As an independent firm, we believe that we are well matched to meet the needs of farmers, contractors and landowners. We act for agriculture businesses operating in Lanarkshire, Ayrshire and the Borders and would be happy to with work any other such business within the West Central Scotland area. You’ll be working with a partner who understands the specific business and tax advice you required including advice on:
farming allowances and reliefs
investment or diversification of your business
preparing budgets and financial projections
succession planning or exit strategies
implementation of appropriate record keeping and accounting software
Our client portfolio includes a range of charitable organisation from small Trusts through to trading companies running their own facilities. In recent years there has been a substantial introduction of legislation in this sector and we have experience in advising Trustees of the implications and effects of the legislation.
One of the trends in recent years as a result of this new legislation has been the switch from audit to independent examination. This enables smaller charitable organisations to avoid the sometime onerous and more costly audit process whilst still having an independent outside party examine the accounts.
Our charities team is happy to assist with:
audit or examination of charity accounts
bookkeeping on a weekly, monthly or quarterly basis
management accounts on a monthly, quarterly or six monthly basis
payroll preparation on a weekly or monthly basis and all year end returns
vat returns
preparing budgets and financial projections
grant applications
risk assessments
completion of OSCR annual and monitoring returns
advice on gift aid
implementation of appropriate record keeping and accounting software
We assist a number of private sports and other clubs and associations through the preparation of regular management accounts and year end accounts. From our experience, every such entity has its own specific requirements and we are pleased to be able to offer a tailored approach to meet these needs. This includes:
bookkeeping on a weekly, monthly or quarterly basis
management accounts on a monthly, quarterly or six monthly basis
management information pack with key performance indicators (KPIs)
payroll preparation on a weekly or monthly basis and all year end returns
vat returns
year end accounts
corporation tax return
company secretarial work
working with external auditors
We have experience of working with hi-tech computing businesses and dealing with the challenges they face. Such businesses can often grow very quickly and require a lot of support with cash flow and back office functions. In addition, external investment may be required in the future and we can help with financial projections and business plans to assist in this process. We are able to offer businesses in this sector assistance with:
bookkeeping on a weekly, monthly or quarterly basis
management accounts on a monthly, quarterly or six monthly basis
management information pack with key performance indicators (KPIs)
payroll preparation on a weekly or monthly basis and all year end returns
vat returns
year end accounts preparation
audit of year end accounts
corporation tax return
company secretarial work
advice on suitable accounting software
implementation of appropriate record keeping and accounting software
business plans and financial projections
We work with clients who operate hotels, both large and small, and also entertainment venues. Some businesses will require audits, either by virtue of their size or their owners or funders wish one to be performed. Being an audit registered firm, we can perform this service and work with the in-house accounts department to build a strong working relationship.
Other smaller business will not require an audit to be performed. Whether the business is a company, partnership or sole-trader we are happy to assist with the following:
year end accounts preparation
audit of year end accounts
corporation tax return
hotel buildings allowances and capital allowances
company secretarial work
advice on suitable accounting software
implementation of appropriate record keeping and accounting software
business plans and financial projections
We work with clients operating public houses and restaurants across Glasgow and the surrounding area. We appreciate the continuing trading difficulties facing this sector and work with our clients to ensure they have the highest quality accounting and tax information to managed their business.
Our service is highly personalised and many clients find the most cost effective solution for such businesses is to outsource the majority of the accounts function to us. We can assistance with the following:
bookkeeping on a weekly, monthly or quarterly basis
management accounts on a monthly, quarterly or six monthly basis
management information pack with key performance indicators (KPIs)
payroll preparation on a weekly or monthly basis and all year end returns
vat returns
year end accounts
corporation tax return
company secretarial work
In addition to all of the above, we will work with the owners to ensure appropriate tax planning is put in place to minimise tax obligations for both the business and the owners.
We act for a number of Consultants and Locums advising them on accounts and tax matters as appropriate. More and more medical consultants are choosing to form companies to supply their services. We can advise on the benefits and negatives of trading as a limited company versus a sole-trader, from both a tax and accounting viewpoint. We also help Consultants
form their company
deal with all secretarial matters
advise on appropriate record keeping
outsource the record keeping - we can maintain this on your behalf
advice on suitable accounting software
Once all of this is in place we ensure Consultants are aware of:
what their tax liabilities are and when they will fall
what expenses they can claim as a tax deduction
the implications of paying a salary to family members
Once this is in place, we will then prepare year end accounts and tax returns as appropriate.
By the very nature of their employment situation, most Locums will require a tax return. We advise on the paperwork that must be retained, prepare a personal tax return and advise on payment on account in future periods.
If you have other sources of income, for example from a renting out a flat or investment income, we can also record this on your tax return and advise according.
We have worked with a number of medical practices for many years through generations of partners both at this firm and the medical practice. These long standing relationships have been built on the personalised service and the quality of advice we provide.
We work with you to ensure that:
accounts are provided in recommended formats
future tax liabilities are notified in advance
what expenses can be claimed
appropriate succession planning is put in place
All of our clients are owners managed businesses. By having the opportunity to work with the owners of a business, you get a real sense of appreciation when you give good advice that saves the owner tax or help resolve difficult situations, whether this is funding, cash flow, tax investigations or exit from the business.
The main sectors which our clients operate are explained in detail throughout the website. However this is not an exhaustive list. Our skills are transferable across many businesses sectors as is our advice on accounting and tax. Should unusual situations arise and we do not have the required skills in house, we refer cases onto appropriate specialise, much the same way any type of business would.
Our client base includes solicitors, architects and estate agents. These practices range from sole traders to substantial practices and we can advise on the tax and compliance implications on all sizes. We also provide assistance with the following:
year end accounts preparation
audit of year end accounts
corporation tax return
advice on suitable accounting software
implementation of appropriate record keeping and accounting software
business plans and financial projections
We work with business from sole traders to large limited companies who work in building, plumbing, electrical and other trades. This work can take the form of audit services for larger businesses or general accounts and taxation advice for smaller businesses.
For people in the trades wanting to start out for the first time, we can advise on the benefits and negatives of trading as a limited company versus a sole-trader, from both a tax and accounting viewpoint. We also help
form a company
deal with all secretarial matters
advise on appropriate record keeping
outsource the record keeping - we can maintain this on your behalf
advise on suitable accounting software
Once all of this is in place we ensure clients are aware of:
what their tax liabilities are and when they will fall
what expenses they can claim as a tax deduction
the implications of paying a salary to family members
Once this is in place, we will then prepare year end accounts and tax returns as appropriate.
We act for a several residential property agents and fully appreciate the complexities of businesses in this sector. It is critical for owners to keep on top of bookkeeping with respect to client accounts and the firms account. We can advise on appropriate systems and controls to build into your record keeping and on suitable software to use.
We will then work with your bookkeeping to produce management accounts if required and year end accounts.
year end accounts preparation
corporation tax return
advice on suitable accounting software
implementation of appropriate record keeping and accounting software
business plans and financial projections
We work with many small retail operations including hairdressers, post offices, newsagents, florists, takeaways and many more. Many of our clients in this sector have been with us since opening their shops and we have work with them to access bank funding, prepare business plans and financial projections and build up their businesses.
Once they achieve a level of success, shop owners often look to opening more shops and expand their business. We can help with planning for this from both a tax and financial point of view.
Generally when working with clients in this sector we will produce year end accounts and tax returns along with assistance with Vat if required. Some clients choose to take advantage of our outsourcing solution and have us prepare everything on their behalf. See the outsourcing section for further details. To summarise, our services are as follows:
bookkeeping on a weekly, monthly or quarterly basis
management accounts on a monthly, quarterly or six monthly basis
management information pack with key performance indicators (KPIs)
payroll preparation on a weekly or monthly basis and all year end returns
vat returns
year end accounts preparation
corporation tax return
company secretarial work
advice on suitable accounting software
implementation of appropriate record keeping and accounting software
business plans and financial projections
Our tax department can prepare corporation tax returns on your company’s behalf and in turn provide advice on:
available reliefs and exemptions
filing and payment requirements
group implications
dividend policy
tax planning
annual investment allowance and capital allowances
We cater for a wide range of personal tax affairs for individuals covering matters including:
advice with your first tax return
support with your on going tax affairs including payments on account
completion of your tax returns in conjunction with your business affairs
tax planning for you and family’s future
representation through HM Revenue & Customs enquiries and investigations
Capital gains tax has implications in a number of situations and good planning is essential to ensure available relief and exemptions are maximised. We can perform projections to demonstrate possible tax liabilities depending on a number of situations and factors in order that clients have all available information when making decisions. Timing can often be critical in this area and our staff treat all such matters with the utmost importance.
We can advice you of the implications of VAT in all aspects of your business. Whether you are registering for the first time, involved in property transactions, looking to take advantage of one of the many VAT schemes such as the flat rate scheme, annual accounting or partial exemption, or about to have an investigation we are always happy to help.
Inheritance tax and its implications can be a very important issue for some clients and their families. We are happy to offer regular advice to clients and update them and our advice as legislation and their circumstances change over the years
Inheritance tax and its implications can be a very important issue for some clients and their families. We are happy to offer regular advice to clients and update them and our advice as legislation and their circumstances change over the years
The processing of payroll is a key part of the smooth running of a business. However owners can often get caught up in the running of the business and do not have the time or expertise to manage the payroll effectively and efficiently.
By outsourcing your payroll processing to Gillespie & Anderson you can benefit by:
Save paying for annual legislative updates to your payroll software
Save paying the stationery costs of payslips and P60s
Take comfort in the knowledge that trained experts are processing your payroll
Not worry about having to cover the holidays and sickness of your payroll staff
Not worry about recruiting and retaining quality staff
Our payroll department deals with all sickness, maternity and holiday pay calculations, overtime and temporary staff payments, pensions and year end returns.
Gillespie & Anderson has helped numerous clients transform their ideas into successful and growing businesses. The early months and years are crucial for any new business and we can help out with:
Selection of business structure
Business plans
Cash flow projections
Registration with government agencies
Grant applications
In addition to the above matters, we can provide general advice on matters such as:
Appointment and removal of office bearers
Maintenance of books and records
IT requirements
Employment status of staff
Looking ahead and making appropriate plans is key to the success of any business and equally we would be happy to assist with:
Fund raising
Financial planning
Succession planning
IT planning
Our aim is to ensure that whilst short term needs are met, we are always working with you towards your long-term objectives.
Some of our clients have difficulty in finding a reliable and suitable skilled bookkeeping or in-house accountant that can cover all of their requirements. Increasingly clients are turning to us to take over in full their accounts function and operate as an outsourced accounts departments. This means that, for example, instead of paying the salary of one unqualified bookkeeper, you can pay a similar amount and get the benefit of an unqualified assistant, a qualified assistant and a partner to oversee and liaise with the client. All of the bookkeeping and payroll is performed on our Sage software platform. You save by not having to pay annual technical support and period software upgrade costs. We upgrade to the latest version of the Sage software every year allowing your business to take advantage of the recent technological developments such as integration with online banking and Einvoicing. We also store your data on our secure server and are responsible for all backup procedures.
This is a highly personalised and the tasks we perform for our clients vary. A fully outsourced solution would include all of the following. This is not an exhaustive list and clients can select specific services should they wish so.
bookkeeping on a weekly, monthly or quarterly basis
management accounts on a monthly, quarterly or six monthly basis
management information pack with key performance indicators (KPIs)
payroll preparation on a weekly or monthly basis and all year end returns
vat returns
EC sales lists
year end accounts
corporation tax return
company secretarial work
P11Ds
In addition to all of the above, we will work with the owners to ensure appropriate tax planning is put in place to minimise tax obligations for both the business and the owners.