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MGM Accountants
MGM Accountants

Self Assessment, Tax Returns

Self assessment is a compulsory yearly government requirement, which can be a headache if you are not absolutely sure how to approach it. All businesses and self employed people including sole traders, partnerships, company directors, charitable organisations and 40% tax payers need to file tax returns and others.

Failure to comply or late returns can result in fines, penalties and other charges. Incorrectly filled out forms can also prove costly and perhaps refusal to claim allowances, extra tax liability or even investigation.

MGM Accountants are experts at organising, preparing and submitting tax returns, whatever your business position.

Limited Company Accounts

MGM Accountants can work with you to ascertain whether or not this form of trading style is appropriate for your business. Once this is established we are happy to assist in registering with Companies House and fulfilling all subsequent protocol. A firm working knowledge of accounting is needed within this area as there are strict requirements about submission of certain company details.

MGM Accountants have extensive experience in the issues concerning limited company accounts.

Company Formations & Business Start Up

It is important when considering setting up a new business to take advice on the format of that business. Options include sole trader, limited company and limited liability partnership. We will discuss how these various formats may suit you. If a limited company or LLP is best for you, we can set that up for you and provide the appropriate advice on tax and reporting requirements.