Bain Henry Reid is one of the leading firms of chartered accountants in the North East with offices in Aberdeen, Peterhead, Turriff and Ellon. Our clients are guaranteed continuing personal contact with the partner dealing with their affairs. We are committed to delivering a high quality service at competitive rates and to responding promptly to client requirements.


Contact Details

  Website
  City Turriff
  Postcode AB53 4AD
  Address 32 Main St
  Phone Number 018 8856 9022

From Our Website

Every business owner needs a team of professionals in the background who provide continuous support and advice. We have developed a wide range of skills and services designed to improve business performance and profitability and to ensure compliance with the relevant regulatory and statutory requirements.


The last thing you need as a busy business owner is to use up valuable time and resources making sure you are complying with the Companies Act. Moreover, with company legislation changing at the rate it does, you need to be sure you are fully aware of how the changes affect you and your fellow directors. We can give you complete peace of mind in this area by carrying out your company secretarial duties for you.


With the tax regime becoming more complex and more emphasis being put on taxpayers' individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements. Every pound of income tax you save means more income at your disposal, every well planned disposal of assets means minimal loss of capital gains, and every inheritance tax saving means more benefit for your beneficiaries.


Most people who start up in business do so because they have a good business proposition and the enterprise and commitment to see it through, not because they are experts in the legal, financial, and fiscal aspects of running a business. Indeed, these matters can often seem daunting, and even off-putting, to the budding entrepreneur. The good news is that you do not need to be an expert in these fields to succeed in business. All you need is the support of a team of trained experts. That's where we fit in.


Administering your payroll can be time consuming and burdensome, diverting energy and resources from the core activities of your business. And the task is made all the more difficult by the growing complexity of taxation and employment legislation and the accompanying regime of penalties for non-compliance. Even if you have only a few employees, you will make savings by engaging us to administer your payroll.


Though business owners traditionally regard the annual audit and preparation of annual accounts as a cost centre - a necessary evil that adds no value to the business - we strive to transform it into a profit centre. Everyone knows that a successful business must plan ahead, but all too often the pressures of keeping the business going on a daily basis mean that strategic planning is not given the attention it needs.


Value added tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to!


Few of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us. The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now. The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries.