Fee Protection Insurance

Fee Protection Insurance

Fee Protection Insurance at Heriot Hughes

The benefits of Fee Protection Insurance

Fee Protection Insurance safeguards your business from the unforeseen expenses arising from HMRC investigations. These enquiries can escalate to costs of thousands, even hundreds of thousands of pounds. With this insurance, you have the comfort of knowing that the costs your accountant incurs during the investigation are taken care of, providing significant financial reassurance.

Significant Cost Savings

Fee Protection Insurance covers tax compliance investigation costs, potentially saving your business up to six figures in accountant fees during such events.

Peace of Mind

Enjoy peace of mind knowing that Fee Protection Insurance secures your financial stability during HMRC investigations, regardless of your business size.

Protection from HMRC Investigations

No business is immune to HMRC scrutiny. Our insurance ensures you're prepared for investigations, covering Aspect and Detailed investigations.

How far back can HMRC investigate?

The HMRC investigation time limit is 4 years if an innocent error is suspected, however where mistakes in tax returns are deemed careless or negligent, the window extends to 6 years. If HMRC suspect deliberate tax evasion they have the powers to increase to a period of up to 20 years.

Financial Support

Gain confidence with Fee Protection Insurance, ensuring that even substantial accountant fees, potentially reaching tens of thousands, are fully covered during extensive tax investigations.

Additional Cover

In addition of the Fee Protection our policy also provides Health & Safety and Employment law advice.

Need a trusted Chartered Accountant?

We are dedicated to providing friendly, efficient, and courteous service that exceeds your expectations. Our team actively listens to your needs and communicates promptly and thoroughly.

We Help With:

Preparing for HMRC Reviews

Preparing for HMRC Reviews entails thorough assessment and organisation of your financial records. Our accountants work closely with you, requiring detailed transaction data, tax returns, and financial statements. This preparation ensures that your accounts are accurate and compliant, ready for any HMRC scrutiny. The outcome is a streamlined review process, minimising the risk of discrepancies and ensuring a smooth, hassle-free experience during HMRC evaluations.

Communicating with HMRC

Our accountants act as your liaison, ensuring clear, accurate, and timely responses. We require your financial information and specific details of any inquiries. With this, we effectively communicate on your behalf, addressing HMRC’s queries and clarifying your financial position. The outcome is efficient resolution of issues, reduced risk of misunderstandings, and a smoother interaction with HMRC.

Preventative Measures Against Penalties

This involve proactive steps to avoid financial sanctions from HMRC. Our accountants analyse your tax returns and financial records, which you need to provide. This thorough review ensures all declarations are accurate and comply with current tax laws. The outcome is a reduced likelihood of incurring penalties, ensuring your business remains in good standing while maximising financial integrity and compliance.

Tax Fee Protection

Why invest into Tax Fee Protection?

Tax Fee Protection offers financial security against unexpected costs arising from HMRC enquiries, ensuring peace of mind during tax investigations.

1

Protect Yourself from Enquiries

HMRC investigations may occur unexpectedly and without specific reasons at any moment.

2

Tax Investigations

HMRC intensifies enquiries to raise taxes for covering substantial COVID-19 pandemic expenditures.

3

Enforcement Measures

Enforcement Measures - HMRC scrutinizes to confirm proper use of COVID-19 economic support measures.

4

Expert Representation

Our expert representation in enquiries saves time and money for you in the long term.

5

Fee Clarity

Normal fees exclude costly enquiry handling; Tax Fee Protection covers HMRC enquiry costs.

More Benefits of Tax Fee Protection

What’s in it for me?

This protection also offers an additional complimentary access to telephone-based business support lines, providing essential advice for business clients, available to all who subscribe and require it.

Employment Law

Get advice on performance, absence, TUPE, redundancies, holidays, grievances, discipline.

Health and Safety

Receive expert advice on risk assessments, fire safety, first aid, RIDDOR, and related safety matters.

General Legal Issues

Expert advice available for a range of UK personal and commercial legal issues, tailored to individual and business needs.

Why Choose Us

Helping you make more, keep more and work less

Heriot Hughes are accounting specialists and everything is explained in the simplest possible terms so you can make informed decisions.

Our team are experts in handling daunting or complex accounting problems on your behalf, making the process super clear and simple. You then have more time to focus on what you do best, running your business.

Trusted Chartered Accountants

Pro-active Business Advice

Clear and Transparent Pricing

Free Consultations

Testimonials

What Our Clients Say

Our clients’ satisfaction is our top priority, and we take pride in delivering exceptional service that meets their needs. We have had the pleasure of working with a diverse range of businesses, from startups to established companies, and have helped them achieve their financial goals through our expertise.

'Heriot Hughes were recommended to me by another of their clients over a year ago and I couldn't be happier with the services. The whole team is patient, friendly and most of all they know how to help and support a small business like mine, with quite a complex accounting process. They have made the transition from Sole Trader to Limited company seamless and I look forward to collaborating with them in the years to come.'

    Fiona Cross

    Fiona Cross Limited

    'Getting advice is easy, but getting the correct advice is harder to achieve. Using Heriot Hughes as our accountant before and throughout the sale of our business, helped us to maximise the sale price and allowed us to complete in the most tax-effective way. They understood the due diligence process fully, enabling us to prepare, by collating all required information reducing the stress when the due diligence process took place.'

      Stan Hicklin

      Northwest Education & Training Limited

      'I'm always left feeling that I've had an excellent job and that no stone has been left unturned in his efforts to help me. Perhaps what I like most about John is that he is a real person, not only efficient and reliable but also approachable, friendly, genuine and ethically sound... and that matters to me. First class!'

        Bob Dixon

        Settled Mind Limited

        'Heriot Hughes have undertaken the audits of several of our grant applications and turned the work around within the tight timescales required. They were extremely professional in their approach and met all the requirements in order for the college to fulfil it's obligations.'

          Sue Ward

          Stanley High Sports College

          Frequently Asked Questions

          Common questions asked by prospective clients.

          Accounts and tax can be complicated and you're likely to have lots of questions. Many questions will be specific to your circumstances, so please do get in touch with us for a free consultation so that we can give you tailored answers.

          Choosing an accountant for your business is a very personal decision as your accountant will get to know your business inside-out. You need someone you can trust.

          We believe the best way to see if we’re the accountant for you and your business is to schedule in a discovery call or meeting so that you can meet the team and see if we’re a good fit for each other.

          We work with individuals and businesses of all types, and we are extremely proud of our client feedback.

          If you’re looking to change accountants, then moving over to us couldn’t be simpler. All it takes is one letter from you and then we take care of everything else.

          Is your current accountant pro-active? Do they provide an excellent service and offering you a fair rate? Are they easily contactable, flexible and offer unlimited contact at no additional cost?

          If you answered ‘no’ to any of these questions, or just want to explore your options, then give us a ring. We offer a free no obligation consultation there’s no need to make any rushed decisions.

          Our team goes beyond traditional financial reporting and compliance tasks to actively anticipate and address the financial needs of our clients. Instead of simply reacting to financial data and transactions, our team takes a forward-thinking approach to provide valuable insights, strategic advice, and proactive solutions.

          We understand that price is important to our clients. That’s why we provide clear, transparent, and consistent pricing. Our prices are competitive, and a reflection of the quality accounting services we provide.

          Every client is different, so we start by arranging a free, no obligation call to understand more about you and your business. We will ask about your current situation and your future goals, along with any challenges you are facing. Once we understand the level of support you need, we then send you a detailed proposal outlining our fees and services, so you know exactly what you are paying for.

          We do not quote low just to get your business for the first year and then raise the fees. We want you as a long-term client who trusts us to do what we say we will do at a fair price.

          We send you a proposal based on what we anticipate being a fair fee for the services and value provided. We do conduct annual fee reviews but would only anticipate normal inflationary increases if the work involved remains the same.

          We spread the cost of our accountancy services over the financial year to assist with your cash-flow.