Hands up who’s been investigated by the Inland Revenue? Quite a few of you, I suspect. It is not a pleasant experience, but even if you are fortunate enough to be given a clean bill of health, there will still be the inevitable additional accountancy fees. You can insure against the costs of investigation and there are a number of policies available. You may wish to speak to your accountant for his or her recommendation and/or consider joining the Federation of Small Businesses (FSB).
On the subject of tax money, it is not uncommon for practitioners, for one reason or another, not to have sufficient funds to meet their liability. So, for those who find themselves in that unfortunate predicament, we would be very pleased to introduce you to specialist financiers who are able to offer a number of short-term solutions.