Gary Ashford and Richard Webb senior tax managers at Grant Thornton examine some of the tax compliance issues facing growing companies
In cases of new and growing entrepreneurial companies company directors are generally focused on their plans to grow the business to some aspirational target year by year. Whilst these directors are commendably and diligently working towards achieving these targets concerns about systems and processes to deal with tax compliance among other matters can be undervalued and neglected regarded as a diversionary issue.
Unfortunately this might be less than wise for several reasons including the fact that HMRC recognises this approach as a tax risk. If HMRC decides to target such a company for review significant financial implications can emerge in...
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Gary Ashford and Richard Webb senior tax managers at Grant Thornton examine some of the tax compliance issues facing growing companies
In cases of new and growing entrepreneurial companies company directors are generally focused on their plans to grow the business to some aspirational target year by year. Whilst these directors are commendably and diligently working towards achieving these targets concerns about systems and processes to deal with tax compliance among other matters can be undervalued and neglected regarded as a diversionary issue.
Unfortunately this might be less than wise for several reasons including the fact that HMRC recognises this approach as a tax risk. If HMRC decides to target such a company for review significant financial implications can emerge in...
If you are not a subscriber, subscribe now to read this content.
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