How to Do Accounting for a Small Business: A Beginner’s Guide
A simple guide to small business accounting and when it makes sense to bring in professional help.
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Making Small Business Accounting Straightforward
Many owners want to know how to do accounting for a small business, especially in the early stages. While it’s possible to manage your own records, tax returns, and expenses, it can quickly become time-consuming and risky if you’re not familiar with HMRC rules. At MJ Kane, we guide small business owners through the basics and provide professional support when they need it most.
From bookkeeping and expense tracking to company accounts and self-assessment, we make sure nothing is missed. By outsourcing to an experienced accountant, you not only save time but also avoid costly mistakes — and often reduce your overall tax bill.
Can I Do My Own Accounting for a Small Business?
Yes, but it requires time, organisation, and knowledge of HMRC rules. Many owners outsource to save time and reduce errors.
What Records Do I Need to Keep?
You’ll need to track all income, expenses, invoices, and receipts. Our bookkeeping service makes this easy and stress-free.
Should I Use Accounting Software?
Cloud tools like Xero or QuickBooks help manage records, but they still require setup and oversight. We’ll guide you on the best option.
When Should I Hire an Accountant?
If your accounts are becoming complex, e.g. VAT, payroll, or growth it’s time to use professional support. Our tax planning services ensure you stay compliant and efficient.
Related Services
Clear, compliant accounts built for confident decision-making.
Smart, accurate tax returns that minimise what you owe.
VAT registration, returns, and compliance made simple.
Accurate payroll and PAYE, on time, every time.
Smart tax strategies to reduce liabilities and boost profit.
Accurate, reliable bookkeeping to keep your records in order.
Need an Expert Accountant for a Start-Up?
Call: 028 9335 0290
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MJ Kane
Partner & Senior Accountant ACCA Qualified | BSc Accounting
SME Tax Compliance | Crypto Taxation Compliance | Business Structuring
Jonathon Greenaway
Partner & Senior Accountant ACCA Qualified | BSc Hons Business Studies
SME Tax Compliance | HMRC Enquiries | Inheritance Tax
Meet the Partners
Meet the Partners
MJ Kane
Partner & Senior Accountant
ACCA Qualified | BSc Accounting
SME Tax Compliance | Crypto Taxation Compliance | Business Structuring
Jonathon Greenaway
Partner & Senior Accountant
ACCA Qualified | BSc Hons Business Studies
SME Tax Compliance | HMRC Enquiries | Inheritance Tax
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We've worked with over 8,000 satisfied clients across the world.
We had a great experience here. The team have helped me all the way with setting up of a company, Payroll, tax returns and general advice. Always a speedy friendly response, no matter the query or issue we may have.
Julie McKay
MJ Kane and especially Nathan, highly recommended. He was so easy to deal with, very professional and knowledgeable. It made our lives easier and was such a relief to have help with the daunting world of tax.Â
Michelle McBratney
MJ Kane and especially Nathan, highly recommended. He was so easy to deal with, very professional and knowledgeable.I would not hesitate to return or to recommend Nathan to anyone needing financial assistance.
Ruth Wasson
I have been working with Jonathon since setting up my company and he has been consistently amazing! The company are very approachable and nothings ever a silly question. I wouldn’t go anywhere else and can highly recommend.
