After the last 12-18 months saving money is at the forefront of most business owners’ minds and in situations where some services are a necessity rather than a luxury, it’s always a welcome headline to read when there’s an opportunity to cut costs. 

 

Whilst the Government relaxed a number of deadlines and put in place unprecedented support during the early part of the pandemic, as we’re coming out the other side, it is wanting to recoup its losses with business now under pressure to commence repayments. Not only that, the HMRC have recently set up a taxpayer protection force, recruiting some 1265 extra members of staff with the sole aim of targeting small businesses who may have committed Covid-19 fraud. 

 

And one of the two things we know to be true in life is you have to pay your taxes. 

 

If you are still relying on your own devices to complete your tax returns, or despite the last few months, you’ve managed to achieve growth within your business and are starting to see growth and scale, don’t get caught out. Even with innocent and honourable intentions, it is possible to submit inaccurate declarations on your self assessment or company tax return, especially in respect of furloughed staff and SEISS claims, and you may find yourself in the unenviable position of having to pay the HMRC a considerable sum of money. 

 

As an owner managed business ourselves, we understand these pitfalls, so much so that we have been acknowledged as a champion for other small business owners by being featured in the Parliamentary Review of 2020. 

 

We also understand the pressure that small businesses have endured over the last few months, on occasion just to ensure their survival, through no fault of their own. So, as a positive step forward we are pleased to offer a major “covid” incentive including: 

 

 

We work in partnership with our clients, to help them at every step of their entrepreneurial journey; we would love the opportunity to see if we are the right fit for you.