Tax Investigation Support is a vital service we provide to mitigate the complexities often associated with tax audits or investigations. Our team is here to guide you through each step of the process, ensuring you have a comprehensive understanding of your rights, responsibilities, and the audit proceedings.
We assist the preparation and review of all required financial records, offering clarity in a potentially overwhelming situation.
Here at Counting King, our aim within Tax Investigation Support is to provide a seamless, stress free experience, enabling you to navigate tax audits with confidence.
Eligibility for Tax Investigation Support can depend on a variety on factors. General considerations consist of :
In order to benefit from Tax Investigation Support, you could take the following steps:
Tax Investigation Support can provide many benefits, and have many positive impacts on you and your business. These benefits include:
Maintain Business Operations: During an investigation, having a professional manage the process allows you to continue focusing on your day-to-day business operations with minimal disruption.
Professional Guidance: The complexities of tax laws can be challenging to navigate. Having access to experts ensures that you’re well-informed and can make educated decisions, minimizing potential errors and their associated costs.
Stress Reduction: Tax investigations can be stressful. By having experts manage the situation, you can significantly reduce your anxiety and concentrate on other aspects of your business and personal life.
Avoidance of Financial Penalties: Errors during a tax investigation can result in significant financial penalties. Having tax professionals on your side helps to reduce the likelihood of mistakes, potentially saving you money.
Improved Future Compliance: Tax advisors can provide recommendations and guidance on how to better manage your tax affairs moving forward. This improved compliance can reduce the risk of future investigations, creating a smoother path for your business growth.
Preservation of Reputation: Handling tax investigations professionally and promptly helps maintain your business’s reputation with authorities and stakeholders.
Risk Management: Some tax investigation support services offer fee protection insurance, safeguarding you from unexpected costs associated with professional fees. By mitigating potential risks and handling the process efficiently, Tax Investigation Support can contribute to the ongoing stability and success of your business.
This is where we will explain how our process works and how Counting King can defend your company against HMRC, and their impending investigation.
This is where we will request copies of any correspondence between your company and HMRC, relating to the investigation in order to ascertain where you are up to so far.
Counting King will produce a comprehensive response to HMRC on your behalf, and also establish the defence in order to mitigate or close down the investigation.
Once HMRC has processed your claim, you will then receive the benefit as discussed with your Tax Analyst at Counting King.
Find Out How Much You Can Claim With Our FREE Research and Development (R&D) Tax Credits Calculator. You can even get the calculation emailed to you for future use.
HMRC do not provide Tax Investigation Support, but rather conduct the Tax Investigations. When HMRC decides to investigate an individual’s or a company’s tax affairs, they follow a defined process:
Notification: HMRC begins by notifying the individual or business that they are under investigation. This is usually done in writing and includes details about what aspects of the tax return are under investigation.
Information Gathering: HMRC then collects information and documentation relevant to the investigation. This could involve asking the individual or business for certain documents or information, or it might involve HMRC gathering information from other sources.
Review and Analysis: The gathered information is then reviewed and analyzed. HMRC checks if the individual or business has correctly reported their income and paid the appropriate amount of tax.
Tax Investigation Support offers many benefits! These benefits include:
Professional Expertise: You’ll have access to our experts who understand complex tax laws, and will provide you with knowledgeable guidance throughout the investigation process.
Peace Of Mind: The stress and complexities of dealing with tax authorities is alleviated, as professionals handle the communication and negotiations, providing you with reassurance and peace of mind.
Cost Effectiveness: The potential for mistakes during a tax investigation, which can result in additional payments and penalties, is significantly reduced, leading to potential cost savings.
Strong Representation: You gain strong representation in any dispute with tax authorities, ensuring your interests are protected and giving you the best possible outcome.
Financial Protection: If the service includes fee protection insurance, you could have the costs of professional fees covered, offering substantial financial relief during the investigation process.
"We have just had a fantastic experience with Counting King, they managed to successfully claim our R&D payment and the customer service, customer communication and professionalism has been second to none. Thank you Counting King"
Joe Hamilton - Managing Director
Contact us today to find out if you are eligible for Tax Investigation Support