MJF Accountancy

read moreVAT is one of the most complex taxes that youll ever have to deal with. But if that wasnt bad enough, constant changes to UK legislation added to the unknowns of Brexit make this area even more daunting to the average business.

If you run a VAT-registered business, you act as an unpaid tax collector, and youll need to account accurately as well as promptly for the taxes that you collect. Do it incorrectly and you could receive a hefty fine from HMRC. Ignorance is not an acceptable excuse for not complying with the rules.

What's more, deadlines are tight under the standard VAT scheme, with businesses having around only five weeks to collate its VAT information together and submit it to HMRC.

If youre looking to do your VAT returns in Liverpool VAT specialists MJF Accountancy can help. We are specialist value added tax accountants in Liverpool and we can help you with the following:

To tailor your accounting systems by bringing together VAT information both quickly and accurately.

By ensuring your business has enough funds to pay your VAT bill when the time comes.

Helping to complete VAT returns.

Talking to HMRC on your behalf should any disagreements arise and helping to reach any settlements.

Giving advice on the VAT schemes that might be available to you.

read moreOperating your business through a limited company can have lots of advantages; however, it does come with a requirement to produce a set of accounts each year that you can send to Companies House and to Her Majesty's Revenue and Customs (HMRC).

read moreAn individual has to submit a Self-Assessment Tax Return to HMRC every year if they have more than one source of income or any other source of income other than employment.

When it comes to self assessment tax returns Liverpool businesses generally prefer to use the specialist services of professional accountants for peace of mind, tax-efficient scheme maximisation and to outsource the time and complexity of managing financial accounts and tax burdens.

MJF Accountancy provides a high-quality personal financial service within the Liverpool, Greater Merseyside and wider North West area. As Liverpool personal tax returns specialists, we can provide our clients with a top-quality service that helps sole traders and businesses to meet their tax obligations whilst outsourcing the complexity of the financial management and tax return process to the specialists.

read moreEvery year, the tax, national insurance and pension arrangements for employees are subject to changes from HMRC or from the budget. As a small or medium sized business, you are now obliged to supply HMRC with real time payroll information, incorporating these changes. Add to this staff turnover and employee changes in circumstances and its clear that payroll management in Liverpool and elsewhere has turned into a major headache.

Luckily, when it comes to payroll services Liverpool firms and those in the surrounding areas have a cost-effective alternative because they can simply delegate their payroll to us. As chartered accountants, were always up to date with the latest tax, national insurance and auto-enrolment pension changes, so we can ensure that deductions are correctly calculated and reported.

Our company and staff payroll solutions in Liverpool can cope with the payroll changes when staff become sick or take maternity pay and we can also ensure that the minimum wage is paid across the correct periods, where appropriate.