Tax is complicated, there’s no two ways about it. For some people, calculating percentages is enough of a hurdle to stumble over; when you throw multiple sources of income, deductible expenses and changing tax brackets into the equation it’s enough to leave one with a sore head.
This complexity explains the prevalence of tax investigations – it is not always intentional tax evasion or tax fraud that leads to HMRC launching an investigation, sometimes it is ignorance or negligence. And when the taxman comes knocking, forensic accounting services are on hand to help resolve the matter.
Whether using specialist accountants to file a tax return in the first place or calling upon the experts after becoming the subject of an investigation, having someone on your side who has experience in resolving investigations and knows how HMRC operates is extremely useful when it comes to bringing matters to a quicker and probably cheaper conclusion.
Receipts scattered around an office, miscalculations in spreadsheets or oversights in unaccounted for revenue streams can all be obstacles en route to arriving at the correct amount of tax to be paid. Working with the tax investigators to establish exactly where the problem lies, examine what the cause of that problem is and then go about correcting any wrongdoings is exactly what the experienced experts at Frenkels Forensics can provide.
So for anyone daunted by the prospects of filing a tax return or has found themselves under investigation for tax reasons, fear not, forensic accountants are available to take the complexity and tedium out of the whole process.
For expert financial help for any tax issues contact Frenkels Forensics for an independent appraisal.
By Vitek Frenkel – find me via Google+.