Hassle Free Business Operations. Our bookkeeping services are tailored according to the daily needs of the business requirements and flexible according to the nature of businesses and management requirements. We provide UK based bookkeeping services as well as offshore. We also provide daily, weekly, and monthly services depending upon requirements / needs of our valued clients. We not only provide complete bookkeeping solutions but also ensure that all HMRC compliances and regulations are being followed. For Onshore Bookkeeping, We deploy the team of bookkeepers to the client premises or client is asked to deliver data to our local office for bookkeeping services. Offshore Bookkeeping, credit control and Accounting solutions are becoming more popular for some businesses to minimize their running costs without compromising on their legal responsibilities and business requirements. Simply fax, scan, or mail your invoices, deposit slips and bills to us. We'll enter your transactions, reconcile your accounts and set your bills up for payment.

At MKI Accountants, we're passionate about small clients & business. This is from where we started our firm back in 2005, so we feel confident to understand the challenges of running your own company and businesses and we're always available to provide management accountancy services in seeking to grow your business and close relationship with our valued clients always help to improve service level and their confidence. Unlike larger accountancy firms we aim to work very closely with our clients, helping them through the good times as well as in difficult time. We're very confident to offer range of services many high street accountants wouldn’t be able to provide.

In your business, you will need to be fully tax compliant in all areas. VAT is one of those areas where we always ensure timely preparation and submission of VAT returns and MTD. Our existing clients are benefiting from our tax efficient solutions to manage their cashflows and timely VAT refunds (where applicable).

If you're an individual who needs to submit a tax return, then you must file it with HMRC by 31st January (Deadline) after the end of the tax year which is 5th April. Get in touch with us to discuss and we will be happy to assist. As a guide if you are an individual you may need to submit a tax return if:

1. You are a director of a company
2. You are an employee and you have received some benefits in kind
3. You are a partner in a business or a Limited Liability Partnership
4. You receive untaxed income from any source either in the UK or overseas for example lettings income.
5. You have received taxed interest, dividends or pensions and you are a higher rate taxpayer
6. You have made a Capital Gain which is more than the annual exemption.

Our Payroll services are designed to ensure that we run timely payroll, do statutory returns to HMRC and on top of everything making sure that our client’s staff gets paid on the due dates. We also manage workplace Pensions as well as private pension schemes of our valued clients.

We deal with HMRC directly on behalf of our client and that has been helping our clients to focus on their own business without any hassle. Tax Investigation Protection is also available to protect our valued clients.

We know and aware of week areas where most of the small businesses need some help and support. HRMC compliances, cashflow & financial requirements and tax planning are few examples where we are helping our clients on regular basis.

If you are self-employed then by law you must complete a self-assessment tax return form each year. This is how you will show to HMRC how much you earned during the tax year and what you spent to get those earnings. You will be taxed on the profit earned in that tax year. Your tax return needs to be submitted to HMRC by the 31st January after the end of the tax year. Please get in touch if you want to benefit from our tax return services for self-employed. If you are not registered yet and need some advice or discuss anything in more details including how to register as self-employed, please get in touch via email /website or give us a call.

If your business is growing and you want to protect your assets, it will be a good idea to review your business model and where necessary to incorporate your business and protect your personal assets from any future liabilities. We can surely help you in making this decision and perform detailed business review and financial analysis for long term sustainability of your business. You can benefit from our service from incorporation of your business to Financial & tax planning, directors’ tax returns, PAYE and all other business requirements. Please get in touch to discuss and we will be please to provide you all required service and will assist you in your business growth.

If you are landlord and letting out your property, you will need to submit tax return to pay tax on your rental income after claiming expenses related to that property (as a general rule wholly and exclusively for the purpose of rental trade). Failing to do so could result HMRC investigation which may result interest and penalties in later years. Don’t worry, please get in touch with us and we’ll do it on your behalf.