Accounting

Scotland · Scotland

Accountants in Fogo

If you run a business or have a tax return to file in Fogo, this page lists what we do, what it costs and when it is due. The fees are fixed and identical to those for every other place in Scotland. We serve Fogo remotely, which means no travel, no appointments and no premises to pay for, and we track the HMRC and Companies House deadlines so that you do not have to.

Next deadlines

  • VAT return and payment for the quarter that ended last month
  • VAT return and payment for the quarter that ended last month
  • VAT return and payment for the quarter that ended last month
  • Confirmation statement due within 14 days of your review date, at least once every 12 months

Services

What we do for Fogo and what it costs

The eight core services below each have a page for Fogo; specialist and advisory services are delivered nationally and are listed further down. Every fee is fixed and confirmed in writing before work starts.

Why IGI

Working with Fogo businesses

We built the service around what business owners in places like Fogo actually complain about: not knowing what the accountant will charge, finding out about a deadline after it has passed, and receiving a set of accounts with no explanation. Each is fixed by design: fixed fees, deadline tracking shown on every page, and a plain-English summary with every draft for Fogo clients.

Nothing is filed for Fogo until you have reviewed and approved it. You see the draft, you ask questions, you sign off, then we submit and send you the receipt.

We explain self assessment tax returns in the words Fogo business owners use, not in accountant's shorthand, and we show our working so you can check it.

Continuity matters in self assessment tax returns: the person who prepared last year's work for your Fogo business prepares this year's, and remembers what was agreed.

Local facts

About Fogo

Fogo sits in Scotland. Tax in Scotland differs from the rest of the UK on earned income: six bands with a 21% intermediate rate and a 48% top rate, identified by an S prefix on the tax code. The interaction between Scottish rates on salary and UK rates on dividends makes the salary-and-dividend split for Scottish directors a distinct calculation, and Land and Buildings Transaction Tax replaces Stamp Duty.

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Worth knowing

Rules that affect most businesses here

Director's loan accounts

The most common tax problem in owner-managed companies is an overdrawn director's loan account: drawings taken during the year that were never declared as dividends or salary. The company faces a 35.75% charge on the balance outstanding nine months after the year end, and the director may have a benefit in kind. We review the account before every year end to clear it properly.

Salary versus dividends

Directors of their own companies usually take a salary at or just above the National Insurance thresholds, which keeps the year qualifying for State Pension and is deductible for Corporation Tax, with further income as dividends. Dividends above the £500 allowance are taxed at 10.75%, 35.75% and 39.35% by band and can only be paid from distributable profits after tax, with a minute and voucher each time.

Corporation Tax rates and marginal relief

Since April 2023 there have been two Corporation Tax rates, 19% small profits and 25% main, with marginal relief smoothing the transition between £50,000 and £250,000 of profit. The band is where planning matters: each pound of profit in it is taxed at an effective 26.5%, so pension contributions and capital expenditure timed to keep profit below £50,000 are worth more than they look.

The VAT registration threshold

Watching the rolling twelve-month turnover figure is one of the quiet jobs of monthly bookkeeping, because the £90,000 VAT threshold arrives silently. Crossing it brings quarterly returns, Making Tax Digital software and a decision about schemes. Crossing it late brings a bill for VAT you could not recover from customers and a penalty for failing to notify.

Making Tax Digital for Income Tax

Making Tax Digital for Income Tax began in April 2026 for sole traders and landlords with qualifying income over £50,000, extends to those over £30,000 in April 2027 and is planned for £20,000 in April 2028. It requires digital records in compatible software and four quarterly updates to HMRC each year, with a final declaration replacing the traditional return. Payment dates are unchanged.

Questions

Questions from Fogo

Do you work with businesses in Scotland that are not in Fogo itself?

Yes. Every place in Scotland has its own page on this site and the same fees apply throughout. The nearest-places list on this page links to them. Wherever in Scotland your business is based, the service is identical because none of it depends on where you are.

What if my Fogo business is a partnership or an LLP?

Both are covered. Partnerships need a partnership return and a Self Assessment for each partner; LLPs file accounts with Companies House under company-style rules as well. We quote a fixed fee for the set based on the number of partners or members, and the process is the same as for any other client in Fogo: records in, draft out, approve, filed.

Are your fees inclusive of everything?

Our fee covers the work described for the package. Companies House fees, such as £100 to incorporate or £50 for a confirmation statement, are charged separately and passed on at cost. Software subscriptions are in your own name. There is nothing else: no hourly extras, no charge for questions, and no additional year-end invoice for Fogo clients on monthly packages.

How quickly do you respond?

In UK working hours, usually within a few hours and always the same working day. Each Fogo client has a named contact who knows the file. Outside working hours, WhatsApp and email messages are picked up first thing the next morning. In January and at other peak times we tell you your turnaround when you book rather than leaving you guessing.

Is self assessment tax returns in Fogo really the same price as elsewhere?

Yes. The fee published on this page is what a client in Fogo pays and what a client in any other part of Scotland pays. It is confirmed in writing before work starts and the invoice matches the quote. Where a higher package applies because your situation is more complex, we say so at the quote stage, never afterwards.

Do you have an office in Fogo?

No. IGI Accounting is an online-only firm. We serve Fogo and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for self assessment tax returns is the same in Fogo as anywhere else in the country, and why there is nothing to visit and nothing to print.

Fixed fees, filed on time, for Fogo

Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.

WhatsApp for a fixed quote