Tax investigation advice for law firms

Don’t be the victim of a costly penalty

The bad news is, if HMRC investigates your solicitor’s firm and find any malpractice – or even mistakes that point towards malpractice – your investigation could escalate to criminal status. If that happens, it’s unlikely you’ll be able to escape a penalty.

If you need advice or have software or documentation we can work from to organise and prepare your accounts; we’re happy to help.

Keep your accounts in order with a fixed monthly fee

There’s a simple solution here, employ a bookkeeper or accountant! That way, your accounts will always be in order. Our prices work on fixed monthly fees, from as little as £50. Check out our pricing. 

Organise the accounting information behind an HMRC enquiry

If your firm receives correspondence from HMRC, keep the original letter and identify the periods, records and questions it refers to. Tell your accountant about any response date shown in the correspondence so that the required work can be planned around the enquiry.

Prepare a clear record of outstanding questions

Gather the relevant accounts, invoices, bank information and explanations of unusual transactions. Keep a list of documents that are missing or figures that do not reconcile. An organised set of records makes it easier to understand what needs attention.

Clarify the accounting support you need

The scope of assistance depends on the enquiry and the condition of your records. We can discuss bookkeeping organisation and the preparation of financial information, alongside the role of any existing tax or legal adviser. An enquiry does not, by itself, establish that wrongdoing has occurred; outcomes depend on the facts.

For ongoing records support, explore outsourced legal cashiering. Contact our team to discuss the accounting work required.