Welcome to Tax Driven Accountants - Other

Compliance

Tax Driven Accountants are able to provide a range of compliance services to support all aspects of business administration. Our tax advisors can help you by making sure accounts are prepared in the correct format, statutory books and other company secretarial records are kept up-to-date, and that all statutory returns are prepared. Our experienced team will relieve you of the regulatory burden and leave you more time to concentrate on your core business activities. In short, we will make sure everything is in the right format, in the right place and at the right time. Clients can rest assured that they’re in the company of tax advisors with years of experience and a specialist in small business accounting in St Asaph and across the UK.

Our range of compliance services includes:

• annual accounts
• company secretarial services
• payroll procedures including Real Time Information and Pensions Auto Enrolment compliance
• tax returns and
• grant claims

Consultancy and systems advice

Your professional and personal goals are central to our consulting services; we take the time to get to know you better so we can offer the best advice.

Management consultancy

Our management consultancy service can review your credit control, stock control, budgeting and financial reporting systems and allow you to take full control of these key areas of your business. We can also help you address specific problem areas in your business such as gross profit, cost control and stock valuation.

Effective management information will allow you to seize opportunities when they arise or identify problems quickly so you can take effective corrective action.

Information technology

Information technology (IT) is one of the key resources available to every business to achieve its short and long-term objectives. At Tax Driven Accountants, we use the latest cutting-edge technology.

Our expertise enables a complete range of services to be offered, including:

• software selection
• management reporting solutions and
• payroll systems

If you are spending too much time writing up books, typing invoices and chasing debts we help to take control by computerising your accounts system. We can help you to make the best use of IT resource to produce financial information that is accurate and appropriate for running your business effectively. With the correct accounting software you will save hours of hard work leaving you more time to deal with the more important areas of the business.

In short, whether you are investing in new technology, reviewing existing systems or have simply outgrown your current resource, we can help.

Pensions & Investments

In today’s complicated and strictly regulated financial services market, providing independent financial advice requires specialist knowledge. We make use of our wide range of professional contacts to ensure you have a suitable independent advisor and we work with them to provide you with impartial advice in areas such as:

• Pension schemes / Auto Enrolment
• Life assurance
• Critical illness cover
• Private medical insurance and care plans
• Individual savings accounts and
• Investments
• Retirement planning

Are you approaching retirement age and unsure of what to do with your hard-earned savings? Or need help with growing your money over a long-term period? Our pensions and investments team can help! Alongside many other services, we have a panel of independent financial advisors if you need any advice on the above.

Support service

The combination of your business knowledge and our support services will help your business to grow and increase profitability.

Liaising with banks and institutions

We offer support when liaising with banks and other financial institutions. Drawing on our wealth of experience we can support our clients through this often daunting experience.

Taxation

As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law. We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way, as our strapline says, we are committed to driving down your tax.

Corporation tax services

Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist with the calculation of any quarterly instalment payments due.

The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.

Personal tax services (including sole-traders and partnerships)

We are specialists in income tax, capital gains tax and inheritance tax.

Self Assessment

We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax and the planning opportunities available to you. Over recent years HMRC have increased the penalties for failing to file a return on time and for errors. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.

Personal tax planning

Everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.

Estate planning

Few of us like to think about dying; however the relevant legislation requires us to plan well in advance. This means making the necessary provisions now. There are many tax opportunities available and the earlier arrangements are made, the greater the chance of taking full advantage of our complicated tax system.

It is important when planning to transfer an estate that adequate provision is made and getting the right balance requires considerable skill and foresight – along with a detailed knowledge of the current tax regime.  We provide a discreet comprehensive estate planning service that includes:

• making full use of exemptions and lower tax rates on lifetime transfers
• optimising lifetime transfers between family members
• transferring agricultural or business property
• transferring assets into trust
• arranging adequate life assurance to cover potential inheritance tax liabilities.

Trusts

We also have expertise in dealing with trusts; a very tax efficient way to set aside assets for future beneficiaries outside the inheritance tax net. We can advise on the most suitable type of trust to fulfil your wishes, assist in setting up the trust and provide the full range of accounting services required for trust management.

VAT

Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process.  We can help to ensure that you comply with the regulations and that overpayments are not made. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:

• assistance with VAT registration
• advice on VAT planning and administration
• use of the most appropriate scheme
• VAT control and reconciliation
• help with completing VAT returns
• planning to minimise future problems with HMRC
• negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.

HMRC Investigations and Enquiries

Being the subject of a tax investigation or enquiry by HMRC can be a stressful and worrying experience. We have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual’s Tax Return, more detailed enquiries into a company’s affairs or employer-related investigations into PAYE and P11d compliance. If you are the subject of an investigation, we can provide expert help and support.

Tax protection

With the increased risk of such investigations, our fees include tax protection as standard. This takes the hassle and the worry out of any HMRC investigations.