Small Business Accounts

How our Accountants can help you!

• Small Business Accounting Specialists

  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:

  • Corporation Tax returns: We will ensure that your business submits its tax returns on time and that you take advantage of all the tax reliefs and allowances available to you.
  • VAT returns: We will help you to register for VAT, if necessary, and will ensure that your VAT returns are accurate and submitted on time.
  • Payroll and CIS returns: We will help you to set up and run a payroll scheme and will ensure that your CIS returns are accurate and submitted on time.
  • Bookkeeping and accounting: We will help you to maintain accurate records of your business’ financial transactions and to prepare financial statements that comply with all the relevant accounting standards.

  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:

  • Business planning and forecasting: We will work with you to develop a detailed business plan and financial forecast that will help you to understand your business’ financial position and to plan for the future.
  • Tax planning: We will help you to minimize your business’ tax liability and to take advantage of all the tax reliefs and allowances that are available to you.
  • Growth strategies: We will help you to identify new opportunities for growth and to develop a strategy for taking your business to the next level.
• Annual Accounts Preparation

  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.

• Business Advice

  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.

• Cash Flow Management

  We can assist you with managing your cash flow by creating forecasts, analysing trends, and identifying opportunities to improve cash flow.

• Company Formation

  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.

• Financial Planning

  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.

• Payroll Management

  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.

• Management Accounting

  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.

• R&D Tax Credits

  We can help you claim R&D tax credits, which can provide a valuable source of funding for your business.

• Small Business Bookkeeping

  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.

• Tax Planning and Preparation

  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.

• VAT Services

  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.

• Company Formation

  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.

• What Is A Small Business?

  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.

• What Services Does A Small Business Accountant Offer?

  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.

• How Can A Small Business Accountant Save Me Money?

  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.

• Do I Need An Accountant if My Business Is Small?

  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.

• How Often Should I Meet with My Small Business Accountant?

  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.

• How Much Does a Small Business Accountant Cost?

  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.

• Can a Small Business Accountant Help Me with My Taxes?

  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.