MAC Accounting

Self Assessment tax returns, partnership tax returns, corporation tax returns & capital gains tax returns.

We can comprehensively support businesses (contractors and subcontractors) within the construction industry. We can help you start by ensuring you are set up correctly and registered with HMRC. With our assistance, you will be able to set up your software, record your sales and subcontractor costs correctly. We will also provide you with the guidance and assistance required in respect of the reverse charge VAT rules that went into effect in March 2021. We can handle your monthly reporting requirements and keep you informed about your tax situation.

In today's business landscape, reporting VAT through MTD compatible software has become mandatory. HMRC's increasing demand for more frequent and detailed information underscores the importance of partnering with a reliable accountant to stay on top of your reporting obligations.

As Xero certified professionals, we take pride in guiding our clients throughout the implementation and beyond. Our collaborative approach ensures your bookkeeping becomes more convenient, efficient, and accurate, making VAT compliance a seamless process with our expert assistance.

Management accounting services offer significant value to businesses by providing regular accounts that offer invaluable insights into the company's performance. This enables business owners to make informed decisions with confidence, leading to more effective leadership. With the implementation of cloud accounting, management accounting information can be generated efficiently, making it a cost-effective option. We encourage clients to consider this service in conjunction with their VAT returns, as it can lead to synergistic cost savings and be an excellent investment for their business.

Good bookkeeping is essential for any business owner as it serves as the foundation for sound financial management. Accurate and organised records enable business owners to track income, expenses, and profits, providing valuable insights into the company's financial health. Proper bookkeeping ensures compliance with tax regulations and simplifies the preparation of financial accounts, facilitating informed decision-making and strategic planning. Additionally, it fosters transparency and credibility, which can be crucial when dealing with investors, lenders, or potential partners. Ultimately, maintaining good bookkeeping practices is key to achieving long-term financial stability and success for any business.

At MAC Accounting, we are passionate about cloud accounting software. We guide our clients through every step, from initial setup to seamless implementation and ongoing support. Embracing cloud accounting offers numerous advantages, including:

Send Quotes and Invoices Easily: Send quotes and invoices directly to your customers' email addresses, saving time and effort.

Streamlined Bank Reconciliation: Simplify the reconciliation process by linking your bank account for efficient financial management.

Comprehensive Customisable Reports: Access a wide range of customisable reports, including profit and loss, balance sheet, cash movement, creditors, and debtors, to gain valuable financial insights.

Digital Storage for Receipts and Invoices: Enjoy the convenience of digital storage for receipts and invoices, reducing paper clutter and staying organised effortlessly using your mobile phone.

Lower Accounting Fees, More Savings: Effective bookkeeping leads to lower accounting fees, leaving more money in your pocket. Accurate records reduce the time and effort required, resulting in cost savings for your business or personal goals.

We can provide payroll services to your business. Services include: -

Payroll scheme set up.

Payroll, Tax NI summaries

Payroll calculations

Pension auto-enrolment

Overtime and holiday pay calculations

Statutory sick pay / maternity pay

P11D’s & payrolling benefits

Issuing employees with payslips, P45’s, P60’s & compliance letters e.g.,
for pension

Real time reporting to HMRC