Annual Accounts
Whether you are a sole trader, partnership, limited liability partnership or a limited company we can assist you with your annual accounts preparation.
At MJD Accounting we take a proactive approach to ensure that accounts are prepared in plenty of time before any deadlines arise. We initiate contact with our clients and, if needed, provide a list of the information required to prepare the accounts.
Management Accounts
Where required we can prepare accounts for shorter periods for you, such as quarterly reports. This can be either for management purposes to help you evaluate your own business or when requested by third parties such as banks and mortgage brokers.
Bookkeeping
Bookkeeping can be time consuming and often viewed as a burden to deal with. MJD Accounting can assist with this by writing up your books for you. We have experience with many different bookkeeping software’s, including Sage, Xero, QuickBooks, Free Agent and Cashflow Manager.
Outsourcing this type of work often gives business owners more time to dedicate to making their company a success.
VAT
We prepare and file online quarterly or monthly VAT returns in accordance with HMRC’s Making Tax Digital rules.
Our expert knowledge in VAT will ensure accurate and timely VAT returns. If you prepare your own VAT returns we are always available if you need advise on any queries you may have.
Payroll
Accurate and timely payroll submissions including the year end returns with P60’s. We provide payslips to be distributed to the employees as well as payroll summaries for the employer. We will advise you of the amount and deadline for any tax and national insurance owed to HMRC.
We can assist clients with the preparation of the P11D employee benefits in kind form each year.
Personal Tax
We prepare tax returns for company directors, the self employed, partnerships and their individual partners as well as other individuals.
The UK tax system is both complex and constantly changing. We ensure that your tax returns are accurate, completed in a timely and cost effective manner and where appropriate tax planning is looked at before the end of the tax year to minimise your tax liabilities.
Self assessment tax returns are filed online with HMRC.
Corporation Tax
We prepare the corporation tax returns for Limited companies and the online filing of these to HMRC.
Company Formation and Secretarial Services
We provide various services including limited company formation, annual confirmation statements as well as any matters regarding changes to the company details that are filed at Companies House.
Sub-contractors
If you are a self employed sub-contractor that has Construction Industry Scheme (CIS) tax deducted from your income we can file your self assessment tax returns early to ensure you receive any refunds due as soon as possible after the end of the tax year. If your services are provided through a Limited Company we can assist with the relevant PAYE and corporation tax filings specific to your CIS deductions.
Start-up businesses
If you have just started a new business or are about to we can advise on the right structure to use, (Sole Trade, Partnership or Limited Company).
We can assist you in registering with the relevant authorities, such as HMRC and Companies House.