If your business is not incorporated, then Mabers will prepare and
submit your self-assessment tax return each year as part of our
service. Our clients include sub-contractors working in the
Construction Industry Scheme (CIS), self-employed plumbers, dance
instructors, and dentists.
Mabers also provide this service to Landlords receiving income from
letting residential and commercial property.
If you are a director/owner of a limited company, then we will also
prepare and submit your personal tax return – again as part of our
Landlords & Buy-to-let
This is an area that has seen much change in recent times, and these
have resulted in an ever increasingly complicated sector.
The treatment of interest as a charge on income rather than an
expense has resulted in many tax payers paying tax at higher rates
than before, despite no increase in income.
The rate of SDLT fluctuating on the size of portfolio has now become
a major criteria when purchasing property, and whether to trade as a
limited company or not.
The imminent of quarterly MTD reporting is yet another problem to be
identified and planned for.
Mabers can help with advice, guidance and on-going support to
existing and potential property owners in this market.
Preparation of Annual Accounts
We will prepare the annual accounts in required statutory format and
abbreviated format. We will send you drafts, and discuss any issues
you may have before resolving them to your satisfaction and
finalising the accounts. We will then arrange for the abbreviated
accounts to be submitted to Companies House on your behalf, and send
a full set to HMRC, along with the required corporation tax return
(form CT600) and computations.