A small retail service client, with a very poor compliance record – last 4 years accounts not submitted and determined tax assessments being demanded for payment, plus a poor VAT compliance record which meant a cycle of surcharges, interest, bailiffs calling, etc…
A renowned figure in the City and the fashion business with many interests including a joint venture with a major supermarket chain and a catalogue company, was suffering from inadequacies in their finance department and the catalogue business was losing money.
A new pet food wholesale business owned by our client suffered a bad debt of some £10,000. The client operated on tight funding - mainly because, in spite of advice, he expanded too quickly. As a result of the debt, he had to cease trading.
A wholesale soft drinks proprietorship business had specific inquiries on certain expenses in the accounts, particularly, vehicle expenses….with the Inland Revenue asking for detailed information including original vouchers.