Why is My Company Tax Bill So High?
Many UK businesses ask themselves the question, ‘why is My Company Tax Bill So High?’. You’ve probably asked yourself this question too. Especially if you’ve found your way to this article. This article aims at highlighting the most common factors contributing to high corporation tax bills for UK limited companies and provides strategies to manage […]
Voluntary VAT registration Could Benefit Your Business
Running a business in the current economic climate can be challenging so the idea of voluntarily registering for another tax may seem counterintuitive at first. However, many savvy business owners are leveraging the benefits of voluntary VAT registration to help take their business to the next level. What is VAT The first thing to understand […]
Director’s Loan Account for Limited Company Directors
Most limited company directors have a director’s loan account (DLA), but not everyone understands what it is. In this article, we will outline the main concept of the director’s loan account and how it affects both you and your limited company. What is a director’s loan Account (DLA) and does every director have one? A […]
Maternity Pay for Company Directors
One of the reasons many people start their own business is for the freedom and flexibility that comes with being your own boss. But what happens when you are looking to start a family? Are you entitled to Maternity pay? If you are employed in a job, maternity pay is straightforward, and your employer will […]
How Much Do Accountants Charge on Average?
This question comes up time and time again for us when speaking to new clients. It’s quite a hard question to answer and it’s often very similar to asking a builder how much an extension could cost on a house? Initially, we need to understand what type of extension you need, what its being built […]
The Benefits of Outsourcing Accountancy Services for Limited Companies and SMEs
For limited companies and SMEs, managing finances is a critical aspect of running a successful and growing business. One of the key decisions many businesses face is whether to outsource their accountancy services to an external firm or to employ an in-house accountant. Outsourcing offers several distinct advantages, especially for growing businesses. Cost Efficiency Outsourcing […]
Your Guide to Business Tax Planning: Expert Step-by-Step Advice from MJ Kane Accountants
Navigating business tax planning can be less than straightforward for many limited companies and SMEs, without the right expert advice and guidance. With ever-changing tax regulations and the increasing need for strategic financial planning, having this expert advice is critical. MJ Kane Accountants is experienced in working with businesses across the UK, from their Belfast […]
What changes could we see to R&D Tax Credits under a Labour Government?
As the UK general election looms just a month away, the potential for a government change is looking more and more likely as time goes by. Staying up to date with developments as an Accountancy firm with thousands of clients across the UK, we delve into what this shift could set about for R&D credits. […]
Unlocking Growth Potential: Financial Management Tips for Limited Companies
In today’s competitive business landscape, unlocking growth potential is essential for the sustainability and success of any limited company. Effective financial management lies at the heart of this endeavour, providing a solid foundation upon which businesses of all sizes can thrive. Whether you’re a startup seeking rapid expansion or an established enterprise aiming to maintain […]
The Essential Guide to Annual Accounts for Limited Companies in the UK: What You Need to Know
As a limited company operating in the UK, understanding the intricacies of annual accounts is crucial for maintaining compliance, assessing financial health, and making informed business decisions. Annual accounts serve as a comprehensive financial report that provides stakeholders with insight into the company’s performance, profitability, and financial position over a specific period. In this essential […]
