Case Studies

Mistakes in tax returns

Mistakes in tax returns

The initial problem A taxpayer made some mistakes in his tax returns (filed under self-assessment) by omitting a P60 and some P11Ds and by being oblivious to the High Income Benefit Charge (HIBC). Although it is obviously always wrong to omit a P60 from a tax return,...
When tax advice goes wrong…

When tax advice goes wrong…

This is an updated version of a previous case study of September 2020. Mistaken tax advice given in innocence An individual approached us at SME Strategies in some despair. He and his wife had been given tax advice by a previous accountant to move rental properties...
HMRC enquiry into undeclared overseas income

HMRC enquiry into undeclared overseas income

A taxpayer approached us through a mutual contact after receiving a letter from HMRC saying they were opening an enquiry into personal undisclosed overseas income. The client’s own accountant was not familiar with HMRC enquiries into overseas income and suggested a...
Independent examination of Suffolk charity

Independent examination of Suffolk charity

The project A charity (a church with an outreach programme) registered with the Charity Commission approached us as they needed an independent examination of their accounts. They also needed assistance in preparing their annual accounts in accordance with FRS 102 and...
Let Property Campaign – Reasonable excuse?

Let Property Campaign – Reasonable excuse?

The challenge An individual, we’ll call her Becky, approached us at SME Strategies having read a blog we wrote on undisclosed rental income and HMRC’s Let Property Campaign. Becky had a rental property owned in her sole name but which was managed by her former...
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