Our Key Accounting Services in Scotland
Small Business Accountants in Scotland
We are trained and registered accountants, who are ideal for small businesses looking to grow. If you own a small business and need to become tax efficient we can help. Our accountants offer a wide range of experience and expertise in small business accounting, regardless of your industry and sector.
When you own a small business you need to remain on top of all of your finances. This includes invoicing, expenses and yearly accounts. Dealing with HRMC can also be time consuming and complicated. Fortunately for you we can take care of all of the small business accounting tasks. We can become your personal accountants on a monthly retainer, we don’t charge by the hour for every little thing. We believe this is a far better way of providing an accounting service.
VAT Accounting Services
VAT can be difficult to understand and the regulations surrounding it are constantly changing. There are many rules and exceptions to navigate. With our help, you can be sure that your VAT obligations are met, without costing you the earth.
At present, businesses with a taxable turnover of over £85,000 in a 12 month rolling period must register for VAT. This includes both Limited Companies and Sole Traders. However, if your turnover is under £150,000, there are VAT scheme options available to you.
Save time and money with Xero Cloud Accounting
Xero Cloud Accounting allows you to access your accounts, anywhere! It’s a secure and simple way to streamline your accounting across multiple devices – whether you’re at work, at home or on the road. Xero Cloud Accounting usually costs £22 a month + VAT (depending on your requirements) – plus we can handle the entire migration process for you.
Bookkeeping isn’t the most exciting of activities, but it is important when it comes to the day to day running of your business. Finding the time to enter receipts, keep up with invoices and log expenses can be difficult as a business owner. Our dedicated bookkeeping services are on hand to take care of those tasks for you.
Accountants for Self Employed and Sole Traders
You’re self-employed if you run your own business, hire people, provide the equipment you need to work, charge for your services and sell goods or services for profit. A sole trader or self-employed person is not a limited company. If you’re unsure or need further information, please consult the HMRC website.
Accountants for Limited Companies
As a Limited Company, it is important to remain as tax efficient as possible, whilst fulfilling your various and ranging legal responsibilities. Full compliance protects your company against fees and penalties. We assist Limited Companies with tax preparation, taxation advice, financial efficiency, registered offices and bookkeeping.
Allow us to handle the financial side of your business, so you can keep doing what you do best. A Limited Company is a private company – meaning that its finances and actions are separate from the finances of its owners. This protects individuals from financial issues, should their company fall on hard times.
There are several other benefits of setting up a Limited Company, including tax advantages, dividends, investment opportunities and business loans. A Limited Company has more credibility, but added legal and personal responsibilities. We can help with the finer points of setting up your company and keeping it running in a financially viable and effective manner.
Accountants for Landlords
Being a landlord is an incredibly rewarding endeavour. However, it can be time consuming and stressful when it comes to arranging your accounts and tax affairs. If you have personal rental income you are required to register for self-assessment and complete annual tax returns.
If you have a property portfolio it is similar to running a Limited Company and this might be a more tax efficient structure for you rather than owning properties personally. You may need help managing your various rental accounts, filing expenses and completing tax returns and registrations.