Compliance and Tax

Compliance and Tax

From assistance with tax returns to VAT return preparation, we ensure that your business complies with all regulations on time, leaving you to focus on the day-to-day running of your business.

We can oversee all the financial work needed to comply with HMRC. Modern tax returns are increasingly complex. We ensure our clients avoid late or incorrect tax returns and are specialists in tax compliance, ensuring you avoid incurring any unnecessary penalties.

What we offer?

Compliance

  • Selecting the most appropriate accounting treatment for work in progress in Building Contracts
  • Tax compliance for builders – CIS Construction Industry Scheme
  • Minimising the tax on company vehicles.
  • Start-up assistance (incorporation and tax registrations),
  • Preparation and submission of annual accounts and tax returns.
  • Dealing with HMRC tax enquiries.
  • Payroll administration
  • VAT

FEE PROTECTION INSURANCE

Protect Yourself from the Cost of an HMRC Investigation

At Prevail Accountancy, we can provide you with a Fee Protection Service to protect you from the costs that may arise as a result of a Tax or VAT Enquiry from HMRC.

An investigation could cost you money, even if you’ve done nothing wrong and anyone can be selected: a business, a director or an individual tax payer.

The Fee Protection we can provide is an all-encompassing Policy that provides you with the ultimate protection.

The detail

The service covers up to the equivalent of £100,000 towards our professional fees resulting from an HMRC Enquiry.

Any compliance check started by HMRC regarding your compliance with:

  • Income Tax and/or Corporation Tax Self-Assessment
  • PAYE
  • National Insurance
  • VAT
  • IR35
  • Construction Industry
  • National Minimum Wage or Gift Aid Legislation and Regulations and;
  • Any consequent dispute with HMRC after the issue of an assessment, computation of liabilities, written decision, notice of VAT civil penalty or notice of underpayment of the National Minimum Wage.

Peace of Mind

Included as part of the Fee Protection Service, is comprehensive access to Employment Law, Health and Safety and HR expertise, all at no cost to you.

You’ll gain valuable access to highly experienced consultants who can provide you with guidance and knowledge on a wide variety of subjects and issues.

Prevail Accountancy Limited is supported by Croner Taxwise Limited – the market leading Fee Protection Insurance provider in the UK.