Business focus - MBC Accountants

Who are MBC Accountants?

MBC accountants are a local and dynamic accountancy practice with a difference. Focusing on client service, they offer an innovative, proactive and transparent service to all clients.

Twenty years ago, Fiona Rook, founder of MBC Accountants, envisaged her practice to be ‘more like a shop than a standard accounting practice’. With a friendly team, pick-and-mix list of service offerings, fixed fee approach and incredible six-week turnaround service for all year end work, she achieved her vision.

What they do...

Paperless practices and cloud accounting software has put MBC Accountants ahead of the game. They can reshape your business, offering real time data, collaborative accounting, access from anywhere (that has internet) and also, importantly, a better relationship with your accountant.

Technology plays a huge role in today’s accounting system. MBC Accountants drive to improve efficiencies and help your business grow. 

Need a finance department, but too small?

The outsourced MBC Accountants' Finance Department service is becoming more and more popular, offering the perfect solution for busy businesses. They take care of all the standard day-to-day finance tasks, freeing-up time for you get on and run your business and achieve the lifestyle you want.

What is 'up and coming'? 

Making Tax Digital for VAT

From April 2022, this is being extended to all VAT registered business regardless of turnover.

Currently only businesses with turnover above £85,000 are included, but from April 2022 ALL VAT registered businesses will need to comply.

What’s involved?

- Keeping accounting records electronically

- Submit VAT returns to HMRC using MTD software

MBC Accountants can help you choose the right software, get it set up for your business and offer training for you to keep your ‘books’ yourself - or they can even do that for you.

Making Tax Digital for Income Tax

The next big thing around the corner is Making Tax Digital for Income Tax.

HOT OFF THE PRESS: Making Tax Digital for Income Tax from has been delayed until 2024 (was April 6, 2023).

Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for Making Tax Digital for Income Tax from 2024.

This means:

- Keeping accounting records electronically

- Filing quarterly returns to HMRC

- Submitting a final end of period statement with any adjustments to correct the year

If you need support with any of this, MBC Accountants are happy to help. 

MBC Accountants are based in Okehampton with an office in Exeter. Get in touch to see how they could work with your business. Call Kassandra on 01837 55482 or visit www.mbcaccountants.co.uk

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