Faqs

Accounts and tax can be complicated and you’ll likely have many questions. Many of the answers may be specific to your circumstances however, so please bare this in mind when browsing our generic FAQ’s. For more specific answers, please get in touch.

It’s very easy, all you need to do is let your existing accountant know and we’ll take care of the rest.

Yes, we’re happy to check your tax position, and find out if you’re paying the right amount, and if possible we’ll suggest changes that could reduce the amount of tax you’re paying.

There are a few factors you’d need to take into account before deciding whether to trade as a limited company. We’d be happy to run through these with you and help you decide.

There are many things you need to consider, sole trader or limited company, vat registration, and payroll. We’re happy to go through all of these with you and help you start your business and notify HMRC as necessary.

The vat registration threshold is £85,000, but it might be beneficial to register before you reach that threshold. We can help you decide when you should register, and help with the registration process.

We can work with all of the main accounting software packages, and we can help you decide the best one for you. It might be cloud-based, it might be a spreadsheet, we’ll help you find the right one.

No, not necessarily. We can use bridging software that will allow you to keep using spreadsheets for your accounts which we submit on your behalf.

Unless the property is exempt as your main residence you have to disclose the gain and pay the tax to HMRC within 60 days of selling your property. We can help by calculating the gain, and submitting the Return to HMRC on your behalf.

WHAT OUR CLIENTS SAY

"Ross and his team run a very friendly local business - we have used their services since 1997 and have always been pleased with the way they prepare our accounts. I have recommended Ross McConnell to a number of friends and family in Kinross-shire."

Fiona Turnbull, Fruix Farm

"As well as being very personable and easy to communicate with Ross has been able to understand my business very quickly and has offered advice which has helped me understand more fully my future plans.
A very good service, flexible nothing is too much trouble and excellent value for money in today’s market."

David Morrison, Planet Furniture Stores Limited

"Having been through some good and some bad times as a housebuilder over the last 10 years Ross has always been there with as a trusted advisor for me and my family."

John McNeely, Carneil Homes

"The doctors are extremely happy with Ross as their accountant and we all feel he provides an excellent friendly service."

Moira George, Strathmore Surgery

"Ross has taken the time to help me fully understand how my accounts work and has save me thousands by changing the structure of my company."

Claire McCrudden

"Helps take the stress out of running a business. My accountant does what he does best, leaving me more time to do what I do best."

Ashleigh Henderson, Senses Salon

"Having worked with Ross since starting our business in 1999, we have a good relationship, we get great service."

Paul Appleton Paul Appleton Trading Limited

"Ross McConnell has been providing accountancy services for my business over a number of years. He has always given sound and accurate advice to ensure that I comply with all business accounting requirements. The service provided is informal and friendly."

Graham Floyd, Floyd Matcham (Hampshire) Ltd

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