>> I always used an accountant to do my tax return for the retail shops which
>> each had their own set of accounts.
>>
The only time I've been in trouble with tax was in the early nineties and that was down to my then accountant. He and his partner split sharing their clients between them and mine got overwhelmed with with his workload. The first I knew about it was when I got letter from the Inland Revenue (As it was then) asking me when I had ceased trading, sent because they had not received a return from me the previous year. This led to an eighteen month long tax investigation filled with worry as they queried ever single expense, demanded bank and finance statements, proof of all household outgoings etc etc.
It was resolved peacefully in the end, but it was not an experience I'd want to go through again as they have a tactic of dropping speculative demands for thousands of pounds through your letter box to panic you if they think you are dragging your heels, always timed to arrive on the Friday of a bank holiday weekend to cause you maximum worry. The taxman is not someone you'd want to get in a scrap with.
Last edited by: Robin O'Reliant on Sun 24 Jan 21 at 21:58
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Tax Returns new
Tax Returns new
