HMRC Audits

Prime Accountants is the leading firm of independent chartered accountants in the West Midlands and experts in helping businesses prepare for an HM Revenue and Customs (HMRC) audit.

We cut through the jargon so you can concentrate on running your business.

What is an HMRC Audit?

An audit from HMRC, also known as a tax audit or tax inspection, is a review of your business’ tax affairs. HMRC will inform you or your accountant by letter if your business is to be audited. As specialists in supporting businesses through the HMRC auditing process, our experts will help you prepare, attend the audit and provide advice once you receive the results of your inspection.

Our corporate accountant services simplify the complex to help you understand your obligations every step of the way. During an inspection, HMRC may review the following:

  • Any taxes you pay
  • Self-Assessment tax returns
  • Company tax returns
  • Accounts and tax calculations
  • PAYE records and returns
Do you need support to prepare your business for an HMRC audit? Prime Accountants employs a specialist team to help businesses in the West Midlands.

Simplify HMRC Audits with Prime Accountants

It’s our highly-skilled team, personalised approach and attention to detail that sets Prime’s corporate accountant services apart. Our specialist team of high-calibre accountants support and guide more than 80 clients through their HMRC audits every year.

Our experts are highly skilled and highly knowledgeable, with extensive experience in preparing businesses of every size for audits. In fact, Prime go above and beyond for our clients by using your audit as an opportunity to gain fresh insight into your business.

Who Does HMRC Audit?

While the majority of HMRC audits are just a formality, you are more likely to be audited if there are inconsistencies in your returns, your returns are consistently filed late or if you are suspected of underpaying tax.

If your business operates in an industry that HMRC considers to be high risk – with most payments made in cash, for example – then you are more likely to be audited. Generally, businesses can expect an audit once every five years.

Do you need support to prepare your business for an HMRC audit? Prime Accountants employs a specialist team to help businesses in the West Midlands.

Cut Through the Jargon of Audits

Are you looking for support to help you prepare your records for an HMRC audit? Our team of specialists are here to help. Contact us today to find out how we can simplify the complex for you or learn more about our corporate accountant services, including audits, regulation and tax planning.

Contact Us

We are a large enough firm to offer a range of specialist services and proud to do so while retaining a personal approach. We create bespoke packages for clients to meet their needs. Let’s discuss your accountancy requirements and a service level we could provide you and your business.

Prime Accountants are experts in every lifestage of your business.

How can we support your ambitions and challenges?

Starting a Business

Creating a new venture, developing an idea, setting up operations, and navigating the challenges of entrepreneurship.

Buying a Business

Acquiring an established company, taking over its assets, operations, and liabilities, offering a shortcut to entrepreneurship.

Growing a Business

Expanding overseas, cashflow problems, raising finance, increasing customers and profits, strategic planning, marketing and efficient management for sustainable success.

Succession Planning

Preparing for the future, identifying and developing individuals to fill key roles when current leaders retire or leave.

Exiting a Business

Closing or selling, wrapping up operations, settling financial matters, and potentially transferring ownership or assets.

Selling a Business

Finding a buyer, negotiations, transferring ownership, finalising financial details.

Prime Accountants are experts in all Lifestages of your business.

How can we support your ambitions and challenges?

Starting a Business

Creating a new venture, developing an idea, setting up operations, and navigating the challenges of entrepreneurship.

Buying a Business

Acquiring an established company, taking over its assets, operations, and liabilities, offering a shortcut to entrepreneurship.

Growing a Business

Expanding overseas, cashflow problems, raising finance, increasing customers and profits, strategic planning, marketing and efficient management for sustainable success.

Succession Planning

Preparing for the future, identifying and developing individuals to fill key roles when current leaders retire or leave.

Exiting a Business

Closing or selling, wrapping up operations, settling financial matters, and potentially transferring ownership or assets.

Selling a Business

Finding a buyer, negotiations, transferring ownership, finalising financial details.

Our Structured Approach

We apply a structured process to the advice that we provide to ensure that you receive consistent and appropriate planning which, at every stage, is in keeping with your short, medium and long term goals.

Discovery Meeting

At this meeting we look to understand your current circumstances and your future goals… Read More

Research

Once we have an outline of your existing circumstances, policies and investment products… Read More

Inform And Discuss

This is where we present our findings together with our initial considerations.

Refine And Agree

Having received your feedback from our initial proposals, we will now refine and present a solution to you… Read More

Implementation

Once the proposed advice has been agreed we will proceed to the implementation stage… Read More

Review

We will agree an ongoing service standard with you to meet your current and future expectations… Read More

Our Heritage

Prime Accountants Group has proudly grown from its humble beginnings into a pillar of the Midlands business landscape. With offices in Coventry, Solihull, and Birmingham our firm’s roots run deep, reflecting a commitment to excellence that spans generations.

Meet the Team

Our professionals bring a wealth of experience in accounting, taxation, and financial advisory services. Committed to client success, our team is known for its proactive approach, innovative solutions, and a collaborative spirit. Your success is our priority.

“A professional & friendly company who invest time to understand our business, needs and aspirations whilst at the same time providing an invaluable service to our organisation.”

Feedback from a Prime client as part of our client satisfaction survey

“I work with Prime because they fully understand our business needs, having seen us develop over the years our long business relationship is built on trust and loyalty.”

Feedback from a Prime client as part of our client satisfaction survey

“Adrian Pym was invaluable in this matter and provided the expertise and support necessary to achieve settlement at a level that met with the client’s expectations.”

Feedback from a professional contact

“We have been clients of Prime Accountants for many years and have always found them to be most helpful, highly efficient and communicative. In particular we have regular dealings with their Payroll department which through the services of Adam Williams runs perfectly for us. When running a business it is so important to know one has strong support and ready available advice on hand which we have always received from Paul Guise and his team.”

Sandra Dickinson

“Prime are genuinely interested in the charity sector and the guidance provided has been impressive. Prime staff are helpful and we look forward to building on this relationship.”

Feedback from a Prime client as part of our client satisfaction survey

Our Specialist Sectors

Prime Accountants excels in serving diverse industries with tailored financial expertise. Our specialists navigate the unique challenges of each sector, offering precision in accounting, taxation, and advisory services. With a deep understanding of industry dynamics, we ensure that our clients receive strategic financial guidance that aligns with the specific needs and goals of their business. From healthcare to technology, manufacturing to hospitality, Prime Accountants is your trusted partner for comprehensive financial solutions, propelling businesses toward sustained success in their respective industries.

Property & Construction

Prime Accountants bolsters the property and construction sector by providing specialised accounting expertise. They optimise financial processes, ensure compliance with industry regulations, and offer strategic financial guidance, promoting efficiency, profitability, and project success.

Hospitality & Restaurants

Prime Accountants fortifies the hospitality and restaurant sector through adept accounting. They enhance financial management, control costs, navigate industry-specific tax nuances, and provide strategic advice, ensuring fiscal health, compliance, and sustained profitability for businesses in this dynamic industry.

Manufacturing & Production

Prime Accountants elevates the manufacturing and production sector by delivering specialised accounting proficiency. They optimise cost structures, streamline financial processes, navigate complex regulations, and provide strategic insights, fostering financial stability, operational efficiency, and long-term growth for businesses in this sector.

Transport & Logistics

Prime Accountants enhances the transport and logistics sector through expert accounting. They streamline financial operations, optimise cost structures, navigate regulatory complexities, and offer strategic insights. This ensures fiscal health, compliance, and sustained profitability for businesses operating in the dynamic transport and logistics industry.

Who We work with

Prime Accountants offers versatile support for businesses of all types and sizes. They optimise financial processes, manage tax intricacies, ensure compliance and provide strategic insights, fostering financial health, efficiency and sustained success across diverse business landscapes.

Small Businesses

Prime Accountants empowers small businesses with tailored accounting expertise. They manage finances, optimise tax strategies, ensure compliance and offer strategic advice. This support fosters financial stability, growth and overall success for small businesses navigating the complexities of their financial landscape.

Contractors

Prime Accountants bolsters contractors with specialised accounting expertise. They streamline financial operations, optimise project-specific budgeting, navigate tax intricacies and offer strategic advice. This ensures contractors’ financial health, compliance and profitability in the dynamic construction and project management environment.

Corporates

Prime Accountants empowers corporations with comprehensive accounting expertise. They manage financial complexities, optimise tax structures, ensure regulatory compliance and provide strategic insights. This support promotes financial health, efficiency and sustained success for corporations in diverse industries.

Charities

Prime Accountants fortifies charities with specialised accounting expertise. They navigate complex nonprofit regulations, manage funds effectively, ensure transparency and offer strategic financial guidance. This support fosters financial integrity, compliance and sustained impact for charitable organisations.

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Contact Us

We are a large enough firm to offer a range of specialist services and proud to do so while retaining a personal approach. We create bespoke packages for clients to meet their needs. Let’s discuss your accountancy requirements and a service level we could provide you and your business.