Common Questions
Frequently Asked Questions
I'm a Greenock CIS subcontractor. Am I owed a refund?
Almost certainly, if you've had 20% deducted and haven't claimed it back. After your £12,570 allowance and legitimate expenses (tools, PPE, travel, materials, certification, phone, accountancy), the actual tax due is usually far less, calculated under the Scottish bands. Full-year refunds are typically £2,000-£6,000. We'll maximise yours.
Do I need to be local to use you as my Greenock accountant?
No, we work with Greenock and Inverclyde clients entirely online, by phone, email, video call and secure document exchange. You get the same depth of understanding, with full awareness of Scottish income tax, without needing to visit an office. Most modern accountancy is handled remotely.
Do Scottish income tax rates affect my Greenock business?
Yes. Scotland sets its own income tax bands and rates, so your salary or sole-trader profits are taxed under the Scottish system, while dividends use UK-wide rates. This affects how you should structure things, and we model it specifically for Scottish taxpayers.
I run a Greenock marine, port or engineering business. Can I claim capital allowances?
Yes. Plant and machinery, marine and engineering equipment, commercial vehicles, plant, IT, qualifies for capital allowances. The Annual Investment Allowance gives 100% relief on qualifying spend up to £1m a year, and full expensing gives 100% first-year relief for companies on qualifying new plant. We'll identify and claim everything.
I'm a Greenock contractor through my Ltd company. IR35 position?
Depends on the client and working practices. Medium/large clients assess your status; small clients mean you self-assess. For genuinely independent contractors with project-based work IR35 is usually outside. We review your contracts and working practices.
Should my Greenock business be a Ltd company?
At profits above £40,000-£50,000 a Ltd company typically saves a few thousand a year through salary-plus-dividend structuring, plus limited liability, though the Scottish income tax bands affect the exact figure. Below £30,000 the saving rarely justifies the extra admin. We'll model both with your numbers.
I'm a Greenock landlord. What can I claim against rental income?
Repairs and maintenance, letting agent fees, landlord insurance, safety certification, mortgage interest (with the Section 24 restriction), and Replacement of Domestic Items relief. Note Scotland has its own landlord registration regime. We capture everything and file your return.
How do I get started?
Book a free 15-minute call via Calendly, or call our office on 020 8050 4564 or mobile 07478 645331. We work with Greenock clients fully online, handle Scottish income tax correctly, and we're experienced with marine, port and engineering firms, CIS trades, contractors and the PA community.