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You’re required to file if you’re self-employed, a company director, have rental income, earn over £100,000, or receive untaxed income such as savings interest or foreign income. We can confirm whether you need to file based on your specific circumstances.

The online filing deadline is 31 January following the end of the tax year. Paper returns must be submitted by 31 October. Missing the deadline triggers an automatic £100 penalty, with further charges accumulating the longer the return remains outstanding.

Through proactive tax planning, we identify all allowable deductions, reliefs, and allowances you’re entitled to — such as business expenses, pension contributions, and capital allowances — so you pay only what you owe and nothing more.

VAT registration is mandatory once your taxable turnover exceeds £90,000 in any rolling 12-month period. Voluntary registration can also be beneficial if you deal primarily with VAT-registered businesses, as it allows you to reclaim input VAT on purchases.

Our payroll service includes calculating employee wages, deducting the correct PAYE tax and National Insurance contributions, submitting Real Time Information (RTI) reports to HMRC, managing auto-enrolment pension obligations, and issuing payslips.

Making Tax Digital is HMRC’s initiative requiring businesses to keep digital records and submit VAT returns via compatible software. MTD for VAT is already mandatory for all VAT-registered businesses. MTD for Income Tax is being phased in from 2026. We ensure your business stays compliant ahead of each rollout.

Annual accounts are a formal record of your company’s financial position and performance over the year. Limited companies must file them with Companies House each year. They must comply with UK accounting standards and are also used to calculate corporation tax.

Yes. We prepare Charity Accounts in accordance with the Charities SORP (Statement of Recommended Practice) and Charity Commission requirements, including trustees’ annual reports, income and expenditure statements, and balance sheets.

Company formation involves registering with Companies House, choosing a company name and structure, appointing directors, issuing shares, and registering for Corporation Tax with HMRC. We handle the full process and ensure you’re set up correctly from day one.

This depends on your income level, risk appetite, and long-term goals. A limited company offers limited liability protection and can be more tax-efficient at higher income levels, while a sole trader structure is simpler to run. We’ll assess your situation and recommend the right structure for you.

Yes, MRA Accountants is licensed and regulated by AAT (Association of Accounting Technicians), which ensures we meet professional standards for competence, ethics, and client service.

You can contact us by calling 07932 710 767 or emailing info@mraaccountants.com. We operate Monday to Saturday, 10am–6pm. Out-of-hours support is also available in urgent situations. We’ll begin with a consultation to understand your needs and recommend the right services.