MDG Business Associates continue to provide expert advice and services to both companies and individuals
The first stage of MTD was for VAT returns, and we have successfully helped our VAT registered clients to meet their MTD obligations.
The next stage, Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA),will become mandatory for certain self-employed individuals and property landlords from 6 April 2026. We will be able to recommend suitable software and help you prepare.
The ‘basis period’ rules for self-employed individuals that prepare accounts to a date other than 31 March or 5 April have been changed from April 2023, with a number of choices and considerations now to be made for each individual client in turn. If you are self-employed and your accounting date is not 31 March or 5 April, we will be able to advise you on the best route forward.
MTD for Income Tax for partnerships and limited companies will follow at a later date once mandated by government, and we will keep our clients informed of any new developments in this area when the time comes.
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Self Assessment
Our team can help you meet all your Self Assessment filing obligations whilst maximising any exemptions and tax savings to ensure you pay the right amount of tax.
Corporation Tax
Corporation tax rates and reliefs vary as time passes and individual circumstances change, so we make sure we can offer all the necessary advice and assistance when examining available allowances, potential exemptions, and other deductions. We will carefully evaluate and produce corporate tax filings to ensure you remain compliant in all areas, at all times.
Capital Gains Tax
When considering the tax aspect of purchasing investments, a second home, or another asset, our team can make sure you maximise your exemptions while navigating the complex world of capital gains tax.
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Personal Tax Planning
We can help walk you through the complicated subject of personal taxation and we support you every step of the way. By developing a tax planning approach that works for your individual tax situation and helps ensure you pay the right amount of tax, we eliminate the time and worry involved. Our team will provide guidance on when payments are due in addition to what paperwork must be filed and submitted in order to maintain compliance at all times.
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Tax
Our experts at MDG Business Associates will help guide you through the world of tax, keeping you up-to-date with all the latest changes and regulations.
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Audits
Audit is an important requirement that is needed to review and assess the accounts and records of a business.
Payroll
We can ensure that your payroll service is efficient, accurate and timely – meaning you have one less thing to worry about.
Accounting
MDG Business Associates can help reduce the time you spend on admin work, letting you focus on what is really important to your business.
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Business Start-up
Starting a business is a really exciting time, but we know it is also a very busy time.
Making Tax Digital
Making Tax Digital (MTD) will affect most businesses by changing how business records are kept and how tax information is sent to HMRC.