Empowering Businesses & Individuals with Expert Accounting
At MAC X Accounting, we specialise in providing accurate, efficient, and personalised accounting services designed to support the success of businesses across the UK.
Our Speciality
Financial Clarity, Expertly Delivered
We deliver a full suite of accounting solutions tailored to the needs of owner-managed family businesses. Whether you’re just starting out or planning for the future, we’re here to provide clarity, confidence, and continuity.
Year End Accounts
Accurate and timely year-end accounting services for your business.
At MAC X Accounting, we specialise in preparing year-end accounts that comply fully with UK accounting standards, including FRS 102 for larger or medium-sized entities and FRS 105 for micro-entities. Our service is tailored to meet the needs of Ltd companies, partnerships, sole traders, CICs, and other entities.
What We Do:
- Preparation of statutory accounts tailored to your specific business type, ensuring compliance with all relevant financial reporting standards.
- Submission of accounts to Companies House and HMRC, keeping you up to date with your legal obligations and avoiding late filing penalties.
- Assistance with selecting and applying appropriate accounting policies to ensure transparency and accuracy in your accounts.
- Liaison with your auditors or external accountants where applicable to coordinate financial reporting.
- Preparation of supporting schedules and notes to the accounts to comply with statutory requirements.
- Provision of clear, understandable financial statements designed to support your business decision-making.
- Our expert team ensures your year-end accounts are prepared accurately and submitted on time, reducing stress and freeing you to focus on growing your business.
Personal Tax Services
Comprehensive personal tax planning and compliance for UK taxpayers.
Navigating personal tax can be complicated, but at MAC X Accounting, we help individuals and families manage their tax affairs efficiently. Whether you are self-employed, have rental income, or receive dividends, we tailor our services to suit your needs.
Our Services Include:
- Preparation and submission of Self-Assessment tax returns covering all income sources including employment, self-employment, investments, and rental properties.
- Strategic personal tax planning to optimise use of allowances such as Personal Allowance, Marriage Allowance, and Dividend Allowance.
- Capital Gains Tax (CGT) planning and reporting, including advice on reliefs like Entrepreneurs’ Relief and Principal Private Residence Relief.
Inheritance Tax (IHT) planning to protect your estate and beneficiaries. - Support dealing with HMRC inquiries and resolving tax disputes.
- Advice on pension contributions, charitable donations, and other tax-efficient strategies to reduce your tax burden.
- Our personal tax service combines compliance and proactive planning to help you keep more of what you earn.
Business Tax Services
Full business tax compliance and planning for Ltd companies, partnerships, and tax groups.
At MAC X Accounting, we provide expert support to ensure your business tax affairs are compliant, efficient, and tailored to your company’s structure.
What We Offer:
- Preparation and filing of Corporation Tax returns for Ltd companies, including maximising allowable expenses, reliefs, and capital allowances.
- Partnership tax return preparation and allocation of profits among partners, ensuring each partner meets their tax obligations.
- Management of tax groups for Ltd companies, enabling offset of profits and losses across associated companies to optimise overall tax liability.
- VAT compliance and advice to ensure your VAT affairs are in order.
- Payroll and PAYE compliance support.
- Assistance with Research & Development (R&D) tax credits claims for eligible businesses.
Capital allowances claims on fixed assets to reduce taxable profits. - Representation and support during HMRC enquiries, investigations, and dispute resolution.
- Our goal is to keep your business tax affairs on track, minimise your tax bill within the law, and help you avoid penalties.
Bookkeeping Services
Efficient, accurate bookkeeping tailored to your business.
Good bookkeeping is vital for the health of your business and the accuracy of your accounts. MAC X Accounting offers bespoke bookkeeping services to keep your financial records up to date and reliable.
Our Bookkeeping Services Include:
- Recording and categorising all daily financial transactions, including sales, purchases, receipts, and payments.
- Bank and credit card reconciliations to ensure your books match your bank statements.
- Management of invoicing and supplier payments to maintain cash flow.
- Expense tracking and VAT preparation to ensure all deductible costs are captured.
- Regular financial reporting to keep you informed of your business’s financial health.
- Preparing bookkeeping data for your year-end accounts and tax returns.
- We provide flexible bookkeeping solutions designed to suit sole traders, partnerships, Ltd companies, and CICs, tailored to your industry and business size.
Management Accounts Service
Insightful management accounts to drive informed business decisions.
Regular management accounts provide essential financial insight to help you run your business effectively. MAC X Accounting prepares management accounts tailored to your needs and timing.
What You Get:
- Monthly or quarterly management accounts including profit and loss statements, balance sheets, and cash flow forecasts.
- Budgeting and forecasting services to plan future performance and cash flow needs.
- Key Performance Indicator (KPI) reporting that helps track your business health and highlight areas for improvement.
- Variance analysis comparing actual results to budgets or previous periods with clear explanations.
- Board packs and financial reports designed to support meetings and stakeholder communication.
- Advice on cost control, profit improvement, and financial strategy based on your management accounts.
- Our management accounts service helps you understand your business’s financial position in real-time so you can make better decisions..
VAT Services
Comprehensive VAT support including registrations, schemes, compliance, and planning.
VAT can be complex and frequently changes. At MAC X Accounting, we offer a full range of VAT services to help you comply and optimise your VAT position.
Our VAT Services Include:
- VAT registration and deregistration services for all types of businesses.
- Advice on selecting the most suitable VAT schemes, including the Flat Rate Scheme, Cash Accounting Scheme, and Annual Accounting Scheme.
- Preparation and submission of accurate and timely VAT returns.
- VAT planning to help improve cash flow and reduce VAT liabilities legally.
- Support with VAT inspections, audits, and dispute resolution with HMRC.
- Guidance on complex VAT areas including cross-border trade, property VAT, and partial exemption calculations.
- We make VAT compliance hassle-free and help you take advantage of appropriate schemes and reliefs.
Construction Industry Scheme (CIS)
Specialist CIS services for contractors and subcontractors in the construction sector.
The Construction Industry Scheme (CIS) requires specific compliance from contractors and subcontractors in construction. MAC X Accounting offers expert CIS services to keep you compliant and reduce risk.
Our CIS Services Include:
- Registration of contractors and subcontractors with HMRC.
- Verification of subcontractors’ deduction status and tax obligations.
- Calculation and deduction of CIS payments at the correct HMRC rates.
- Preparation and submission of monthly CIS returns.
- Handling CIS disputes and queries with HMRC.
- Advising on CIS compliance, record-keeping, and best practices.
- Support during CIS audits and inspections.
- Whether you are a contractor or subcontractor, we manage your CIS requirements professionally and efficiently.
Payroll Services
Comprehensive payroll solutions to keep your employees paid and compliant.
MAC X Accounting provides full payroll services ensuring your payroll complies with all UK legislation and runs smoothly.
Payroll Services Include:
- Full payroll processing including salary, bonuses, and statutory payments (Statutory Sick Pay, Statutory Maternity Pay, etc.)
- Real Time Information (RTI) submissions to HMRC for every pay period.
- PAYE tax and National Insurance calculations and deductions.
- Pension auto-enrolment administration and compliance support.
- Preparation and distribution of payslips.
- Year-end payroll reporting including P60s, P45s, and reporting to pension providers.
- Payroll queries handling and HMRC liaison.
- Our payroll service provides accuracy, confidentiality, and compliance, ensuring peace of mind for you and your staff.
Company Secretarial Services
Keeping your company compliant with all statutory requirements.
We handle your company secretarial duties so you can focus on business growth.
Our Company Secretarial Services Include:
- Filing Annual Confirmation Statements and Annual Accounts with Companies House.
- Maintaining statutory registers, including members, directors, and secretaries.
- Managing changes in directors, secretaries, and shareholders, including share allotments and transfers.
- Preparation and filing of board resolutions and statutory documentation.
- Advising on corporate governance best practice.
- Organising AGMs and Board meetings.
Registered Office Service:
- Provide a professional registered office address for your company.
- Receive and securely manage official correspondence from Companies House and HMRC.
- Protect your privacy by using our address instead of your home or business address.
Accounting Software Solutions
Helping you select and implement the right accounting software.
We provide expert advice and support to choose and set up accounting software that fits your business needs.
Our Software Solutions Include:
- Recommendations on popular cloud accounting platforms like Xero, QuickBooks Online, Sage Business Cloud, and FreeAgent.
- Setup and configuration including chart of accounts and user permissions.
- Data migration from spreadsheets or legacy systems.
- Integration with payroll, invoicing, banking feeds, and payment solutions.
- Training and ongoing support for your team.
- Ensuring compliance with Making Tax Digital (MTD) VAT and accounting requirements.
- Our goal is to streamline your accounting processes and improve accuracy and efficiency.
Tax Investigation Insurance
Protect your business from the financial risk of HMRC investigations.
In partnership with Croner I, we offer Tax Investigation Insurance policies to cover professional fees if your business undergoes an HMRC tax investigation.
What the Policy Covers:
- Professional fees for accountants, tax advisors, and legal experts during HMRC investigations related to Income Tax, Corporation Tax, VAT, PAYE, National Insurance, and CIS.
- Costs incurred preparing information, negotiating with HMRC, and defending your tax position.
- Access to specialist advisers experienced in handling tax enquiries and investigations.
- Peace of mind knowing your business is protected from unexpected and potentially costly investigation fees.
- Our Tax Investigation Insurance gives you confidence and protection against the financial burden of tax investigations.
Let’s explore how we can support your goals – get in touch or book a meeting with us today.
Macx Advisory
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Macx Advisory
Explore Our Advisory Services
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