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 […]
HMRC’s Record Tax Receipts and the Impact of Stealth Taxes
The recent statistics released by HMRC, and reported on by the ONS (Office for National Statistics), on tax receipts reveal a significant increase in tax collection, amounting to £827.7 billion for the latest financial period. This marks an almost 5% increase from the previous period, with a noteworthy rise in what are termed “stealth taxes”. […]
Navigating VAT Regulations: A Guide for Limited Company Owners
In the intricate world of business finance, VAT regulations can be both daunting and essential for limited company owners to comprehend. Understanding these regulations not only ensures compliance but also opens avenues for strategic financial planning. Here’s a comprehensive guide to help navigate through VAT regulations smoothly for you as a business owner and Company […]
Maximising Tax Efficiency: Strategies for Limited Companies
As the end of the HMRC tax year approaches, limited companies in the UK are now working to optimise their tax efficiency. In conjunction, partnering with proficient tax accountants like MJ Kane Accountants, can offer invaluable support and assistance in the implementation of various strategies. With offices in Belfast, Liverpool, and London, MJ Kane Accountants […]
Spring Budget 2024
The Chancellor presented his final spring budget before the election, emphasizing reforms designed to streamline the tax system, promote fairness, adapt to economic changes, and bolster public finances. As in past budgets, there are several consultations and additional details forthcoming in the following weeks. SPRING BUDGET IMPACT ON BUSINESSES Full Deduction for Leased Assets Within […]
