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Our Small Business Accounting service provides comprehensive financial management solutions to help small businesses stay on top of their finances and make informed decisions.
We offer a wide range of accounting and financial services, including bookkeeping, tax planning and preparation, financial statement preparation, payroll processing, and general accounting support. Our team of experienced accountants has the knowledge and expertise to handle all your financial needs, allowing you to focus on running your business.
At MJ Kane & Co Accountants, we understand that every business is unique. That’s why we offer personalised solutions that are tailored to meet the specific needs of your business. Whether you’re just starting out or are an established business looking for more sophisticated financial management, we can help.
Our team of dedicated accountants is committed to providing you with high-quality, timely service that helps you achieve your financial goals. We use the latest technology to streamline our processes, ensuring accuracy and efficiency. You can have peace of mind knowing that your finances are in good hands.
As leading accountants for companies, we understand that staying compliant with all the tax laws and regulations can be a daunting task, but we are here to help you every step of the way. We offer comprehensive services that cover all aspects of small business taxation, including:
In addition to our compliance services, we also offer a range of other business services that can help your business to grow and thrive. These include:
Preparing annual financial statements is a legal requirement for businesses in the UK. Our accountants can help prepare annual accounts in accordance with accounting standards and regulations.
Our team can help you make informed decisions by providing valuable insights and guidance. We can assist you with business planning, financial forecasting, and budgeting.
We can assist you with managing your cash flow by creating forecasts, analysing trends, and identifying opportunities to improve cash flow.
We can assist you with the formation of your company, including registering your business with Companies House, setting up your business structure, and providing advice on legal requirements.
Analysing financial data is important for understanding a business’s performance and identifying areas for improvement. Our small business accountant service can provide financial analysis and recommend strategies to help businesses increase revenue, reduce costs, and improve profitability.
Our team of financial experts can help you develop a long-term financial plan that takes into account your business goals and objectives, as well as your personal financial aspirations.
Managing employee payroll can be time-consuming and complicated. Our professional accountancy services can help with calculating employee wages, taxes, and benefits, ensuring that businesses are compliant with relevant regulations.
We can provide you with detailed and accurate financial reports to help you make informed decisions and monitor the financial health of your business.
Regular financial reports are essential for monitoring business performance. We can prepare management accounts, which provide insights into the financial health of the business, including cash flow, revenue, and expenses.
We can help you claim R&D tax credits, which can provide a valuable source of funding for your business.
This involves recording and tracking all financial transactions in a systematic and organised way, including invoices, expenses, and payments. Accurate bookkeeping is crucial for maintaining financial records and providing insights into the financial health of the business.
UK Tax laws and regulations are complex and ever-changing. We can provide advice on tax planning strategies and prepare annual tax returns to ensure businesses are compliant and taking advantage of all available tax deductions and credits.
Our team of tax experts can help you stay compliant with tax laws and regulations, and minimise your tax liabilities. We can assist you with tax planning, preparation of tax returns, and dealing with HM Revenue & Customs.
If a business is registered for VAT, they must submit regular VAT returns to HM Revenue & Customs. An accountant can help businesses understand their VAT obligations and prepare and file VAT returns on time. Our team can help you navigate the complexities of Value Added Tax (VAT), including registration, preparation of VAT returns, and advice on compliance.
Starting a new business involves a lot of paperwork and legal requirements. We can assist with company formation, including registering the business with Companies House and HM Revenue & Customs.
A small business is typically defined as a privately-owned company with fewer employees and less revenue than larger corporations. The exact definition of a small business can vary depending on the industry and country, but generally, small businesses have fewer than 250 employees in the United Kingdom.
Small businesses can operate in a variety of industries, including retail, services, manufacturing, and technology. They may be sole proprietorships, partnerships, limited liability companies (LLCs), or corporations.
Small business accountants offer a range of financial services such as bookkeeping, tax planning and preparation, financial analysis, payroll management, and more such as our team in MJ Kane & Co.
Hiring professional accountants can help you manage your finances and provide advice to help your small business grow.
An experienced small business accountant can help you identify areas where you can save money and reduce expenses. They can also provide advice on tax planning and ensure that you are taking advantage of all available tax deductions and credits.
Even if your business is small, having an accountant can be beneficial. They can help you manage your finances and provide advice on how to grow your business. It’s important to have accurate financial records, especially when it comes to tax time.
The frequency of meetings with your accountant will depend on the complexity of your business and your financial situation. Typically, it’s recommended to meet at least once a quarter to review financial statements and discuss any concerns or questions you may have.
The cost of a small business accountant will vary depending on the services they provide and the complexity of your financial situation. Some accountants charge an hourly rate, while others charge a monthly retainer. It’s important to discuss pricing and services with your accountant before hiring them.
Yes, small business accountants can help with tax planning and preparation. They can ensure that you are compliant with tax laws and regulations and help you take advantage of available deductions and credits.