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Self-Assessment is a system used by HMRC to collect Income Tax, whereby they calculate what you owe based on what you report. You need to fill in a self-assessment tax return if you’re self-employed, a business partner, director of a limited company, you’re an employee or pensioner with an annual income of £100,000 or more, or you have a pre-tax investment income of £10,000 or more. Self-assessments must be completed and submitted annually either by post or filing a tax return online, and there are penalties to pay for a late submission.

We can help you complete self-assessments whether you’re a Limited Company, Sole Trader, Partner in a Partnership or have rental income. Self-assessments can take a lot of time and cause unnecessary stress, but our team of tax experts can help with everything from preparation to filing, so you won’t have to worry about the ever-changing tax rules or making costly mistakes.

End-of-year accounts are a summary of a business’s overall performance for an accounting year. Businesses are legally required to file their year-end accounts with HMRC, and Companies House if you’re a limited company. The end-of-year accounting process is complex and involves drawing on many different sources of information to get a full and accurate picture of your business.

Maple can prepare and file your end-of-year accounts and end-of-year tax returns on your behalf. Outsourcing your end of year accounts to us can free up valuable time for you to concentrate on managing and growing your business.

When you run a business with another partner as a business partnership, you must complete a partnership tax return to account for the income of the partnership, and how this is distributed to each partner. This must be completed by and submitted to HMRC by a nominated partner, along with their self-assessment tax return every year. The nominated partner can be chosen by you, but if you fail to nominate a partner in time, HMRC will pick one for you. Maple Accountancy’s tax advisors can help you prepare and file your SA800 partnership tax return to HMRC to ensure you remain compliant and avoid making costly mistakes.

All active UK limited companies must file corporation tax returns, typically every year, online with HMRC within the correct period of time. A Company Tax Return, which is completed by filling in a CT600 form, must be submitted alongside the accounts and Corporation Tax calculations to HMRC and Companies House. This can be prepared and filed by yourself, but if you aren’t confident completing the return correctly, then it is advisable you use an accountant. Our tax experts can deal with the complexities of preparing accounts and filing the company tax return, and also make sure you are benefiting from corporation tax allowances and reliefs where possible to minimise your total corporation tax liability.

A VAT Return is a form you must fill in and submit to HMRC, 4 times a year, usually every 3 months. It shows how much VAT you are due to pay them. You can file your VAT return yourself through HMRC’s website, or you can save time and effort by getting an expert tax accountant to help you fill in your VAT return correctly and submit it directly to HMRC for you. Maple can ensure you pay the right amount of tax in compliance with HMRC’s real-time reporting requirements and ensures you never miss a deadline. We can help complete your VAT returns accurately and ensure all the correct records are presented to support your VAT claims.