Make sure you pay your taxes, HMRC closes in
HMRC has revealed interesting new figures which show growth in the revenue they have recouped from people who have tried to avoid or evade tax. In the past 12 months, the total sum of the money claimed towards government coffers stood at £21 billion. When compared with the figures from 2005 – £6.9 billion – this is a noticeable improvement.
It’s possible that the advent of digital technology may have made these advances an option. According to the organisation, the main culprits are from 30 key industries that include those who work solely online, those in construction, and even some law firms.
Having an accountant undoubtedly offers you protection against the potential of an inspection or an audit, and also makes sure that you don’t drop any balls when it comes to paying tax. Missing the odd self assessment or paying the wrong levels of taxation can have dire consequences for your business in the long run, after all.
Stonehouse Accountants operate in the Peterborough, Kettering, Corby and Market Harborough area, call us now if you’re looking to change accountant or need a new one. 01733 26588.