• Address
  Unit 4,
  Ffordd Richard Davies,
  St Asaph,
  LL17 0LJ
• Telephone
  01492 588498
• Email
  stasaph@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  53 Madoc Street,
  Llandudno,
  LL30 2TW
• Telephone
  01492 868628
• Email
  llandudno@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  214 High Street,
  Prestatyn,
  LL19 9BP
• Telephone
  01745 851517
• Email
  prestatyn@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  4 St George\'s Crescent,
  Wrexham,
  LL13 8DA
• Telephone
  01978 447181
• Email
  wrexham@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  18 Chester Street,
  Flint,
  CH6 5NR
• Telephone
  01352 733402
• Email
  flint@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  33A Willow Street,
  Oswestry,
  SY11 1AQ
• Telephone
  01691 238050
• Email
  oswestry@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  24 Bodfor Street,
  Rhyl,
  LL18 1AU
• Telephone
  01745 337723
• Email
  rhyl@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  16 Conway Road,
  Colwyn Bay,
  LL29 7HS
• Telephone
  01492 532002
• Email
  colwynbay@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  33 Gerrard Street,
  Widnes,
  WA8 6BF
• Telephone
  01515383886
• Email
  widnes@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  12 High Street,
  Llangefni,
  LL77 7LT
• Telephone
  01248345198
• Email
  llangefni@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  125 Deansgate,
  Manchester,
  M3 2LH
• Telephone
  0800 999 1800
• Email
  info@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  83 Baker Street,
  London,
  W1U 6AG
• Telephone
  0800 999 1800
• Email
  info@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  3rd Floor, Arnott House,
  12-16 Bridge Street,
  Belfast,
  BT1 1LU
• Telephone
  0800 999 1800
• Email
  info@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  93 George Street,
  Edinburgh,
  Lothian Region,
  EH2 3ES
• Telephone
  0800 999 1800
• Email
  info@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  Fort Dunlop,
  Fort Parkway,
  Birmingham,
  West Midlands,
  B24 9FE
• Telephone
  0800 999 1800
• Email
  info@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

• Address
  Falcon Drive,
  Cardiff,
  CF10 4RU
• Telephone
• Email
  info@taxdriven.co.uk
• Web
  www.taxdriven.co.uk/

In order to make your business a success, there are a number of key factors which should be considered:

The required format of statutory accounts that small companies have to prepare and send to Companies House has changed. The nature of the company’s activities, the types of assets which it has and whether external scrutiny is required/desired will need to be considered.

We would be happy to assist you in providing specific advice for your company.

We summarise the self assessment rules and penalties for failing to comply with your obligations. At Tax Driven Accountants Limited, we can prepare your tax return on your behalf and advise you on payments that may need to be made to HMRC.

Under the self assessment regime an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time.

The Self-Assessment Cycle:

Tax returns are issued shortly after the end of the fiscal year. The fiscal year runs from 6 April to the following 5 April (thanks to the switch from the Julian to the Gregorian calendar in 1752), so 2021/22 runs from 6 April 2021 to 5 April 2022. Tax returns are issued to all those whom HMRC are aware need a return including all those who are self-employed or company directors. Those individuals who complete returns online are sent a notice advising them that a tax return is due. If a taxpayer is not issued with a tax return but has tax due they should notify HMRC who may then issue a return.

A taxpayer has normally been required to file his tax return by 31 January following the end of the fiscal year. The 2021/22 return must be filed by 31 October 2022 if submitted in ‘paper’ format. Returns submitted after this date must be filed online otherwise penalties will apply.

Setting up and maintaining your books in an organised manner will help us to extract quickly and easily the information needed to prepare or audit your accounts. It will also enable you to see at a glance the state of your business.

By establishing and maintaining certain procedures you will be able to keep a better control over your records and your business. It will also mean we can cut down on the work we need to do which may save you some money.

We can help you set up these procedures initially and once established you will be able to carry them out yourself. These procedures will include control accounts, reconciliations and stocktaking.

We highlight the key VAT areas you need to consider when running your business. If you are starting or have recently started a business we, at Tax Driven Accountants Limited, can help you comply with the VAT regulations.

VAT registered businesses act as unpaid tax collectors and are required to account both promptly and accurately for all the tax revenue collected by them.

The VAT system is policed by HMRC with heavy penalties for breaches of the legislation. Ignorance is not an acceptable excuse for not complying with the rules.

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

Management Accounts and Information:

Obtaining regular reliable management information is vital to the continued success of any business. Let us work closely with you to get to know your business so we can make suggestions to help improve profits or to develop and grow your business. We can prepare your monthly or quarterly management accounts to ensure you always have reliable and accurate information on which to base your business decisions.

If you run your business as a company you may save a considerable amount of tax. However there may be disadvantages and a sole trade or partnership structure may be better. At Tax Driven Accountants Limited, we can show you the potential tax savings currently available to you from operating as a company but also other factors you will need to consider before you make this decision.

We consider why you should draw up a business plan and what it should include. If you are starting, or have recently started a business we, at Tax Driven Accountants Limited, can help you develop a business plan.

Every new business should have a business plan. It is the key to success. If you need finance, no bank manager will lend money without a considered plan. It is one of the most important aspects of starting a new business. Your plan should provide a thorough examination of the way in which the business will commence and develop. It should describe the business, product or service, market, mode of operation, capital requirements and projected financial results.

For those working in the construction industry, the compliance requirements of the Construction Industry Scheme needs to be coped with. At Tax Driven Accountants Limited, we can assist you to comply with the onerous requirements of the Scheme.

The Construction Industry Scheme (CIS) sets out special rules for tax and national insurance (NI) for those working in the construction industry. Businesses in the construction industry are known as ‘contractors’ and ‘subcontractors’. They may be companies, partnerships or self employed individuals.

The CIS applies to construction work and also jobs such as alterations, repairs, decorating and demolition.

Every business needs finance – whether it is just starting up or looking to develop and grow. What type of finance is best suited to the development of your business, and who should you approach for funding? If you are starting, or have recently started a business we, at Tax Driven Accountants Limited, can help you in the planning stage of raising finance.

Who Needs Finance?

Every business from its commencement and through its development and growth will need finance.

But what type of finance is best suited to the development of your business, and who should you approach for funding?

COVID-19 Recovery Loan Scheme:

In response to the COVID-19 pandemic the government has announced various measures to support businesses. The Coronavirus Business Interruption Loan Scheme, Bounce Back Loan Scheme and Coronavirus Large Business Interruption Loan Scheme announced in March 2020 closed for applications at the end of March 2021.

The March 2021 Budget saw a number of further measures announced. From 6 April 2021 the Recovery Loan Scheme will be available. This will provide lenders with a guarantee of 80% on eligible loans between £25,000 and £10 million to give them the confidence to provide finance to UK businesses. The scheme will be open to all businesses , including those who have already received support under other COVID-19 guaranteed loan schemes.

In addition, Restart Grants will be provided in England of up to £6,000 per premises for non-essential retail businesses and up to £18,000 per premises for hospitality, accommodation, leisure, personal care and gym businesses.

The latest position on these schemes can be found on the relevant links below:

• https://www.gov.uk/guidance/recovery-loan-scheme
• https://www.gov.uk/guidance/check-if-youre-eligible-for-a-coronavirus-restart-grant

Further guidance on which scheme is suitable for your business can be found here:

www.gov.uk/business-coronavirus-support-finder