Tax returns

Taxes can be complex and time-consuming, especially with the constant changes to tax rules and regulations. At MAC Accounting, we take the stress out of tax by ensuring your returns are filed on time, accurately, and in line with the latest HMRC requirements. We don’t just complete your returns — we actively look for all legitimate opportunities to reduce your tax liability.

Our tax return services include:

Self-Assessment Tax Returns
For individuals, landlords, sole traders, and company directors. If you receive income outside of PAYE, you’re likely required to submit a Self-Assessment tax return each year. We ensure your return is complete, accurate, and takes advantage of all allowable deductions and reliefs to minimise your tax bill.

Partnership Tax Returns
If you operate as a partnership, you’ll need to file an annual partnership tax return to report the business’s income and expenses. We prepare and submit these returns, ensuring accuracy and helping each partner understand their share of profits for their own personal tax returns.

Corporation Tax Returns
Limited companies must submit a Corporation Tax return to HMRC, even if no tax is payable. We calculate your company’s taxable profits, prepare the necessary submissions, and ensure all available reliefs and allowances are claimed to keep your tax bill as low as legally possible.

Capital Gains Tax (CGT) Planning and Reporting
Selling property, shares, or other assets may trigger a Capital Gains Tax liability. We provide advice on how to structure disposals in the most tax-efficient way and ensure all necessary reporting is handled accurately and on time.

For UK residential property sales, HMRC requires a Capital Gains Tax Return to be filed, and any tax due paid, within 60 days of completion. Failing to meet this strict deadline can lead to penalties and interest charges.

We’ll ensure your CGT reporting is not only compliant but fully considers any available reliefs and exemptions to help minimise your liability.