Tax investigation service

There have been many significant changes within HM Revenue & Customs over the last 12 months and as a result we believe clients and the business community at large should be more concerned than ever about the threat of a tax investigation. Enquiries can be chosen at random and the professional costs associated with defending youself can be significant. In order to protect our clients we are now providing a new Tax Investigations Service.

HMRC are becoming more active in this field
With the Government looking to reduce the massive national debt it is likely that there will be even more pressure on Her Majesty’s Revenue & Customs (HMRC) to bring in additional monies to the Exchequer. In addition HMRC were granted new far-reaching powers in 2009 and, using Schedule 36 inspection powers, Tax Inspectors can now visit business premises, inspect documentation and conduct record keeping reviews – all without launching a formal tax enquiry. In the last few months alone there has been considerable media interest in HMRC’s large scale enquiry projects into various professions and we believe this type of targeted behaviour is likely to continue in the coming months.

Our solution
In response to these worrying new powers, we are pleased to launch the Blossom Stream Ltd Tax Investigations Service. The service is designed to reimburse the costs of your defence in the event that you are selected for enquiry.

We offer our tax investigation service to all our clients allowing them to insure against the high level of professional fees involved in mounting a defence.

Protecting yourself against the potential for an investigation is an important consideration for any business as tax enquiries can cost many thousands of pounds and take several years to settle. All taxpayers are at risk and in 2008/2009 HMRC collected an additional £12billion through compliance activities.

Should you wish to discuss our tax investigation service in more detail please feel free to get in touch.

Changing Accountants

Changing your accountants can seem a potentially arduous process, fraught with difficulty and red tape.

The reality is that a standard protocol does exist within the industry for enabling the switching process. The only things a client has to do are:

+ Write to their existing accountants informing them of their to decision to appoint new advisors
+ Pay any outstanding fees with their existing advisors

If you are thinking of changing your accountant, there are likely to be various reasons, such as:

• High fees or receiving unexpectedly large bills
• Poor communication
• Only hearing from your accountant once a year
• Receiving only a limited service with little commercial insight and direction
• Advice that is difficult to understand or realise
• Dislocation of service

Whatever your reason for considering a change of accountant, why not consider our service offering.
We can offer you:

• A fixed annual fee, payable in monthly instalments without an interest charge
• A client tailored service from one point of contact
• Regular communication, with a guaranteed call from us at least once a month
• A modern approach and service offering, running from tax and accounting compliance through to web design and internet strategy
• Ongoing commercial support and direction with a partnering approach
• Access to a broad business experience base, we’ve worked both sides of the fence, advising and working within small owner managed businesses through to the top 100 FTSE.

So if your thinking of changing your accountant why not give us a call for a free no obligation discussion on 0121 270 6305 or contact us here.

Starting out in business?

Starting a new business is a huge step for many people, the confidence factor playing a major part in their decision to take the plunge. Having inspiration from family members and pier groups can help deliver this confidence. Planning and deliberating carefully the potential challenges of self employment can also be another major source of confidence.

Preparedness is a vital factor for delivering success within new start ups. Blossom Stream Limited prides itself on helping new businesses and self employed people attain the levels of preparation necessary to be a success.

Start up preparation comes in many forms, such as the obvious ones like having a business plan to the more abstract kinds such as formulating strategy, developing unique selling points and commercial approaches which outperform the competition. Our experience within business can help you marry the legislative requirements of starting up with the longer term commercial nous needed to stay ahead and stay profitable.

Here are some typical examples of how we can help you on the start up journey and going forward :

• Deciding on what legal form to assume
• How to extract profits in the most effecient way
• Building a robust financial system that can withstand the rigours of a potential tax investigation
• Navigating through employment law and establishing a payroll sytem
• Securing and pitching for external sources of finance
• Developing unique selling points
• Expanding your service and product offering
• Using cost effective marketing techniques
• Punching above your weight
• Being innnovative and new
• Implementing a website you can publish and manage content through yourself
• Building a sustainable and lasting business you can pass onto your children

These are just a few of the ways we can help you.

As a start up or existing business you should also consider the durability of your advisors. Of paramount importance, is having a qualified business professional on the other end of the phone, who won’t charge you a fortune, and be there for you in the longer term.

If you are starting up in business or thinking of switching your accountants, why not give Blossom Stream Ltd a try now and see how we can help to make your business a success. Call us now on 0121 270 6305 or contact us here