Accountants Leicester | Accounting and tax services Leicester

Our services

Find out more about our accountancy and tax services

We have helped many of our clients to grow and develop their businesses over the years.

Understanding your responsibilities as a sole trader, partnership, or limited company can be challenging. We are here to provide the knowledge and support you need to confidently manage your finances. With our expert guidance, you will have peace of mind knowing you are in good hands.

We partner with most major accounting software providers and are able to offer support with systems including Xero, QuickBooks, Sage, FreeAgent, VT Transactions, Xline Intact, IRIS, and many more.

We provide a wide range of accountancy and tax services to individuals and small to medium-sized businesses.

Explore our services below to find out more.

All UK limited companies are required to prepare annual statutory accounts and submit a corporation tax return to HMRC. Companies must also file accounts with Companies House each year in accordance with the relevant accounting standards and deadlines.

We prepare your annual financial statements and corporation tax return, ensuring everything is accurate and submitted on time. We also review your accounts to ensure all allowable expenses, tax reliefs, and allowances are correctly claimed.

If you operate as a sole trader, you are required to report your business income through the Self Assessment system. We prepare your annual business accounts and complete your personal tax return, ensuring all income, allowable expenses, and tax reliefs are correctly reported.

Partnerships must prepare annual accounts and submit a partnership tax return to HMRC. The partnership return reports the overall income and expenses of the partnership and shows how profits are allocated between partners. Each partner must then report their share of the partnership profit on their own personal Self Assessment tax return. We prepare the partnership accounts, complete the partnership tax return, and assist each partner with their individual tax reporting.

We assist individuals with the preparation and submission of self assessment tax returns, ensuring everything is completed accurately and on time. We also ensure relevant tax reliefs and allowances you are entitled to are claimed.

We assist buy-to-let landlords with the preparation and submission of Self Assessment tax returns, ensuring all rental income and allowable expenses are correctly reported to HMRC. We help you stay compliant while making sure you claim all relevant deductions and reliefs available to property landlords.

If you sell a UK residential property that is not your main home, you may need to report the gain and pay Capital Gains Tax (CGT). The disposal must usually be reported to HMRC within 60 days of exchange. We can help calculate the gain, apply available reliefs, and submit the disclosure to HMRC accurately and on time.

Making Tax Digital for Income Tax requires mandated self-employed individuals and landlords to submit quarterly updates to HMRC. We assist with preparing and submitting these digital updates to ensure you remain compliant with the new reporting requirements.

Maintaining accurate bookkeeping records is essential for understanding your business performance and meeting tax obligations. We provide bookkeeping services to record your income and expenses and maintain organised financial records, which helps ensure accurate reporting and smoother year-end accounts preparation.

VAT registered businesses are required to submit VAT returns to HMRC, typically every quarter, under the Making Tax Digital (MTD) rules. We prepare and submit VAT returns based on your bookkeeping records, ensuring VAT is calculated correctly and filed on time.

If you employ staff, payroll must be reported to HMRC through the Real Time Information (RTI) system each time employees are paid. We manage payroll processing, prepare payslips, calculate tax and National Insurance, handle pension deductions, and submit the required reports to HMRC each month.

Management accounts provide regular financial reports that help business owners understand how their business is performing throughout the year. We prepare monthly or quarterly management accounts, including profit and loss reports, balance sheets, and key performance insights. These reports help you monitor profitability, manage cash flow, and make informed business decisions.

We offer proactive tax planning and advice to optimise tax liabilities where possible, and plan ahead with confidence.

MLA Chartered Accountants | Accountants in Leicester

Get in touch today to discuss your accountancy and tax requirements and find out how we can help.

E-mail: enquiries@mlaaccounting.co.uk

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