Danny King Posted February 20, 2007 Report Share Posted February 20, 2007 Just had a meeting with my accountant He has just warned me that the way Tax inspectors earn there money is changing. Part of there wage is going to be made up of what they can find in your books. The more they can get you to pay the more they will earn. I hope all you guys have insurance to cover you incase he comes knocking. A tax inspection can cost thousands and they will be more eager to go through everything as it will be in there intrest to make you pay Sorry I hope I have not ruined anyones afternoon, I feel we all should know this.... Link to comment Share on other sites More sharing options...
ironplanet uk900 Posted February 20, 2007 Report Share Posted February 20, 2007 You only need to worry if you ain't running you business properly. There are rules follow em and they can't touch you. Link to comment Share on other sites More sharing options...
Danny King Posted February 20, 2007 Author Report Share Posted February 20, 2007 Very true... I have a great accountant who sorts it all out for me He has saved me a fortune and makes sure all paper work is done and in with them on time. My concerns are for people who do there own books (self assement) Who might not know what the rules are. Link to comment Share on other sites More sharing options...
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