MCO Accountancy
york
Accountants for Small Businesses, Digital Services and Trades in York
Why Choose Us?
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
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?
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 York, North Yorkshire and are Quickbooks, Quickfile and Xero partners. If we can be of any assistance, please call or email hello@mcoaccountancy.co.uk