Are you or your company locked in a Revenue Audit that is dragging on and on? If so,
- Are you dissatisfied with the advice that is being given to you?
- Do you feel that your case is being mismanaged?
- Are you unhappy with the level of service from your tax advisor?
The potential cost of the Audit in terms of tax, interest and penalties can be considerable especially when you consider that every day’s delay can cost money. Revenue interest on underpaid tax is charged at the rate of 0.0219% per day or 8% per year so you can easily be working against a ticking clock. Indeed, when a case is allowed to drag on it’s not unusual to find that when settling the case, the interest cost exceeds the tax cost.
Something else that you don’t want is the drain on your time and resources at having to research transactions that are old and cold. None of this is pleasant.
If any of these circumstances apply we can provide you with an independent, expert second opinion. This could be the first step to putting your tax affairs back on track.
Our senior advisors between them have over 50 years’ experience in dealing with Revenue Audits. This experience has come from working both within Revenue and within the tax advisory profession. This experience has allowed us to analyse Revenue Audits quickly and advise on whether they are being handled correctly, whether a different approach should be adopted or whether they should be settled as soon as possible.
If you need our help, you should contact us on 021-4321321 or e-mail Dara Burke, Stephanie Kirby or Joe McAvoy on info@mcavoy.ie.
