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Tax Firm to the Stars…Faced With £50 Million Bill From HMRC

When you do the books for celebrities such as Andrew Lloyd Webber and David Beckham then you expect a bit of the limelight.

It comes with the territory…celebs = red carpets and camera’s flashing, plus millions of pounds going through their bank accounts. You expect a bit of that to rub off on you.

A tax firm that goes by the name Ingenious Media no doubt expected that when people such as Mr Beckham walked into their offices and handed over his accounts.

“I have 1 column for income and 1 column for expenses,” he could have said, and although that is certainly a simple system, it still pays to have experts go over everything and check the numbers are in order.

Just like the accountants and tax firms listed right here at Contractor Accountants DOT Com. They are all methodical in their approach, and even when doing the books for footballers and musical stars, they treat them just like your ordinary contractor.

It doesn’t matter if you have 100 caps for England or 100 Grandad caps in your sock draw…our recommended contractor accountants will treat you all equally and fairly.

Back to the story and it appears that Ingenious Media have been accused by HMRC of helping their famous and wealthy clients pay less tax…using loophole tax breaks by investing in the British Film Industry.

That sounds above board, you would think, but according to HMRC it is far away from being above board.

In fact, they are accusing Ingenious Media of being downright under hand, to the point where they are now demanding $50 million quid in cash, directly into their bank account. No cheques allowed.

Not one to back down, Ingenious Media are fighting back against the allegations and are expected to take the matter into a court of law.

Who knows which side of the hammer a judge will slam down when giving out the verdict? The one thing I do know is that I’m sure they will consider all of the facts and evidence before coming to a decision

It seems the famous are always in the news when it comes to tax, doesn’t it? Especially footballers.

Who can forget Lionel Messi and his messy tax situation, or Ronaldo and his brush with Spanish authorities. They both nearly ended up in prison of course, but they paid a fine instead.

Fortunately our main man Wayne Rooney is well out of this now. Sure, he’s had his tax problems in the past, but now he is at the other side of the Atlantic and keeping his tax affairs all above board.

Apparently when he arrived in Washington DC he said to his wife, Coleen…

“Here we are in Washington…let’s go and visit Donald.”

“Donald Trump?” she replied.

“No silly…Donald Duck!”

No matter which Donald our man Rooney eventually meets…as long as he sticks with Contractor Accountants he will be just fine.

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