TAXASSIST Accountants is an accountancy franchise and the largest network of independent accountants who focus their accountancy skills specifically on small businesses and taxpayers needing a tax return in the UK. The Northampton office is celebrating 20 years of trading this year.
Keith Loader is one of the longest serving franchisees and started trading from home in 1998. The business in Northampton has grown into a small team of eight, with a range of full and part-time employees. The team have a wealth of experience, knowledge and accountancy qualifications between them.
The business has been operating from a shop front on the corner of Park Avenue North since 2008.
Over the years the business has successfully navigated its way through many changes within the industry, from the printing and posting of paper returns to the filing tax returns online. From manual payroll records to reporting Real Time Information each payday to HM Revenue and Customs and, more recently, helping clients with auto-enrolment pensions.
The General Data Protection Regulation (GDPR) has set a new standard for how businesses use and protect individuals' data. TaxAssist Accountants have been updating organisational processes and internal policies to ensure they remain compliant and in the best position to help and advise other business owners.
Recent years have seen the development of many cloud-based bookkeeping software packages, and numerous applications for tablets and smart phones. TaxAssist Accountants have partnered with companies such as QuickBooks Online, to find solutions to prepare its clients for the next big challenge, HM Revenue & Custom's initiative for Making Tax Digital.
Making Tax Digital will be the biggest change to the UK tax system since the introduction of self-assessment more than 20 years ago. The annual tax return is to be replaced by four quarterly submissions and is planned to affect everyone currently completing self-assessment tax returns by April 2020.
With the industry constantly changing every small business should have the support and backup of an accountant like TaxAssist Accountants.
If you run a small business and are looking for accountancy or taxation advice, Keith's team can be contacted on 01604 715900.