Accounting

Scotland · Scotland

Accountants in Liberton

If you run a business or have a tax return to file in Liberton, 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 Liberton 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 Liberton and what it costs

The eight core services below each have a page for Liberton; 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 Liberton businesses

Clients in Liberton are not a branch or a territory to us; they are files handled by the same team that serves the rest of the UK, at the same price. The fee you see is confirmed in writing before work starts. The dates you see are diarised and chased. And the person who prepares your first return is the person who prepares the next one.

You stay in control of self assessment tax returns: drafts go to Liberton clients first, with the figures explained, and nothing leaves us until you say so.

Plain English, with the numbers. Every draft for Liberton comes with a short explanation of what the figures mean and what, if anything, you should do about them.

You get one contact for self assessment tax returns, not a queue. Liberton clients message the same person throughout and get an answer in working hours, usually within a few hours.

Local facts

About Liberton

Liberton 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.

Nearby places we also serve
PlaceDistanceDirection
The Inch0.5 miNE
Alnwickhill0.6 miS
Gracemount0.6 miSE
Nether Liberton0.9 miN
West Mains, Scotland0.9 miNW
Southhouse1.0 miS
Moredun1.0 miE
Kaimes1 miS

All places in Scotland · Scotland places beginning with L

Worth knowing

Rules that affect most businesses here

Closing a company

Striking off a company is cheap but must be done in order: stop trading, file the final accounts and CT600, pay the tax, close VAT and PAYE, distribute the remaining assets, close the bank account, then apply. Anything left in the company at dissolution passes to the Crown. Distributions up to £25,000 are taxed as capital gains; above that a formal liquidation is usually needed to keep capital treatment.

Switching accountants

The main reasons people switch accountant are surprise invoices, missed deadlines and not understanding what they are being told. Switching involves a clearance letter between the firms, a transfer of records and agent authorisations, and a short handover of the current position. It takes about two weeks and should cost nothing extra.

Allowable expenses

Expense claims are where a return is won or lost in an enquiry. The test is wholly and exclusively for the trade; where a cost is mixed, the business proportion can be claimed if it can be identified. Capital items such as equipment and vans are relieved through capital allowances rather than as expenses, except under the cash basis where they are simply deducted when paid.

Record keeping

HMRC requires records of all income and expenses, bank statements, invoices and receipts to be kept for at least five years after the 31 January filing deadline of the tax year they relate to, and companies must keep records for six years from the end of the accounting period. Digital copies are acceptable. Under Making Tax Digital the records must be kept in compatible software.

The 60-day property CGT return

The 60-day Capital Gains Tax return on residential property is the deadline landlords most often miss, because it falls outside the Self Assessment cycle and runs from completion, not exchange. Private residence relief for periods you lived in the property, plus the final nine months, reduces the gain. Penalties for a late return mirror Self Assessment, starting at £100.

Questions

Questions from Liberton

Do you work with businesses in Scotland that are not in Liberton 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 Liberton 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 Liberton: 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 Liberton 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 Liberton 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 Liberton really the same price as elsewhere?

Yes. The fee published on this page is what a client in Liberton 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 Liberton?

No. IGI Accounting is an online-only firm. We serve Liberton 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 Liberton as anywhere else in the country, and why there is nothing to visit and nothing to print.

Get a fixed quote for Liberton today

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