Fee protection
Every individual and business is at risk of being investigated by HM Revenue & Customs. Research suggests that up to one in ten small or medium sized business is likely to be subject to a tax investigation. The Revenue is becoming more aggressive about how they deal with investigations - they do not have to give a reason for investigating and even select some cases completely at random. The cost of dealing with a revenue investigation is often high and can easily be more than the cost of preparing the accounts and tax returns that are under investigation.
The best person to defend you in an investigation is your accountant but the cost of doing so can be expensive. At Robertshaw & Myers, we recognise the importance of protecting your business against the potential cost of dealing with an investigation. We recommend a fee protection scheme provided by Qdos. The scheme offers affordable insurance to cover your accountancy fees in the event of an investigation. For more information regarding this scheme please contact us.