A letter arriving from Revenue notifying you of a Revenue audit will probably make your heart pump a little faster. However, for most businesses there is nothing to worry about. Nonetheless, it’s important to understand the process and how best to manage it. The below covers what will be involved and what you should do. What is a Revenue audit? This is a process where Revenue will check your company’s tax returns and compare them to your tax records. Therefore, it’s important to keep good business records. For our clients this normally means Xero. If Revenue do send that [...]
2020 has been a year of Global turmoil. For many businesses, the focus has rightly been on meeting the challenge of Covid 19 head on to keep their business afloat until the tide hopefully comes back in again in 2021.