Fee Protection Bookkeepers Decide Scheme

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Solar Insurance Services (Medway) Limited is authorised and regulated by the Financial Conduct Authority under the reference No. 459582

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Fee Protection Insurance for Individual Clients


This scheme is designed for those bookkeepers who wish to protect one or two of there clients only. We would issue the documents directly from our site to the email address declared in the contact details of this site.

These products are a sample of our retail offering and can be paid for by Card or BAC.

If you require more than one or two clients protecting , then please see our full client decide scheme, click here for more details. 

Useful Information

Click the topic below to expand the section

Accountants hourly rates explained

Our policies protect 3 different options for an Accountants hourly rate
• Upto £150 per hour (option 1)
• £150 - £200 per hour (option 2)
• £200 - £300 per hour (option 3)
If you know that your Accountant charges £175 per hour then you should select option 2, if they charge £250 then you should select option 3
If your accountant charges £325 per hour you have two options
You can take out option 3. The policy will pay the first three hundred pounds per hour of a claim and you can pay the difference direct to your accountant or you can call us direct for a quote to cover the whole £325 per hour
We appreciate that many accountants charge a relationship fee to look after your affairs and as such do not ‘publish’ an hourly rate. The majority of our policies are issued at option 1, so will cover upto £150 per hour. If your accountant at the point of enquiry tells you the rate will be £175 the shortfall can be made by you. Cover will not be excluded because the hourly rate selected is too low

What is covered by the policy?

The cover provides representation costs incurred by your Accountant, for up to £75,000 in any one claim, arising from:
  • Income Tax Self Assessment aspect and or full enquiries*
  • Corporation Tax Self Assessment aspect and or full enquiries
  • H M Revenue & Customs VAT disputes
  • Employer compliance disputes PAYE/ P11D/ NIC
  • IR35 disputes
  • Now covers business's with an annual turnover of up to £5 million
  • Fees incurred by your accountant attending meetings with H M Revenue & Customs (HMRC) or responding to correspondence from HMRC when you are subject to an HMRC check, enquiry, visit, meeting or dispute.
  • Includes professional fees incurred in respect of local review of the enquiry and preparation and representation at an appeal to a First-tier Tribunal or Upper Tribunal.
  • Cover is included for directors/partners personal returns and also applies even if you have income that does not generate from the business, there are some limitations to this income so please call for full details.

I have done nothing wrong, why should I worry?

Why should I worry about a tax enquiry?

Most enquiries are generated by computer "risk profiling" and many are selected completely at random.
As a result, HMRC sometimes picks the wrong target. Even if you have done nothing wrong, the taxman will not give and still try hard to find errors.

Which policy do I need?

Your Tax circumstances will place you in one of eight categories from a private policy at the lower end to a ltd Company or Partnership with turnover between £150,000 and £5,000,000 at the upper end. (if you turnover in excess of £5M just call us direct for a quote)
Which category do you fall into from the following
  • Individual Self Assessment
  • Sole Trader with a turnover of less than £83,000 per annum
  • Sole Trader with a turnover of less than £250,000 per annum and not registered for VAT
  • Sole Trader with a turnover of less than £250.000 per annum and registered for VAT
  • Sole Trader with a turnover of more than £250,000 but less than £5 million
  • Ltd/Partnership with a turnover of less than £150,000 not registered for VAT
  • Ltd/Partnership with a turnover of less than £150,000 registered for VAT
  • Ltd/Partnership with a turnover of more than £150,000 but less than £5 million
Once you have selected your correct status all you need to do now is select your possible accountants hourly charge out rate. (please see our guidance to this under 'Accountants hourly rates explained'

What powers do HM Revenue & Customs now have?

As of April 2009 HMRC have been able to visit business premises to inspect records covering all taxes including corperate, income, PAYE, NI, Captial Gains and VAT. They can now also issue written queries before you have even submitted your annual returns.This is a power they are now implementing more often.

Main Exclusions

  • Pre existing enquiries or disputes
  • The defence of criminal prosecutions
  • Investigations carried out by the Serious Civil Investigations Office
  • Investigations carried out under section 60 of the VAT act 1994
  • Costs incurred without Taxwise's consent

What is TAXWISE Plus?

TAXWISE PLUS : Is an insurance policy that will fully reimburse your accountants fees up to £75,000 if you are subject to enquiry by or dispute with HMRC.
A Solar Taxwise+ policy will enable your Accountant to:
  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant to defend your position robustly
  • Premiums are Annual Premiums.
  • Premiums are inclusive of 12% IPT.
  • Premiums and IPT are due in full in advance / at commencement of scheme.
  • There is a NIL excess on all policies.
  • Our cancellation terms are pro rata returns if policy not required mid term (assuming no claim on policy)
 

Tax & VAT Adviser Profiles - Here to Help

Elaine Wood
 
(Tax Consultant)
 
Elaine worked for the Inland Revenue for 23 years as both an Investigator and Technical Inspector followed by 10 years in private practice as a Tax Manager, gaining experience in all tax disciplines.

Marsha Haywood
 
(Tax Consultant)
 
Marsha began her career in tax 13 years ago working in the personal tax departments of 2 small accountancy firms
where she mainly dealt with sole traders, partnerships and OMBs. Having gained the ATT and CTA qualifications she
then moved to a firm of Chartered Tax Advisers working for the last 8 years as an Assistant Tax Manager in the
private client department where the majority of her clients were high net worth individuals.
 
Callum Masters
 
(Tax Consultant)
 
Callum joined the tax advisory team having worked in practice for the last 7 years for both Cooper Parry LLP in Leicester and PKF in Birmingham. Callum has a wealth of corporation tax experience ranging from charities / not for profit organisations to large international groups advising on all areas including capital allowance and group tax planning issues.
 
 
Caren Davis ATT
 
(Tax Consultant)
 
Caren is a former lecturer for the Association of Accounting Technicians, having worked for various education establishments and private business colleges. Caren spent a number of years working in the tax department of a small firm of chartered accountants as a Tax Senior. Caren specialises in Inheritance Tax and Trust Taxation.
 
Angela Robson ATT
 
(Tax Consultant)
 
Angela has worked in tax since 1995, working in the main in private practice as a Tax Manager where she has gained experience in all areas of accountancy and taxation, and has dealt with clients ranging from high net worth individuals to owner managed companies, sole traders and partnerships.
 
Vanessa Glenn
 
(Tax and Claims Consultant)
 
Vanessa has worked for HMRC for 21 years, working on Tax Credits and Income Tax full and aspectenquiries and is an HMRC trained Inspector. Vanessa is part ACCA qualified and currently studying at the professional level.
 
Mandy Barlow
 
(Tax and Claims Consultant)
 
Mandy worked for HMRC for 17 years and was HMRC trained as a Revenue Officer working predominantly S9a and PAYE enquiries.
 
May Hung CTA
 
(Tax and Claims Consultant)
 
May has 11 years experience working for large practices, including Deloittes, PWC and Grant Thornton where she specialised in Private Client work, including financial planning (investments and pensions) and then personal tax and trusts, including a year in expat tax.
 
Janis Kirkham
 
(VAT Consultant)
 
Janis worked for 17 years in HMC&E covering both Customs & Excise and VAT disciplines finishing her time there as an Intrastat Specialist Officer. This was followed by 9 years as a visiting Audit Officer for VAT and Intrastat, inspecting a wide variety of traders ranging from the self-employed to multi-national group companies. A member of The Federation of Tax Advisors she is also currently studying for The Institute of Indirect Taxation exams.
 
Sheryll Northern
 
(VAT Consultant)
 
Sheryll started her career in VAT 17 years ago, with 6 years at HMRC as an officer carrying out assurance visits to VAT registered businesses. Thereafter she has worked in private practice and in industry encompassing most VAT aspects.
 
Nick Lovatt
 
(Tax Consultant)
 
Nick joined Taxwise having gained a number of years experience working in practice for medium and large accountancy firms including Grant Thornton, Moore Stephens and RSM Tenon. He has worked as a tax consultant in both private client and corporate tax providing compliance and advisory work for a wide variety of clients including high-net worth individuals, OMBs, charities and multi-national companies. Nick's advisory work included Capital Allowance reviews, share valuations and corporate restructuring.
 
Jane Deeks
 
(VAT Consultant)
 
Jane started her career as a graduate trainee at Price Waterhouse Coopers over ten years ago. Since then Jane has worked for Ernst & Young and KPMG, as well as a smaller tax practice. Jane's VAT experience ranges from advising multi-national organisations through to owner managed businesses. Jane has experience in relation to land and property, education and international VAT and is CTA qualified.
 

Can anyones tax affairs be scrutinised by HMRC?

Anyone that pays tax can come under scrutiny. Every year, HMRC opens enquiries into thousands of personal and business tax returns and accounts. VAT and PAYE payments are also thoroughly checked. The aim in every case is to collect more tax.
A proportion of cases will be selected for full enquiry on an entirely random basis as part of the Error and Fraud Analysis Programme (EFAP). The selection will be carried out by Head Office from across the entire tax credits population. These cases are known as EFAP enquiries.