Accountants in York | MCO Accountancy

MCO Accountancy
york

Accountants for Limited Companies and Owner Managed Businesses in York

Your Accountant in York

MCO Accountancy provides accounting and tax support for you and your business. No jargon, just easy to understand advice.

York is a thriving City to do business and having a good accountant at your side whether you are a limited company or self-employed is essential.

As an independent accountancy practice in York, North Yorkshire, our mission is simple: to help business owners like you stay organised, tax compliant, stress-free, and focused on growth.

Making Tax Digital (MTD) – if you are self-employed, please read our MTD section or contact us for advice and we’ll guide you through the process.

For more than 30 years, we’ve built a reputation for being professional, reliable, and always on time. Our clients trust us to keep their accounts in order and we’d love to do the same for you.

We can help you with

Based in York, we’re here to support you — whether you’re just starting out or already established.

Limited Company Accounts & Filings

We prepare and file your company accounts with Companies House and HMRC, ensuring full compliance and timely submission.

Sole Trader Accounts

Tailored accounting services for sole traders, helping manage income, expenses, and tax efficiently with full

Making Tax Digital

We ensure your business complies with HMRC’s Making Tax Digital rules using secure, cloud-based accounting software and systems.

Tax Returns

We complete and file accurate personal and business tax returns, reducing stress and ensuring no deadlines are missed.

Bookkeeping Solutions

Reliable bookkeeping services to keep your financial records organized, accurate, and ready for year-end accounts and tax returns.

New company setup

We help register your new company, handle paperwork, and set up everything needed for a smooth business start.

What our Client’s Say

I've used MCO for quite a few years now and have nothing but praise for Mike and his team. Friendly, communicative, highly-professional, courteous and helpful. If I ever need anything, they provide it to me without delay, and helpfully prompt me if I've forgotten to give them something, like supporting documents that they need to make submissions on my behalf. MCO is a very safe pair of hands. Recommended!

Thank you for being amazing as always, we are feeling so much better about our accounts now.

Since using MCO accountancy, the stresses of running my business have been made so much easier by their handling of my taxes. Always there at the end of the phone for advice when needed. My end-of-year taxes are taken care of quickly, efficiently, and pain-free! A wonderful, friendly company.

just starting out or have a question?

What is Making Tax Digital?

It’s all called Making Tax Digital or MTD for short and this will mean that you will have at least five interactions with HMRC per year using software to report directly. You will be able to do this yourself or it can be done via your accountant. MTD for VAT is already in place (since 2019). This article focuses on MTD for eligible individuals.

From April 2026 MTD ITSA (Income Tax & Self Assessment) will affect sole traders and landlords with turnover above £50,000, dropping to £30,000 in April 2027 and then to £20,000 April 2028.

MTD has been running since April 2019 for VAT. MTD for ITSA for self employed taxpayers and landlords is now due to be phased in from 6 April 2026 (delayed from 6 April 2024).

MTD frequently asked questions...

1. What are the timescales?

MTD for ITSA effective from 6th April 2026.
Self-employed individuals and landlords with turnover greater. than £50,000, will be mandated to join first, from 6th April 2026
Those individuals with income greater than £30,000 will join from 6th April 2027.
No sign whatsoever, so far, of MTD and Corporation Tax!

2. Can I opt out?

Unfortunately not, although there are some exclusions, such as turning over less than £50,000 (£30,000 from 2027), being a trustee of a charitable trust, age, disability and location meaning you have no internet connection. MTD is designed to include anyone carrying out a trade, profession or a vocation. A property business, or any other income chargeable to income tax. The positive side is that with the right system in place, you could possibly have more relevant information about your business and the process of submitting information to HMRC shouldn’t be a chore.

3. What software should I use?

This will depend on your circumstances and your bookkeeping skills. Most of us have a smart phone and there are plenty of apps that will take pictures of receipts and keep them stored, it is what you do with the information from that point onwards. Most business owners prefer their accounts to be kept up to date by their accountant. Therefore, we would suggest you have a MTD conversation with him or her for some advice for a smooth transition. So before you decide on a particular app or software supplier such as Quickbooks Online, Xero, FreeAgent etc, why not have a chat with your accountant about the best way forwards for your needs. MCO Accountancy are based in Haywards Heath, West Sussex and are Quickbooks, Quickfile and Xero partners. If we can be of any assistance, please call or email Mike – mike@mcoaccountancy.co.uk (Updated April 2025)

MCO Accountancy
york

Your Accountant in York