Whether you're interested in the smaller business community, are planning to start a business or have an existing business, we have a package for you.
Our most popular package is FSB Business Essentials which includes a whole range of benefits and products designed to make your business fly
A suite of legal benefits including a dedicated helpline, bundled insurance products and a range of online information to keep your business safe. Plus a whole range of negotiated benefits to help save you money and win business.
Our Business Creation package is designed to make starting a business simpler, allowing you time to focus on what's important - making it a success.
Specialist company formation benefits, access to FSB networking, business banking and a range of products to help get you setup in business.
Joining FSB Connect is free and is a great way to be part of the FSB Community and have your voice heard.
You'll be able to access specialist networking events with like-minded members of the community and have your say in our Big Voice survey panel.
Whatever your circumstances, we have a package to suit you and your business. Click the button below to see which benefits are included in each package and start your FSB journey.
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We represent a diverse range of businesses from retailers to marketing agencies and just about everything in between. Take a look at more member stories and see how we could help your business fly.
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We offer three packages to suit your business needs. Joining FSB Connect is free, our Business Essentials package starts at £172.50 in the first year and our specialist Business Creation package has a fixed price of £129.
Tax investigations can be incredibly costly, with various elements adding up to create a financial headache for small business owners.
We explain where the different fees can come from, and how your business can protect itself from running into financial difficulty as a result of a tax investigation.
While it might not seem like a financial cost at first, a tax investigation can eat up a large portion of your time which will have a cost implication.
You will often be called upon to provide additional information during the investigation, working alongside accountants and other financial specialists to respond to requests. Completing these tasks can keep you away from your business.
If you’re part of a small team of salespeople or a sole trader for example, this could severely hamper your business and your ability to work - your ability to sell, offer services to customers and, ultimately, make money.
Putting steps in place to help protect your business can help you get through this process smoothly and help to keep your business afloat during a tax investigation.
A tax investigation is carried out to calculate if you owe any money to HMRC and how much that is. That repayment can vary depending on the findings of the investigation.
You should also be aware that any repayments you make could be subject to additional fines – especially if the errors in your original tax return were found to be avoidable or deliberately misleading.
Penalties are based on the reason for the error occurring, such as late or inaccurate payments. More serious reasons can incur a much higher penalty.
For example, if you have provided a tax return that contains a deliberate error, you could be asked to pay a penalty that ranges between 20 and 70% of the extra tax you are required to pay.
This is why accuracy is so important when reporting your finances. Should you owe a large amount in back taxes, then be required to pay a large additional penalty on top of that, because of providing inaccurate information, this could potentially cause problems with your business’s finances.
On top of back pay and penalty fees, you should also take into consideration the additional cost of getting help to deal with your tax investigation.
You might need a specialist to help you work through financial issues in a certain area. This could include a VAT specialist to help you calculate whether you made accurate payments or not.
You should also factor in the general accountancy bills that might build up through the investigation. In some cases, these additional fees can be significantly more than the amount you’re being asked to pay HMRC.
These additional fees, penalties and back payments can mean that your business stands to take a significant financial hit at some point. This can cause a great deal of stress, especially in a lengthy investigation where you’re waiting on a final fee from HMRC, all the while utilising an accountant who has on-going fees to be paid.
FSB provides automatic access to tax investigation advice and insurance as part of its Business Essentials package. This helps to protect you and your business from high costs if you’re subjected to an investigation by HMRC.
The service provides access to a number of benefits, including:
To learn more about tax investigation, or how our service can benefit your business, please visit the FSB Tax Investigation Protection page. Alternatively, visit our package comparison page to see other benefits of our packages and how FSB could help your business thrive.
Tax advice & investigation protection from the FSB
National Federation of Self Employed & Small Businesses LimitedSir Frank Whittle Way / Blackpool / FY4 2FE. National Federation of Self Employed & Small Businesses Limited (FSB) is registered in England, number 1263540