experience for anyone. Investigations are stressful and costly – and accountancy fees associated with defending you are not covered by our usual service fees.
Even where there’s no additional tax to pay, the cost of defending you still needs to be paid.
To ensure you are not left out of pocket by a costly tax investigation, Benson Wood & Co, together with Croner-i, have put together a package to add value to your business.
My Business Hub – combining digital legal resources and tax investigation cover
My Business Hub not only offers the ultimate digital toolkit, it also includes tax investigation cover as standard.
Planning to update your staff handbook, writing a home-working policy or letting go of the new hire that didn’t quite work out? My Business Hub can help with a wide range of employment law, health & safety and business legalities.
Importantly, My Business Hub also provides protection from financial risk in the event that you fall under HMRC’s spotlight.
My Business Hub adds extra value, whether you’re investigated or not.
Sign up now to Croner-i and rest easy knowing that you’ve got everything covered.
Alternatively, if you’d like to find out more about tax investigation protection, call us today.
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