Heslington, England -- (SBWIRE) -- 11/29/2016 -- The BBC have recently released a new blog stating that accountants are now facing tougher penalties if they help their clients bend the rules in order to gain them tax advantages. Currently it is only the clients which are facing penalties for tax avoidance, however the Treasury have now proposed that people who advise the clients to do so will also going forward be facing the same penalties.
Accountants can help businesses grow, that is why many of their clients are business based. They provide their clients with financial advice and legal structure. When companies expand they're able to give advice on what is best to do and also continue to manage their finances which helps relieve pressure and stress. Accountants are highly recommended for small businesses, especially if they want a loan from the bank, this is because the accountant can provide the bank with the companies' financial status, showing them that the company is able to pay the loan back.
A spokesperson from leading chartered accountants Atkinsons was keen to comment saying, "We advise people who want an accountant to ask questions and research before jumping into hiring someone, by doing this you will avoid accountants which commit illegal activities, such as the ones which have been caught advising people on tax avoidance. It is a great shame that this has happened, not only does it look bad on the accounting profession but also shows how some can abuse their power. Here at Atkinsons we provide our customers with a 5-star service, helping them with their finances every step of the way, legally."
Atkinsons is a leading UK accounting firm that provides a range of services.
For further information you can visit their website: www.atkinsons.uk.com
Company Name: Atkinsons Chartered Accountants
Contact Person: Peter Atkinsons
Adddress: The Innovation Centre, Innovation Way Heslington, York, YO10 5DG
Telephone: 01904 567867