MMBA Chartered Certified Accountants & Registered Auditors

MMBA is the best place to come for personal tax advice in London. Our team of dedicated tax advisors and accounts can offer you expert advice on all aspects of personal taxation and calculate the amount of the income tax you should pay.

Our team can give you practical advice about how to protect yourself from the repercussions of filing late or making errors. With the right income tax advice London clients can easily avoid the increased penalties that HMRC now levy and relax in the knowledge that their affairs are organised in full compliance with UK tax regulations.

If you are looking for accountancy services Luton, like most major towns, can offer you a bewildering choice. Sorting through the accounting firms in Luton to find the one that will most precisely meet your needs can seem daunting but we can make the choice easy.

Dividends can only be declared out of a company’s available undistributed profits, and if the payments are to be legal then the correct administrative procedures need to be followed. If a director sanctions illegal dividend payments, there can be significant tax for both the individual concerned and the company even if the director was unaware of the nonvalidity of the dividend at the time.

Making a negligible value claim Where assets that have become worthless, it may be possible to make a negligible value claim, allowing a loss to be realised which can be set against chargeable gains...

Where assets that have become worthless, it may be possible to make a negligible value claim, allowing a loss to be realised which can be set against chargeable gains to reduce the capital gains tax liability.

Dividends can only be declared out of a companyu2019s available undistributed profits, and if the payments are to be legal then the correct administrative procedures need to be followed.

We have previously described cryptocurrency as a “challenging” area for accountants. It is for this reason that, as a responsible accountancy firm, we will refrain from making blanket statements on the internet about which cryptocurrency is the “best” investment at any particular point in time.

We have previously described cryptocurrency as a “challenging” area for accountants. It is for this reason that, as a responsible accountancy firm, we will refrain from making blanket statements on the internet about which cryptocurrency is the “best” investment at any particular point in time.

Many people are familiar with the term “Chartered Accountant” as a job title but do not really understand the difference between the roles of a regular accountant and a chartered accountant.

For an accountant, Cryptocurrency is - to say the least - a challenging area. For a non-accountant cryptocurrency is an absolute minefield. Crypto offers the possibility of huge rewards, but that potential comes with huge risk and we would always suggest that anyone thinking of getting involved engages the services of an experienced Cryptocurrency accountant.

Tax efficiency is an important consideration, but when investing money into “offshore” accounts it is important to get high quality offshore tax advice. London, as a vibrant international financial centre is the obvious place to look for such help.

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On cessation, many directors find that monies have accumulated over the years which need to be distributed to shareholders before closure — preferably in the most tax-efficient way. Dividends may have been made to the full extent possible from realised profits previously but there may still be further monies to distribute.

A ‘Directors Loan Account’ (DLA) is an account in the company’s financial books that records all transactions between a director who is a participator (or another participator) and the company.

On cessation, many directors find that monies have accumulated over the years which need to be distributed to shareholders before closure — preferably in the most tax-efficient way. Dividends may have been made to the full extent possible from realised profits previously but there may still be further monies to distribute.

A ‘Directors Loan Account’ (DLA) is an account in the company’s financial books that records all transactions between a director who is a participator (or another participator) and the company.

As Mark Twain is reported to have observed “nothing is inevitable except for death and taxes” and while we sincerely hope that your dealings in cryptocurrency will never involve fatalities, we are afraid that you do have to accept that they will certainly attract tax.

As Mark Twain is reported to have observed “nothing is inevitable except for death and taxes” and while we sincerely hope that your dealings in cryptocurrency will never involve fatalities, we are afraid that you do have to accept that they will certainly attract tax.

There is a commonly held view that everything costs more in London than it does anywhere else in the country. Visitors to Britain’s capital city often remark on this phenomenon and it contributes to the often misplaced perception that the services of professionals such as lawyers and accountants must be prohibitively expensive if they have offices with a London address.

There is a commonly held view that everything costs more in London than it does anywhere else in the country. Visitors to Britain’s capital city often remark on this phenomenon and it contributes to the often misplaced perception that the services of professionals such as lawyers and accountants must be prohibitively expensive if they have offices with a London address.

A wise man once said “nothing is inevitable except for death and taxes” and it is true that even in the cutting edge world of cryptocurrency tax remains inevitable and because the tax authorities are still undecided as to exactly what cryptocurrency actually is the tax regulations are tremendously complex.

A wise man once said “nothing is inevitable except for death and taxes” and it is true that even in the cutting edge world of cryptocurrency tax remains inevitable and because the tax authorities are still undecided as to exactly what cryptocurrency actually is the tax regulations are tremendously complex. That is why, if you are going to be sure your crypto tax affairs are in order you will need the help of an experienced crypto tax accountant.

You may not be aware of the personal tax account, and if you are you should not feel bad. The system was set up back in late 2015 to enable people to take care of their tax affairs quickly and simply online. New services and capabilities are being added to the site all the time as part of HMRC’s digital tax strategy.

You may not be aware of the personal tax account, and if you are you should not feel bad. The system was set up back in late 2015 to enable people to take care of their tax affairs quickly and simply online. New services and capabilities are being added to the site all the time as part of HMRC’s digital tax strategy.