Knowing your filing requirements and meeting them.
Well-presented returns reduce the risk of enquiry.
Even a one-person consultancy business faces myriad compliance requirements from HMRC and Companies House.
Most businesses know about the burden of many reporting requirements such as payroll, VAT and Corporation Tax etc., though they are generally less sure about whether, when and how to register for, report and pay taxes and fees. Additionally, there are HMRC and Companies House filings that consultants are not aware of, the ignorance of which can lead to penalties and enquiries.
The small company compliance environment is very familiar to us at Tayabali & White and we can support you as much as you need, allowing you more time to work in your chosen field.
As well as coping with the compliance environment, the prospect of having to face an HMRC is a real concern for consultants. We work with our business clients to help ensure their tax affairs can stand up to scrutiny, with particular consideration to IR35 issues. We also make sure returns are well-presented and unusual transactions clearly explained to reduce the chance of an HMRC enquiry.
We enjoy an excellent relationship with HMRC, which means that on the rare occasions when an enquiry is made we are able to deal with it quickly and successfully.
Our clients do some really interesting things covering a wide range of industry sectors.
These include accommodation, agriculture & agribusiness, biotechnology, construction, consulting, education, engineering, financial services, IT, Journalism, manufacturing, medicine, music, pharmaceuticals, procurement, publishing, real estate, retail, telecommunications, transportation, web services.
"I’ve been with Tayabali & White now for 25 years, initially with Arif and David and now with Imran and Simon. Throughout it all, delighted by their friendly, informal and helpful advice, tailored to my needs as they’ve changed over the years."