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You are here: Compliance  >  Tax Support  >  Tax File Reviews

Tax File Reviews

You’ve probably spent hundreds, if not thousands of pounds training your staff on how to produce tax returns and business tax computations, and keeping them up to date on issues such as the latest Finance Act changes; but that investment in tax training could be going to waste if you’re not checking the standard of your firm’s tax work.

  • Is your team putting what they’ve learned into practice or are they placing too much reliance on your tax software?
  • Are your clients receiving pro-active tax planning advice?
  • Do you have internal quality control procedures over tax work and are they being adhered to?
  • Are risks assessed in HMRC’s Agent Toolkits taken into account?

Tax is a key area where clients require and expect a high level service from their accountant. Our experience tells us that the level of service varies between firms, and between individuals within a firm. Enlist SWAT UK to undertake a tax review for you. We’ll report on the standard of your tax work and identify any areas that need additional training, helping to ensure you comply with Practice Assurance and the mass of tax legislation. 

We’ll also report on whether the risks assessed by HMRC in the Agent Toolkits are being effectively managed by the firm, enabling you to assist your clients in demonstrating that reasonable care has been taken in the preparation of their return, thereby reducing the risk of an inaccuracy penalty. 

What’s more, we’ll also look for ways to help you cut unnecessary costs, save time and enhance your client service through greater efficiencies and encouraging proactive tax planning. 

Tax cold file reviews can take a number of forms. Undertaken by SWAT UK's tax staff, we can look at the general tax work alongside the accounts work and/or the firm’s general procedures. We can also look at specific areas, such as trust work or capital gains tax computations.

For more information or to arrange a review, call us today on 0845 450 5555.