Corporation tax – MHC Accountant

Accountancy services for business

MHC Accountants is an ICAEW Chartered Accountant who provide accountancy services for businesses, limited companies and individuals across the UK. Whatever the nature of your business, MHC Accountants has the knowledge and experience to reduce your tax liability and take care of your bottom line. Based in
London, we welcome clients from across the UK.

Payroll and pension services

Unfortunately, paying your employees isn’t as simple as putting money in their bank account. HMRC require detailed information about tax, NI, PAYE and other information, which can take up a lot of time.

MHC Accountants provide bureau payroll services for more than 400 clients every month and will take care of the followings our client’s behalf:

Apply and set up a PAYE reference for the business or limited companies
Issue pay slips
Manage deductions and payments to HMRC
Online filing: compliance with real time Information (RTI). submission of FPS every month or week within the deadline.
Year-end routines – EPS to HMRC and P60s for all employees
Employee benefits in kind – P11d returns and filing, Class 1a NI
Set up pension and complete regulatory declarations on behalf of client.

Corporation tax

Limited companies must comply with corporation tax and file an annual corporation tax return. MHC Accountant have more than 15 years’ experience and can prepare everything from profit and loss accounts and balance sheets.

We are experts in claiming capital allowance, annual investment allowance and first year allowance to reduce your corporation’s tax liability.

We can also calculate corporation tax and file your corporation CT-600 tax returns on time.

Preparation of accounts

We can take care of your accounts so you can take care of your business. At MHC Accountants, our accounting services include:

Our chartered accountants can produce:

Statement of Financial Position: also referred to as a balance sheet, reports on a company’s assets, liabilities, and ownership equity at a given point in time.
Statement of Comprehensive Income: also referred to as profit and loss statement (or a “P&L”), reports on a company’s income, expenses, and profits over a period. A profit and loss statement provides information on the operation of the enterprise. These include sale and the various expenses incurred during the processing state.
Statement of Changes in Equity: explains the changes of the company’s equity throughout the reporting period
Statement of cash flows: reports on a company’s cash flow activities, particularly its operating, investing and financing activities.

We work with clients across the UK, taking care of all their accounting and financial reporting needs. Accurate financial statements are a key commercial tool and our clients expect us to understand their businesses and rely upon us to keep them up-to-date with changes in legislation.

Financial reporting in the UK is a complex and evolving process with several available financial reporting frameworks. If you need help navigating the latest legislation, contact our team in London today

Companies house secretarial services

Once you incorporate a limited company, you need to prepare business accounts for the business which must be filed to Companies House along with your

confirmation statement every year. If you need to terminate or appoint a director, change your company name or change shareholding information, MHC Accountants can provide these services as part of our accountancy services.

Incorporation of companies and business start ups

MHC Accountants can help you set up your incorporated company and give you expert help and advice on how to get the best for your business. Based in London, we serve clients across the UK.