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Business Tax Planning Service & Advice

At MJ Kane & Co Accountants, we understand that effective business tax planning is crucial to the success of any business. With years of experience in providing tailored tax planning solutions, we have helped numerous businesses in the UK to minimise their tax liabilities, maximise their profitability, and achieve their financial goals.

Every business is unique, and therefore requires a customised approach to tax planning. Our team of qualified tax professionals is dedicated to understanding the unique needs and goals of each business we work with. We take the time to get to know your business, its operations, and its financial objectives, to develop a tax planning strategy that is tailored to your specific needs.

Our accountants offer a comprehensive range of business tax planning services, designed to help businesses of all sizes and across a range of industries. Whether you’re a small business owner or a large limited company, we can provide you with the expertise and support you need to achieve your tax planning goals.

We believe in providing our clients with a proactive and responsive service. Our team keeps up-to-date with the latest tax laws and regulations to ensure that your business remains compliant, and we are always available to answer any questions or concerns you may have.

We understand that tax planning can be complex and time-consuming, which is why we offer a hassle-free service that takes the stress out of tax planning. Our goal is to help you achieve financial peace of mind by providing you with the best possible tax planning solutions. In order to offer an all-round service, we also work closely alongside key experts for financial advice and planning.

How our Accountants can help you!

  • Business Tax Planning & Advice

    Our tax planning and advice services are designed to help businesses minimise their tax liabilities while maximising their profitability. We provide expert advice on a range of tax planning strategies, including tax-efficient business structures, employee incentives, capital gains tax planning, and inheritance tax planning. Our team of qualified tax professionals stays up-to-date with the latest tax laws and regulations to ensure that your business remains compliant.

  • Tax Compliance

    Our tax compliance services ensure that businesses comply with all tax laws and regulations. We assist businesses with the submission of tax returns, VAT returns, and other tax-related documents, to ensure that they meet all deadlines and avoid penalties. Our team of experts will also help you navigate complex tax laws and regulations, minimising the risk of non-compliance.

  • Tax Relief

    We understand that businesses are always looking for ways to save money and increase their profitability. That’s why we offer tax relief services to help businesses reduce their tax liabilities and free up cash flow. Our tax relief services are designed to help businesses save money on their tax bills and increase their financial performance. We take the time to understand your business and its unique tax relief needs to develop a customised tax relief plan that works for you.

  • Tax Investigations

    In the event of a tax investigation by HM Revenue & Customs, we provide support and guidance to help businesses deal with the investigation smoothly and effectively. We can help you respond to information requests, negotiate with HMRC, and provide expert advice on minimising any potential penalties.

  • Tax-efficient Business Structures

    Our tax-efficient business structures service helps businesses structure their operations in the most tax-efficient manner possible. We assist businesses in choosing the best legal structure for their needs, such as limited companies, partnerships, and sole traders. We also provide advice on issues such as corporate reorganisations, share buybacks, and share capital reductions.

  • International Tax Planning

    Our international tax planning services provide businesses with advice on managing their tax affairs in a global context. We assist businesses in understanding the tax implications of cross-border transactions, transfer pricing, and withholding tax. Our team of experts has experience in managing tax affairs in different countries and can provide you with comprehensive advice on managing your international tax liabilities.

  • Making Tax Digital (MTD)

    Making Tax Digital (MTD) is a UK government initiative that requires businesses to keep digital records and submit tax returns online. At MJ Kane & Co Accountants, we understand that complying with MTD can be a daunting task for many businesses. That’s why we offer a comprehensive MTD compliance service to help businesses stay compliant with the new regulations.

    Our MTD compliance service includes the following:

    1. Initial assessment: We carry out an initial assessment of your business to determine its MTD compliance requirements.
    2. Software selection and implementation: We assist businesses in selecting and implementing MTD-compliant accounting software that is best suited to their needs.
    3. Training and support: We provide training and support to help businesses use MTD-compliant accounting software effectively, and ensure that they understand their MTD obligations.
    4. Digital record keeping: We assist businesses in setting up and maintaining digital records in compliance with MTD regulations.
    5. MTD filing: We ensure that businesses submit their tax returns online, in compliance with MTD regulations.
  • Business Growth

    MJ Kane can perform a detailed review of your business. The aim of this exercise is to identify areas of strength and weakness in your business. Highlighting areas to push and areas to improve. Helping you make your business stronger and more successful.

  • Financial Advice and Planning

    Financial planning is overlooked by many businesses and individuals. Planning ahead can be the best decision to safeguard your finances. MJ Kane work closely with a key industry leader for financial advice and planning for our clients. We work together to help with:

    • Investment Planning
    • Retirement Planning
    • Protection Planning
    • Corporate Services
    • Banking and Mortgages
  • Some Ways We Help Clients Save

    We utilise a variety of tax planning strategies to help business become more tax efficient some of these include:

    1. Review company expenses to ensure all allowable deductions are claimed.
    2. Pay dividends instead of salary (up to the NIC threshold) to minimize Income Tax and National Insurance contributions.
    3. Utilise tax-efficient employee benefits such as childcare vouchers or cycle-to-work schemes.
    4. Consider purchasing company cars personally and offsetting against mileage to reduce tax liability.
    5. Write off bad debts to claim Corporation Tax relief.
    6. Structure director loans to avoid tax implications.
    7. Transfer shares to a spouse or civil partner to utilize their personal tax allowances.
    8. Strategically structure the company’s financial year-end to optimize tax planning opportunities.
    9. Maximize capital allowances by utilizing the annual investment allowance (AIA) for capital expenditure on plant and machinery, claiming all available WDA, and considering capital allowances in buildings for non-structural items.
    10. Make pension contributions for directors to reduce their personal tax liability.
    11. Use a Director Loan ISA

    We also look at other areas, such as cash and profit extraction, international structuring, business structuring, share schemes, transaction planning, trust and estate planning, and wealth extraction. By focusing on these areas, we can provide our clients with comprehensive tax planning services that help them save money and achieve their financial goals.

  • Our Tax Planning Process

    Understanding your business structure

    Our accountants will conduct a detailed analysis of your business structure to gain a deep understanding of its legal and operational aspects. This includes reviewing the ownership structure, business activities, revenue sources, and expenditures. By doing so, we can identify any areas where you may be overpaying on taxes or not taking advantage of available tax-saving opportunities.

    Review tax compliance history

    We will review your tax compliance history to identify any issues that need to be addressed. This could include past mistakes, late filings, or underpayment of taxes. By reviewing the compliance history, we can determine the root cause of any issues and develop a plan to correct them.

    Identify tax-saving opportunities

    Based on the business structure and tax compliance history, our accountants will identify tax-saving opportunities. This includes taking advantage of available tax incentives and reliefs, optimising capital allowances, and exploring restructuring options to minimise tax liability.

    Develop a tax planning strategy

    Our accountants will develop a comprehensive tax planning strategy that is tailored to the client’s specific needs and objectives. This includes outlining the steps needed to implement the tax-saving opportunities identified in step 3.

    We will also consider any upcoming changes in tax regulations or market conditions that may impact the client’s tax liability.

    Implement the tax plan

    Once the tax planning strategy has been finalised, we will work with you to implement the plan. This includes ensuring that all necessary filings are completed accurately and on time, and that any restructuring or investment decisions are executed effectively.

    Monitor and review the plan

    Our accountants will continuously monitor and review the tax plan to ensure that it remains effective and you are fully compliant with all relevant tax regulations. We will also provide regular updates on changes in tax regulations or market conditions that may impact your  tax liability, and adjust the tax plan accordingly.

  • What is Business Tax Planning?

    Tax planning is the process of analysing a business’s financial situation to identify strategies that minimise tax liabilities while maximising profitability.

  • Why is Tax Planning Important?

    Tax planning is important because it helps businesses optimize their financial performance by minimizing their tax liabilities. Effective tax planning can help businesses save money and improve their cash flow.

  • Who Can Benefit From Tax Planning

    Any business can benefit from tax planning, regardless of its size or industry. Effective tax planning can help businesses of all sizes minimise their tax liabilities and optimise their financial performance.

  • What Kind of Tax Planning Services Are Available?

    Tax planning services can include a range of strategies, including tax-efficient business structures, employee incentives, capital gains tax planning, inheritance tax planning, research and development tax relief, and stamp duty land tax planning, among others.

  • What's The Difference Between Tax Planning & Tax Compliance?

    Tax planning is the process of identifying strategies to minimise tax liabilities, while tax compliance involves ensuring that a business is following all relevant tax laws and regulations.

Why MJ Kane For Your Business Tax Planning

Award winning services

8000 plus satisfied clients

100+ years combined industry experience

30+ Countries covered

Fixed Fee Service

Tax efficiency focused

Meet the Team

Meet the Senior Management Team

Michael Kane

Founder | Managing Partner

SME Tax Compliance | Tax Planning | Business Development

FCCA Qualified

MJ Kane

Director | Senior Accountant

SME Tax Compliance | Crypto Taxation Compliance | Business Structuring

ACCA Qualified | BSc Hons Accounting

Jonathon Greenaway

Director | Senior Accountant

SME Tax Compliance | Property Capital Gains | Inheritance Tax

ACCA Qualified | BSc Hons Business Studies

Need help with Accountancy? Call us today: 028 9335 0290

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