Frequently asked questions

Our limited company accounts service starts from £100 a month, and all-in-one packages for limited companies start from £150 a month. Every business is different, so after a free consultation we give you a fixed monthly fee based on the work involved — no surprise bills. We are not VAT registered, so there is no VAT added to our fees.

No. MyTaxLead is not VAT registered, so the price we quote is the price you pay.

No — we work with clients all over the UK. Most of our in-person visits are in London and the South East, and many clients use our fully online service with phone, WhatsApp and Zoom support.

Yes. We can visit you at your business when needed, anywhere in the UK, or you are welcome to visit us at our office. If you prefer, everything can be done online instead.

Yes. We are supervised by HMRC for anti-money-laundering (registration XVML00000216816), registered with the Information Commissioner's Office for data protection, and registered with Companies House as an Authorised Corporate Service Provider (ACSP). Our trading company, M A Accounts Ltd, is registered in England and Wales (company number 12356630).

Tell us who your current accountant is and we handle the handover — requesting your records, getting authorised with HMRC and making sure nothing is missed. Most switches are straightforward and you don't need to do much at all.

Yes. We deal with HMRC and Companies House on your behalf, help bring late filings up to date and can advise on penalties. The sooner you get in touch, the more we can usually do.

By phone, WhatsApp, email or Zoom — whichever suits you. You also get a secure client portal for documents and invoices. Our office hours are Monday to Friday 9am–7:30pm and Saturday 11am–5pm.

For most private limited companies, annual accounts are due at Companies House 9 months after the end of the financial year. The Corporation Tax return (CT600) is due 12 months after the end of the accounting period, but the tax itself is usually payable 9 months and 1 day after the period ends.

Companies House issues automatic penalties for private companies — from £150 if accounts are up to a month late, rising to £1,500 if more than six months late, and doubled if accounts were also late the previous year. HMRC charges separate penalties for late Corporation Tax returns. We make sure you are never late.

Yes. We contact your previous accountant for the records we need, get authorised with HMRC, and pick up from where things were left.

Packages are tailored to your company. Most combine year-end accounts and Corporation Tax, bookkeeping, payroll, VAT returns and the director's Self Assessment. We confirm exactly what's included in your fixed monthly quote.

Usually, yes. Bundling services under one monthly fee typically costs less than paying for each one separately — and you deal with one accountant for everything.

Yes. As your company grows or your needs change, we can add or remove services and adjust your fixed fee.

Online tax returns must be filed by 31 January following the end of the tax year (5 April), and any tax owed is also due by 31 January. Paper returns are due by 31 October. If you are new to Self Assessment you need to register by 5 October.

HMRC charges £100 as soon as an online return is late. After 3 months, daily penalties of £10 apply for up to 90 days, with further penalties at 6 and 12 months. Interest is also charged on tax paid late.

Making Tax Digital for Income Tax requires sole traders and landlords above an income threshold to keep digital records and send quarterly updates to HMRC. It started in April 2026 for those with qualifying income over £50,000, with lower thresholds following. We help you get set up and stay compliant.

You must register if your VAT-taxable turnover goes over £90,000 in any rolling 12-month period, or if you expect it to go over £90,000 in the next 30 days alone. You can also register voluntarily below the threshold.

For most businesses, VAT returns and payment are due 1 calendar month and 7 days after the end of each VAT period.

All VAT-registered businesses must keep digital VAT records and submit returns using compatible software. We handle the submissions for you.

Under Real Time Information (RTI), employers must send HMRC a Full Payment Submission on or before each payday.

If you pay yourself a salary through your limited company, it normally needs to go through payroll. We can advise on the most tax-efficient salary level.

Employers must give each employee a P60 by 31 May after the end of the tax year.

Limited companies generally need to keep records for at least 6 years from the end of the financial year. Sole traders need to keep records for at least 5 years after the 31 January Self Assessment deadline for the relevant tax year.

Yes. We can bring your records up to date and then keep them current every month.

No. We work with the records you already have and can recommend a simple setup that suits your business.

For individual landlords, mortgage interest is no longer deducted from rental income. Instead you receive a basic-rate tax credit (20%) on the interest. We make sure this is applied correctly.

Yes — in most cases rental income needs to be declared, usually through Self Assessment. We can register you and file your return.

Yes. Landlords with qualifying income over the threshold must follow Making Tax Digital for Income Tax. It started in April 2026 for those over £50,000, with lower thresholds following.