Fergusons, Chartered Accountants Accounting Firms in Paisley

Accounts for all types and sizes of business
Bookkeeping and payroll services
All income tax and corporation tax returns filed on line

Then we can give you high quality services at very reasonable prices. Why? Because we are a small fully qualified firm keeping our overheads really low. We also have our own bookkeeping software so we don't have to pass on bookkeeping software set up costs to you. You don't want surprises. We will give you a quote in advance of carrying out the work and we will stick to it. As rough guide, our fee for accounts, payroll and VAT for a small limited company starts at 500 per annum (ie 42 per month).

For financial years ending on or after 30th September 2013 there is considerably reduced disclosure required for a company which is a 'micro-entity'. Certain companies, such as charities, cannot qualify. Neither can companies which have revalued tangible fixed assets or fixed asset investments or companies which measure current asset investments at cost. Turnover not more than 632,000; Gross assets not more than 316,000; Average number of employees not more than 10. If it does, you should check whether it is eligible for reduced disclosure.

Turnover, for this purpose, is calculated NET of VAT, but it includes all taxable supplies at standard rate, reduced rate and zero rate. Do not confuse the turnover test for joining the scheme with the turnover on which flat rate VAT is calculated! Supplies of services abroad can be complicated. Generally supplies of services to business customers in the EU or any customer outside the EU are not included in the flat rate turnover - you should always check specific supplies. If a capital asset with a VAT inclusive value of 2,000 or more is purchased then input tax may be recovered in the normal way.

In addition, we explain and add value to the information in your accounts by giving you benchmarking and business comparison information. We advise on how to increase profitability and reduce your costs. If you need more up to date information, then we can supply monthly or quarterly management accounts. As well as assisting with completion of your returns, we also advise on planning opportunities. From 6th April 2016 there are big changes to the way dividends are taxed. Prepared from your records and filed for you online.

We can help with completion of your tax return and any schedules such as capital gains tax, property rental tax and self employment tax schedules. There are substantial penalties for late filing of your tax return with hmrc, which increase over time. Let us help you file a complete and accurate return so that you can have peace of mind. Our tax return software, automatically calculates your tax liability and payments to account. If you received dividends from UK listed companies or tax return software will automatically calculate the dividends you should have received.