Chartered Tax Advisers & Accountants

Welcome to M&S Accountancy and Taxation Ltd

We offer specialist tax and accountancy services to a range of domestic and international clients. From our office located next to Carnegie Hall in Dunfermline, we host Fife’s largest department of qualified tax professionals.  Our focus is on delivering high quality and bespoke advice to our extensive client base. 

Uniquely outwith the Big 4 international accountancy practices that operate in Scotland, we deliver integrated UK and US tax advice to our clients.  Having these specialist skills leads to many referrals from other accountancy firms and professional advisers throughout the UK who can access this expertise.

What our clients think

Latest News

  • Just 2 Days To Go

    With just 2 days to go until the third annual M&S Charity Golf Event, preparations are in full swing!

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  • 1 Week To Go......

    This time next week is the third annual M&S Charity Golf Event in aid of The Fighting Chance Project (Scotland).  We are hopeful that the warm weather of recent days will return in time to enhance what promises to be a great day.

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  • What are the costs to your business of HMRC requiring the self-employed to do four tax returns a year?

    One of our clients is carrying out a survey (independent of ourselves) to ask self-employed businesses if they know about the proposed changes by HMRC to self assessment tax returns and what, if any, problems they will cause.  The survey, which can be accessed by clicking here, only takes a few minutes to complete and we’d be grateful if you would help with this.  We will be able to get access to the results and report them back to you later this year.

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  • Making Tax Digital - A Client's Perspective

    If it looks like a duck, swims like a duck, and quacks like a duck… Busting the myths of the HMRC ‘Myth Buster’

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  • Making Tax Digital - Our Concerns

    The article below was published in The Courier on Tuesday 19 April 2016, expressing our concerns over the new quarterly tax filing regime.

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  • Third Annual M&S Charity Golf Day

    We are delighted to announce that our third annual charity golf event will take place on Friday 17 June 2016.

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  • What does the new travel and subsistence legislation mean for contractors?

    Let’s cut to the chase.  If you are a contractor, this will affect you if you have been previously able to claim tax relief on your journey to and from work and for any associated subsistence.  Now, you almost certainly will not be able to do so…

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    Scottish taxpayers will come into existence from 6 April 2016.  For most taxpayers the position will be straight forward but for many (including service personnel) there is still considerable uncertainty as there is not yet a final legal definition.  In our view this is highly unsatisfactory and means a number of our clients will not know their tax status until well after the tax year has started.

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  • Scottish Income Tax

    Scotland’s First Minister has announced that if she remains as the First Minister after the May election, the Scottish government will not follow the UK Chancellor’s plans to increase the basic rate threshold from £32,000 to £33,500 from April 2017.  Instead any increase will be based on inflation only.  If re-elected, there will be no variation on income tax rates even though the Scottish government has the power to do so.

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  • Budget 2016 - A Rabbit Or Two!

    With the deferral of the pension changes, the headlines were undoubtedly the introduction of the “Sugar Tax” and the severe cuts in state benefits that had been widely forecasted.

    For once, we are pleased to say that for many of our clients, the impact of the measures announced in Budget 2016 are unlikely to be significant and in certain cases favourable. Multi-nationals and soft drinks manufacturers were clearly the focus of most new tax measures whilst some of our clients will benefit from the changes announced to taxation for the Oil and Gas sector.

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