I don’t think I can pick up a paper these days without seeing another article about expense payments and whether they are bona fide. The latest if you haven’t caught it relates to the Directors of Liverpool Football club, claiming millions relating to travel, and legal expenses. This is on top of MPs claiming for accountancy fees – where is it going to end you may ask? Well companies are sitting up and taking note. At EICG we have had a number of companies contacting us regarding carrying out a compliance audit where we look at expenses, benefits, PAYE NI etc. This then enables them with our help to have proper compliance procedures in place. This serves a number of purposes whether it be to ensure that their procedures are up to date, that employees and directors are not claiming what they shouldn’t or just as important these days to avoid an Inland Revenue investigation or HMRC enquiry.

So, can you put your hand on your heart and say that you are fully aware of what is going on in your company – if not and to be honest how could you then your not alone so get in contact with us at EICG