HMRC is planning a major review of the accounts of small and medium-sized companies in order to look for unpaid tax.  Under new legislation enacted through the Finance Act, the taxman will be able to scrutinise up to 50,000 sets of accounts in 2011.

Under the Act, the taxman will have the power to fine any businesses considered to have failed to keep proper tax and accounting records.  But if the company records are assessed to be up to scratch then this will mean that tax investigations will be less likely in future years.

Pemberley Accounting has in-depth knowledge and experience of accounting and tax for small and medium-sized businesses.  If you need help with your book-keeping or are worried about your tax records then contact Pemberley Accounting today for a free initial consultation.

Don’t leave it to chance – get peace of mind with Pemberley Accounting.