# MHC & CO

> Chartered Accountant


## Posts

- [2025-26 Tax Year – What UK Business Owners Can Expect](https://mhcandco.co.uk/2025-26-tax-year-what-uk-business-owners-can-expect/): 2025-26 Tax Year – What UK Business Owners Can Expect | MHC & Co 2025-26 Tax Year – What UK Business Owners Can Expect Complete Guide to Tax Changes, Thresholds, and Compliance Requirements for the Upcoming Financial Year MHC & Co Tax and Business Advisory The 2025-26 tax year brings significant changes for UK businesses, with the implementation of Making Tax Digital for Income Tax, new sustainability incentives, and several threshold adjustments. Planning ahead is crucial to maximize benefits and ensure compliance with the evolving tax landscape. Key Changes at a Glance The upcoming tax year introduces several important modifications […]
- [Spring Statement 2025: Our Summary for SMEs](https://mhcandco.co.uk/spring-statement-2025-our-summary-for-smes/): Spring Statement 2025: Our Summary for SMEs | MHC & Co Spring Statement 2025: Our Summary for SMEs Key Announcements, Tax Changes, and Economic Measures Affecting UK Small Businesses MHC & Co Tax and Business Advisory The Spring Statement 2025 introduced significant support measures for UK SMEs, with a particular focus on digital transformation, green initiatives, and easing the administrative burden. The Chancellor announced £850 million in business rate relief and extended the Recovery Loan Scheme to support small business growth. Key Takeaways for Small Businesses The Spring Statement 2025 contained several important announcements specifically targeting small and medium-sized enterprises. […]
- [How Much Cash Reserve Should a UK Small Business Have?](https://mhcandco.co.uk/how-much-cash-reserve-should-a-uk-small-business-have/): How Much Cash Reserve Should a UK Small Business Have? | MHC & Co How Much Cash Reserve Should a UK Small Business Have? Calculating the Optimal Safety Net for Your Business in Uncertain Times MHC & Co Financial Advisory UK small businesses with adequate cash reserves are 67% more likely to survive economic downturns. According to recent Federation of Small Businesses data, the average UK SME holds approximately 35 days of operating expenses in reserve, but experts recommend significantly more for true financial security. Why Cash Reserves Matter for UK Small Businesses Cash reserves act as a financial safety […]
- [5 Reasons Every Startup Needs a Business Savings Account](https://mhcandco.co.uk/5-reasons-every-startup-needs-a-business-savings-account/):       5 Reasons Every Startup Needs a Business Savings Account Why Separating Business Savings From Operating Funds Is Critical For Startup Success. In this Article we are going to discuss 5 Reasons Every Startup Needs a Business Savings Account. MHC & Co Financial Advisory Startups with separate business savings accounts are 38% more likely to survive beyond 5 years according to recent Small Business Administration data. Proper fund separation is one of the simplest yet most effective financial discipline strategies for new businesses. In this Artcicle we are going to discuss  Why Startup Banking Structure Matters Many entrepreneurs […]
- [Understanding Making Tax Digital for Income Tax](https://mhcandco.co.uk/understanding-making-tax-digital-for-income-tax/): Understanding Making Tax Digital for Income Tax | MHC & Co Understanding Making Tax Digital for Income Tax Complete Guide to MTD for ITSA – What It Means for Self-Employed Individuals and Landlords MHC & Co Tax Advisory Making Tax Digital for Income Tax (MTD for ITSA) will affect over 4.2 million self-employed individuals and landlords in the UK. Starting from April 2026, MTD will transform how taxpayers report their income to HMRC, moving from annual tax returns to quarterly digital reporting. What is Making Tax Digital for Income Tax? Making Tax Digital for Income Tax (MTD for ITSA) is […]
- [Postponed VAT Accounting – Account for Import VAT on the VAT Return](https://mhcandco.co.uk/postponed-vat-accounting-account-for-import-vat-on-the-vat-return/): Postponed VAT Accounting – Account for Import VAT on the VAT Return | MHC & Co Postponed VAT Accounting – Account for Import VAT on the VAT Return Complete Guide to Using PVA to Improve Cash Flow and Simplify Import VAT Accounting MHC & Co VAT and Customs Specialists UK businesses imported £619 billion worth of goods in 2022. With Postponed VAT Accounting (PVA), importers can avoid upfront VAT payments, improving cash flow by an average of £47,000 per business annually. What is Postponed VAT Accounting (PVA)? Postponed VAT Accounting (PVA) is a mechanism that allows UK VAT-registered businesses to […]
- [Distributable Reserves vs Net Profit: Ultimate Guide to Dividend Payments](https://mhcandco.co.uk/distributable-reserves-vs-net-profit/):       Distributable Reserves vs Net Profit: Ultimate Guide to Dividend Payments Distributable Reserves vs Net Profit: Ultimate Guide to Dividend Payments explains how UK businesses calculate dividends and manage distributions effectively. MHC & Co Corporate Finance Specialists Over 35% of UK companies make errors in dividend declarations each year, with an average penalty of £4,200 for illegal dividend payments. Understanding distributable reserves could save directors from personal liability. What Are Distributable Reserves? Distributable reserves are the profits available for distribution to shareholders as dividends under company law. They represent the accumulated realised profits that have not been previously […]
- [Reverse Charge VAT: What You Need To Know – Explanation & Examples](https://mhcandco.co.uk/reverse-charge-vat/):     Reverse Charge VAT: What You Need To Know Reverse Charge VAT: What You Need To Know – Explanation & Examples explains UK rules, reporting requirements, and practical examples for businesses. MHC & Co VAT Specialists HMRC estimates that £100 million annually is lost to VAT fraud in the construction sector alone. The Domestic Reverse Charge VAT was introduced to combat missing trader fraud and affects thousands of UK businesses. What is Reverse Charge VAT? Reverse Charge VAT is a mechanism where the responsibility for accounting for VAT shifts from the seller to the buyer of goods or services. […]
- [10 Self Assessment Allowable Expenses You're Probably Missing](https://mhcandco.co.uk/10-self-assessment-allowable-expenses-youre-probably-missing/): 10 Self Assessment Allowable Expenses You’re Probably Missing | MHC & Co 10 Self Assessment Allowable Expenses You’re Probably Missing And How They Could Save You £1,000s on Your Tax Bill MHC & Co Tax Specialists HMRC reports that over £1.3 billion in valid expenses go unclaimed each year by self-assessment taxpayers. The average sole trader could save £1,200-£3,400 annually by correctly claiming all allowable expenses. What Are Allowable Expenses? Allowable expenses are costs you incur wholly and exclusively for business purposes. These can be deducted from your business income before calculating your tax liability, reducing your overall tax bill. […]
- [Ultimate Guide to Video Games Expenditure Credit (VGEC): What You Need to Know](https://mhcandco.co.uk/ultimate-guide-to-video-games/):     Ultimate Guide to Video Games Expenditure Credit (VGEC): What You Need to Know Ultimate Guide to Video Games Expenditure Credit (VGEC): What You Need to Know covers complete eligibility rules, tax benefits, claim process, and expert tips to help developers maximize financial support for their video game production projects while ensuring full VGEC compliance and approval. MHC & Co Creative Industry Specialists The UK video games industry contributes £2.9 billion annually to the economy. With the new Video Games Expenditure Credit (VGEC), eligible companies can claim up to 34% relief on development costs, potentially saving thousands on each […]
- [What Are Management Accounts? – Complete Guide](https://mhcandco.co.uk/what-are-management-accounts-complete-guide/): What Are Management Accounts? – Complete Guide | MHC & Co What Are Management Accounts? – Complete Guide How to Use Financial Insights to Drive Business Growth and Profitability MHC & Co Business Advisors Businesses that use management accounts effectively are 60% more likely to exceed their growth targets and achieve 24% higher profitability than those relying solely on year-end financial statements. What Are Management Accounts? Management accounts are financial reports prepared for internal use by business leaders to make informed operational decisions. Unlike statutory accounts prepared for HMRC and Companies House, management accounts are: Produced regularly (monthly or quarterly) […]
- [Employment Allowance Explained](https://mhcandco.co.uk/employment-allowance-explained/): Employment Allowance Explained: Eligibility, Claims & Savings | MHC & Co Employment Allowance Explained: Eligibility, Claims & Maximum Savings Complete Guide to Reducing Your Employer NICs Bill for UK Businesses MHC & Co Tax Specialists Over 1.2 million UK employers claimed Employment Allowance last year, saving an average of £2,000 each on their National Insurance bills. Yet 25% of eligible businesses still miss out on this valuable tax relief. What is Employment Allowance? Employment Allowance is a government scheme that allows eligible employers to reduce their annual National Insurance Contributions (NICs) bill by up to £5,000 each tax year (2024/25). […]
- [How to Create a Government Gateway Account: Manage Your Taxes Online](https://mhcandco.co.uk/how-to-create-a-government-gateway/): How to Create a Government Gateway Account: Manage Your Taxes Online | HMRC Guide How to Create a Government Gateway Account: Manage Your Taxes Online Complete Step-by-Step Guide to Setting Up Your HMRC Online Account
- [What is an Accrual? Definition & Examples](https://mhcandco.co.uk/what-is-an-accrual-definition-examples/): What is an Accrual? Definition & Examples | Accounting Guide What is an Accrual? Definition & Examples Understanding Accrual Accounting for Accurate Financial Reporting Accounting Experts Over 85% of businesses worldwide use accrual accounting rather than cash accounting. According to financial industry data, companies that properly implement accrual accounting see a 23% improvement in financial forecasting accuracy. What is an Accrual? An accrual is an accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid. This approach provides a more accurate picture of a company’s financial […]
- [VAT on Imported Goods from the EU: What UK Businesses Need to Know](https://mhcandco.co.uk/vat-on-imported-goods/):     VAT on Imported Goods from the EU: What UK Businesses Need to Know VAT on Imported Goods from the EU: What UK Businesses Need to Know explains updated tax rules, customs charges, and import VAT requirements, helping UK businesses stay compliant, reduce costs, avoid common mistakes, and efficiently manage EU imports while meeting all HMRC regulations. UK Business Tax Advisors Since Brexit, over 65% of UK businesses importing goods from the EU have faced challenges with VAT compliance. HMRC reports that incorrect VAT treatment remains the most common error in customs declarations, with penalties averaging £1,500 for non-compliance. […]
- [HMRC Scam Calls: What Are They, How to Avoid and Report Them in 2025](https://mhcandco.co.uk/hmrc-scam-calls/):     HMRC Scam Calls in 2025: How to Recognize, Avoid & Report Them HMRC Scam Calls: What Are They, How to Avoid and Report Them in 2025 explains common scams, warning signs, and how UK taxpayers can protect themselves. In the most recent data up to mid‑2025, HMRC received thousands of scam call reports weekly—with many Brits falling prey to urgent-threat scams demanding immediate payment. Why HMRC Scam Calls Are Still a Major Problem Scammers are getting smarter. Many now use AI-generated voices, spoofed number displays, and convincing scripts to pressure victims, often demanding instant payment to avoid criminal charges. […]
- [HMRC Phishing Emails: How To Spot & Report Suspicious Email](https://mhcandco.co.uk/hmrc-phishing-emails-how-to-spot-report-suspicious-email/): HMRC Phishing Emails: How To Spot & Report Suspicious Email | Cyber Security Guide HMRC Phishing Emails: How To Spot & Report Suspicious Email Complete Guide to Identifying Tax Refund Scams and Protecting Your Personal Information Cyber Security Experts HMRC received over 1.2 million reports of phishing and scam emails in the last year alone, with tax refund scams accounting for 67% of all reported incidents. Victims lost an average of £1,200 to these sophisticated fraud attempts. What Are HMRC Phishing Emails? HMRC phishing emails are fraudulent messages designed to trick recipients into revealing personal information, financial details, or login […]
- [Retirement Planning Strategies for 2025: Maximizing Your Savings](https://mhcandco.co.uk/retirement-planning-strategies-for-2025-maximizing-your-savings/): Retirement Planning Strategies for 2025: Maximizing Your Savings | Financial Planning Guide Retirement Planning Strategies for 2025: Maximizing Your Savings Comprehensive Guide to Building a Secure Financial Future in the New Tax Year Financial Planning Experts 58% of Britons are worried they haven’t saved enough for retirement, according to recent studies. With the right strategies, you could potentially increase your retirement savings by 25% or more by taking advantage of 2025’s specific opportunities. Why Retirement Planning Matters More Than Ever in 2025 With changing pension regulations, evolving tax laws, and economic uncertainties, strategic retirement planning has never been more critical. […]
- [A Complete Guide to Claim Audio-Visual Expenditure Credit (AVEC)](https://mhcandco.co.uk/complete-guide-to-claim-audio/):     A Complete Guide to Claim Audio-Visual Expenditure Credit (AVEC) A Complete Guide to Claim Audio-Visual Expenditure Credit (AVEC) explains how UK productions can claim, the eligibility criteria, and potential benefits. Tax Advisory Specialists The UK’s creative sector tax reliefs supported over £8.5 billion in production expenditure last year, yet industry reports indicate that nearly 30% of eligible companies fail to claim the full Audio-Visual Expenditure Credit they’re entitled to, leaving an average of £120,000 unclaimed per production. Understanding the Audio-Visual Expenditure Credit (AVEC) The Audio-Visual Expenditure Credit (AVEC) is a UK tax incentive designed to support the production […]
- [Dividends In Tax Return: How to Report & Why They’re Split Across Tax Years?](https://mhcandco.co.uk/dividends-in-tax-return/): Dividends In Tax Return: How to Report & Why They’re Split Across Tax Years | MHC & Co Dividends In Tax Return: How to Report & Why They’re Split Across Tax Years? Complete Guide to Dividend Taxation with Practical Examples for UK Taxpayers MHC & Co Tax Specialists Over £48 billion in dividends were paid to UK shareholders last year, but 37% of taxpayers make errors in their dividend reporting, risking an average of £1,200 in penalties and underpaid tax. Understanding Dividend Taxation Dividends are payments made by companies to shareholders from profits after corporation tax. Unlike salary income, dividends […]
- [What is an SA302? – Complete Guide for Self Assessment](https://mhcandco.co.uk/what-is-an-sa302-complete-guide-for-self-assessment/): What is an SA302? – Complete Guide for Self Assessment What is an SA302? – Complete Guide for Self Assessment: Learn how to read, request, and use your SA302 for UK self-assessment taxes. 87% of mortgage applications from self-employed applicants require an SA302. This guide explains everything you need to know about this crucial tax document. What is an SA302 Form? An SA302 is an official HMRC document that shows: Your taxable income breakdown Calculated tax liability Tax payments made Outstanding balances TYPICAL USE CASES Mortgage applications (required by 95% of UK lenders) Visa applications (for self-employed applicants) Loan approvals […]
- [Accounting for Government Grants: A Simple Guide to Get It Right](https://mhcandco.co.uk/accounting-for-government-grants-a-simple-guide-to-get-it-right/): Accounting for Government Grants: A Simple Guide to Get It Right How to Properly Record and Report COVID-19 Support, Grants & Funding   72% of businesses that received COVID-19 grants made accounting errors in their initial reporting. Follow this guide to ensure full compliance with FRS 102 and IAS 20 standards. What Are Government Grants? Government grants are financial assistance provided to businesses to support specific activities, including: Job retention schemes (e.g., furlough payments) Capital investment incentives Research & development funding COVID-19 recovery grants Regional development funds Key Accounting Standards Standard Applies To Key Requirements IAS 20 IFRS reporters Performance […]
- [Management Accounts vs Statutory Accounts: 7 Key Differences](https://mhcandco.co.uk/management-accounts-vs-statutory-accounts-7-key-differences/): Management Accounts vs Statutory Accounts: 7 Key Differences Management Accounts vs Statutory Accounts: 7 Key Differences explains the key distinctions, purpose, and reporting requirements for UK businesses. August 15, 2025 | MHC & Co Accounting Team While statutory accounts are legally required for all limited companies, management accounts provide operational insights that drive 87% of business decisions according to recent surveys. 1. Purpose & Legal Requirement Statutory Accounts Mandatory for all registered companies Filed with Companies House and HMRC Used for compliance and tax calculations Required for shareholders and public disclosure Management Accounts Optional internal documents Used for business decision-making […]
- [Pre VAT Registration Expenses: What You Need to Know to Reclaim VAT](https://mhcandco.co.uk/pre-vat-registration-expenses-what-you-need-to-know-to-reclaim-vat/): Pre-VAT Registration Expenses: How to Reclaim VAT | MHC & Co Pre-VAT Registration Expenses: What You Need to Know to Reclaim VAT Maximizing Your VAT Recovery on Purchases Made Before Registration MHC & Co Tax Specialists Businesses can reclaim an average of £6,800 in VAT on pre-registration expenses, but 43% miss eligible claims due to unclear HMRC rules about qualifying purchases and time limits. What Are Pre-Registration VAT Claims? Pre-registration VAT refers to VAT paid on goods and services purchased before your business was VAT registered but used for taxable business activities after registration. Key Conditions to Claim: Purchases must […]
- [HMRC Penalty Regime: Tax Penalties & Penalty Points Explained](https://mhcandco.co.uk/hmrc-penalty-regime-tax-penalties-penalty-points-explained/): VAT Registration Thresholds and Changes | UK VAT Guide | MHC & Co VAT Registration Thresholds and Key Changes for 2025 HMRC Penalty Regime: Tax Penalties & Penalty Points Explained – learn types of penalties, how points work, and compliance tips. MHC & Co Tax Specialists The VAT registration threshold has been frozen at £90,000 until 2026, affecting over 150,000 UK businesses annually. Understanding when to register is crucial to avoid penalties and optimize your tax position. Current VAT Thresholds (2025/26) UK businesses must monitor their taxable turnover to determine when VAT registration becomes mandatory: Threshold Type Amount Time Period […]
- [VAT Registration Thresholds and Changes | UK VAT Guide | MHC & Co](https://mhcandco.co.uk/vat-registration-thresholds/): VAT Registration Thresholds and Key Changes for 2025 VAT Registration Thresholds and Changes | UK VAT Guide | MHC & Co explains current UK limits, registration rules, and updates for businesses to stay compliant. August 12, 2025MHC & Co Tax Specialists The VAT registration threshold has been frozen at £90,000 until 2026, affecting over 150,000 UK businesses annually. Understanding when to register is crucial to avoid penalties and optimize your tax position. Current VAT Thresholds (2025/26) UK businesses must monitor their taxable turnover to determine when VAT registration becomes mandatory: Threshold Type Amount Time Period Registration Threshold £90,000 Rolling 12-month […]
- [What Is Off-Payroll Working, and Why Do The Rules Exist?](https://mhcandco.co.uk/what-is-off-payroll-working-and-why-do-the-rules-exist/): What Is Off-Payroll Working, and Why Do The Rules Exist? What Is Off-Payroll Working, and Why Do The Rules Exist? This guide explains the rules, compliance requirements, and impact for UK businesses and contractors. August 10, 2025MHC & Co Tax Specialists The off-payroll working rules (IR35) affect over 500,000 UK contractors and aim to prevent tax avoidance by ensuring workers pay similar taxes whether they’re employed or contracted through intermediaries. What Is Off-Payroll Working? Off-payroll working (commonly called IR35) refers to when workers provide services to clients through an intermediary like a limited company, rather than as direct employees. Key […]
- [What is a Bank Feed & How to Set Up for Every Bank Account](https://mhcandco.co.uk/what-is-a-bank-feed-how-to-set-up-for-every-bank-account/): What is a Bank Feed & How to Set Up for Every Bank Account What is a Bank Feed & How to Set Up for Every Bank Account explains how UK businesses can automate transactions and manage accounts efficiently. August 9, 2025MHC & Co Accounting Team A bank feed automatically imports your bank transactions into accounting software, saving 5-10 hours per month on manual data entry while reducing errors by up to 90%. What is a Bank Feed? A bank feed is a secure connection between your bank account and accounting software that automatically imports and categorizes transactions in real-time. […]
- [What is a Cash Flow Statement? How to Prepare One](https://mhcandco.co.uk/what-is-a-cash-flow-statement-how-to-prepare-one/): What is a Cash Flow Statement? How to Prepare One What is a Cash Flow Statement? How to Prepare One explains the steps, format, and tips for accurate UK business cash flow reporting. Published: August 8, 2025 | MHC & Co Accounting Specialists A cash flow statement is one of the three fundamental financial statements that shows how changes in balance sheet accounts and income affect cash during an accounting period. Understanding Cash Flow Statements The cash flow statement (officially called the Statement of Cash Flows) measures how well a company generates cash to pay its debt obligations and fund […]
- [What is Enterprise Investment Scheme? – EIS Explained](https://mhcandco.co.uk/what-is-enterprise-investment-scheme-eis-explained/): What is Enterprise Investment Scheme? – EIS Explained Learn what is Enterprise Investment Scheme? – EIS Explained and how it helps UK investors and startups gain tax relief and growth opportunities. Published: August 7, 2025 | MHC & Co Tax Specialists The Enterprise Investment Scheme (EIS) offers UK investors up to 50% income tax relief plus capital gains tax exemptions when investing in qualifying startups and small businesses. Understanding the Enterprise Investment Scheme The Enterprise Investment Scheme (EIS) is a UK government initiative designed to encourage investment in high-risk early-stage companies by offering substantial tax reliefs to investors. Key Features […]
- [What is R&D Tax Relief? – Explained for UK](https://mhcandco.co.uk/rd-tax-relief/): What is R&D Tax Relief? – Explained for UK A Complete Guide to Research & Development Tax Credits for UK BusinessesThis guide clearly explains what is R&D Tax Relief, how UK businesses can benefit from Research & Development tax credits, and why claiming them can significantly reduce your company’s tax liability while supporting innovation and growth. Published: August 6, 2025 | MHC & Co Tax Specialists The UK’s R&D Tax Relief scheme is one of the most generous business tax incentives, offering up to 33% cash back on qualifying research and development expenditure. Understanding R&D Tax Relief R&D Tax Relief […]

## Pages

- [Corporation Tax](https://mhcandco.co.uk/corporation-tax/): Corporation Tax Return Preparation & Filing   We handle the complete preparation and accurate filing of your CT600 return with HMRC, ensuring full compliance and claiming all available reliefs to minimise your liability. Corporation Tax Services | MHC & CO Maximising Your Company’s Tax Efficiency? Corporation tax is a significant cost for UK companies, but with expert planning and compliance, you can legally minimise your liability. MHC & CO provides comprehensive corporation tax services that ensure compliance while optimising your tax position. Current Corporation Tax Rates 📊 Small Profits Rate Profits up to £50,000 19% Main rate for companies with […]
- [Construction Industry Scheme (CIS) Made Simple](https://mhcandco.co.uk/construction-industry-scheme-cis-made-simple/): CIS Registration & Setup   We handle your registration with HMRC as a contractor or subcontractor under the CIS, ensuring you start off correctly and understand your obligations from day one. Struggling with CIS Deductions and Returns? The Construction Industry Scheme (CIS) can be complex and time-consuming. MHC & CO simplifies CIS compliance for contractors and subcontractors, ensuring accurate deductions, timely submissions, and peace of mind for your construction business. Who Needs CIS Compliance? If you’re operating in the construction industry, you likely need to comply with CIS regulations: Contractors who pay subcontractors for construction work Subcontractors working for contractors […]
- [Blog](https://mhcandco.co.uk/blog/)
- [Disclaimer](https://mhcandco.co.uk/disclaimer/): Disclaimer While we have made every effort to provide accurate and up to date information on our website, the law is constantly changing and affects each person or business in different ways. The information contained within this website is no substitute for specific advice and we will not accept liability if you rely solely on information from the website. It is important that you read this page as it contains important information regarding accessing our website. By accessing this website you agree to the terms and conditions set out below: General Privacy Content Downloads Liability Emails General This website is […]
- [contactme](https://mhcandco.co.uk/contactme/): Save My Contact Details Instantly!Simply download the QR code below and scan it with your phone’s camera to save my contact information directly to your address book. Download Download Ready to Contact Us? Ready to Streamline Your Accounts? Contact MHC & CO today and let our experts handle your Accounts. MHC & Co. Chartered Accountants 54 Gloucester Road North Bristol BS7 0SJ Contact Us Tel: +44 333 789 1010 Fax: +44 117 3737 449 Email: info@mhcandco.co.uk Get Started Contact Us Now © 2025 MHC & Co. Chartered Accountants. All rights reserved.
- [Value Added Tax](https://mhcandco.co.uk/services/value-added-tax/): VAT Return Preparation & Filing   Accurate, on-time filing is essential. We prepare and submit your VAT returns under Making Tax Digital (MTD), ensuring compliance and helping you avoid penalties. VAT Services & Returns | MHC & CO Feeling Overwhelmed by VAT Complexity? Value Added Tax (VAT) can be one of the most complex areas of business taxation. Let MHC & CO handle your VAT compliance, ensuring accuracy, maximizing recoveries, and keeping you on the right side of HMRC regulations. When Do You Need to Register for VAT? VAT registration is mandatory when your taxable turnover exceeds certain thresholds, but […]
- [Business/Company Liquidation](https://mhcandco.co.uk/services/business-company-liquidation/): A Clear, Orderly Conclusion   For directors choosing to wind down a solvent company. We manage the entire process from start to finish—ensuring legal requirements are met, creditors are paid, and remaining assets are properly distributed to shareholders. Company Liquidation & Closure Services | MHC & CO Considering Closing Your Company? Company liquidation is a significant decision that requires professional guidance. Whether you’re closing a solvent company or dealing with insolvency, MHC & CO provides expert liquidation services that ensure compliance, protect directors, and achieve the best possible outcome. Types of Company Liquidation Different situations require different liquidation procedures: Members’ […]
- [Company Formation](https://mhcandco.co.uk/services/company-formation/): Launch Your Business with Confidence   Start strong. We handle the entire process of legally forming your company, so you can focus on turning your vision into reality. Professional Company Formation Services | MHC & CO Ready to Launch Your Business Properly? Starting a business is exciting, but the legal and administrative setup can be daunting. MHC & CO provides professional company formation services that ensure your business starts on a solid legal foundation, compliant with all UK regulations. Why Professional Company Formation Matters ⚖️ Legal Protection Limited liability protection separates your personal assets from business liabilities. 🏢 Professional Image […]
- [Tax Planning](https://mhcandco.co.uk/services/tax-planning/): Tax Planning & Strategy Services | MHC & CO Strategic Tax Planning Services Minimise Your Tax Liability Legally & Maximise Your Wealth | MHC & CO Get Free Tax Planning Review Paying More Tax Than Necessary? Tax planning isn’t about evasion—it’s about smart, legal strategies to structure your finances in the most tax-efficient way possible. While tax preparation looks backward, tax planning looks forward to save you money next year and beyond. Tax Planning vs Tax Preparation Most accountants prepare taxes. We plan them: 📅 Tax Preparation Historical & Reactive Completing forms for what already happened. Necessary, but limited in […]
- [Tax Investigation](https://mhcandco.co.uk/services/tax-investigation/): Expert Support When You Need It Most   Facing a tax investigation can be daunting. You don’t have to face it alone. We stand by you with expert representation, strategic guidance, and unwavering support. Tax Investigation Protection & Support | MHC & CO HMRC Investigation Notice Received? A tax investigation can be stressful, time-consuming, and costly. With HMRC increasingly using sophisticated data analysis to target investigations, no taxpayer is immune. MHC & CO provides expert representation and protection to navigate HMRC investigations effectively. Why Tax Investigations Are Increasing HMRC’s Connect system analyzes data from multiple sources to identify investigation targets: […]
- [Business Plan](https://mhcandco.co.uk/services/business-plan/): The Foundation of Your Financial Confidence Don’t just dream it—plan it, fund it, and achieve it. Let’s build the roadmap to your success. Business Plan Services | MHC & CO Your Vision Deserves a Professional Plan A compelling business plan is more than just a document—it’s your roadmap to success, your pitch to investors, and your strategic blueprint for growth. Let MHC & CO transform your vision into a professional, investor-ready business plan. Why You Need a Professional Business Plan 🏦 Secure Funding Banks and lenders require professional business plans for loan applications. A strong plan dramatically increases your chances […]
- [Partnership Accounts](https://mhcandco.co.uk/services/partnership-accounts/): Annual Partnership Financial Statements Corporation Tax is a key source of government revenue. Companies have a responsibility to contribute their fair share. Partnership Accounts Services | MHC & CO Navigating Partnership Complexity? Partnership accounting involves unique challenges—profit sharing, capital accounts, partner drawings, and complex tax allocations. MHC & CO specializes in partnership accounts, ensuring clarity, compliance, and harmony between partners. What Are Partnership Accounts? Partnership accounts track the financial activities of a business partnership, including: 🤝 Partnership Agreement The foundation—how profits/losses are shared, capital contributions, and partner responsibilities. 📊 Capital Accounts Tracking each partner’s investment, drawings, and share of profits/losses over time. 💰 […]
- [Bookkeeping](https://mhcandco.co.uk/services/bookkeeping/): The Foundation of Your Financial Confidence   Flawless financial records are the foundation of every successful business. We handle your day-to-day bookkeeping, delivering accurate, real-time insights into your financial health. Professional Bookkeeping Services | MHC & CO Drowning in Receipts and Spreadsheets? Bookkeeping is the foundation of every successful business, but it shouldn’t consume your valuable time. MHC & CO provides professional bookkeeping services that give you accurate, up-to-date financial records without the headache. Why Professional Bookkeeping Matters 💰 Tax Compliance Accurate records ensure correct tax calculations and full HMRC compliance, avoiding penalties. 📊 Business Insights Clear financial data helps […]
- [Payroll & RTI](https://mhcandco.co.uk/services/payroll-rti/): Streamline Your Payroll with MHC & CO’s Payroll Bureau and RTI Services Feeling overwhelmed by managing payrolland RTI submissions yourself? You’re not alone. Payroll Bureau & RTI Submission Services | MHC & CO Struggling with Payroll Complexity? Payroll is more than just paying employees—it’s RTI submissions, auto-enrolment pensions, statutory payments, and ever-changing legislation. MHC & CO’s payroll bureau services ensure accuracy, compliance, and peace of mind. What is RTI (Real Time Information)? Since 2013, all UK employers must submit payroll information to HMRC in real time—every time you pay employees: ⏱️ Real-Time Reporting Submit payroll information to HMRC on or […]
- [Management Accounts](https://mhcandco.co.uk/services/management-accounts/): Monthly & Quarterly Management Packs Get a consistent, crystal-clear snapshot of your performance. We deliver key reports—profit & loss, balance sheet, cash flow—so you always know exactly where you stand. Management Accounts Services | MHC & CO Making Decisions in the Dark? Management accounts provide the financial clarity you need to make informed business decisions. Unlike year-end accounts that look backwards, management accounts give you real-time insights to drive your business forward. What Are Management Accounts? Management accounts are regular financial reports (typically monthly or quarterly) that provide detailed insights into your business performance: 📈 Real-Time Performance See how your […]
- [Year-end Accounts](https://mhcandco.co.uk/services/year-end-accounts/): Your Annual Financial Story, Perfected   Integrated seamlessly with your accounts, we calculate your corporation tax liability, prepare the CT600 return, and ensure timely submission to HMRC alongside your financial statements. Year-End Accounts & Statutory Filing | MHC & CO Dreading Your Annual Accounts Filing? Year-end accounts aren’t just a compliance exercise—they’re a crucial business health check. MHC & CO ensures your statutory accounts are prepared accurately, filed on time, and provide valuable insights into your company’s performance. Critical Filing Deadlines 📅 Accounts Deadline 9 months after year-end Companies House filing deadline for private limited companies. 📋 Corporation Tax 12 […]
- [Sole Trader](https://mhcandco.co.uk/services/sole-trader/): Limited liability for Sole Traders ? Corporation Tax is a key source of government revenue. Companies have a responsibility to contribute their fair share. Sole Trader Accounting Services | MHC & CO Running Your Own Business? As a sole trader, you wear many hats—but accounting shouldn’t be your biggest headache. MHC & CO specialises in sole trader accounting, helping you stay compliant, maximise tax efficiency, and focus on growing your business. What is a Sole Trader? A sole trader is the simplest business structure—you’re self-employed and personally responsible for your business: 👤 Simple Setup No need to register with Companies House. Just notify […]
- [Self-Assessment](https://mhcandco.co.uk/services/self-assessment/): Ensure peace of mind this Self-Assessment season. Let us handle the filing for you.   Save valuable time and effort by letting us handle the complexities of Self-Assessment. Self-Assessment Services | MHC & CO Dreading Self-Assessment season? You’re not alone. But it doesn’t have to be stressful! At MHC & CO, we take the complexity out of Self-Assessment, ensuring your taxes are handled accurately and on time, leaving you feeling satisfied and in control. Do You Need to Do a Self-Assessment? Many company directors need to complete a Self-Assessment tax return if they receive income beyond their company salary, such […]
- [About](https://mhcandco.co.uk/about/): Expertise You Can Rely On​ We are a team of specialist accountants and VAT consultants who believe tax compliance shouldn’t be a source of confusion or stress. We partner with you to create efficient systems, mitigate risks, and uncover potential savings. Let us handle the complexities, giving you the freedom to operate with certainty and ease. Intro MHC & Co has been a pillar of financial stability and growth in Bristol, UK for many years. Our unwavering commitment to professional excellence and client satisfaction has positioned us as a trusted advisor to individuals and families seeking to navigate the complexities of […]
- [Services](https://mhcandco.co.uk/services/): Your Complete Financial Toolkit   Every business is unique. Your financial support should be too.Let’s build a service package tailored precisely to your goals. All Services Our Full Range of Services At MHC & CO, we understand the importance of reliable and accurate financial information. Our assurance services provide you with the peace of mind that comes from knowing your financial statements are independently verified by experienced professionals. Benefit from the combined expertise of two dedicated Chartered Accountants who will work closely with you throughout the engagement. Our assurance team has a proven track record of providing high-quality, risk-focused audits […]
- [Contact Us](https://mhcandco.co.uk/contact-us/): Your Next Step to Financial Clarity   Reaching out is the first move toward organized finances, confident decisions, and a stronger business. Let’s start the conversation. Find us on Google Locate and visit us or send us a message! Submit a Request Ready to Contact Us? Make a Call Tel : +44 333 789 1010 Fax : +44 117 3737 449 Send Email Sales: info@mhcandco.co.uk Visit a Office MHC & Co. Chartered Accountants, 54 Gloucester Road North, Bristol. BS7 0SJ Ready to Streamline Your Accounts? Contact MHC & CO today and let our experts handle your Accounts. MHC & Co. […]
- [Home](https://mhcandco.co.uk/): Your Time is Money. Let’s Protect Both.   Disorganized finances drain your energy, your focus, and your bottom line. We specialize in making the complex simple—so you can get back to what you do best: growing your business. Honest tax guidance We help you pay what’s fair—and not a penny more. Your trust comes first, not the tax man’s demands. Access to an expert Whether it’s property, sales of digital products or content creation, we’ve got you covered with our in depth expertise. Peace of mind You’re busy enough to have to deal with the tax man’s paperwork and their annoying […]


[comment]: # (Generated by Hostinger Tools Plugin)