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

  • Making Tax Digital - Are We Any Further Forward?

    On August, 15, HMRC announced the results of the consultation process on their proposals to radically alter the tax system.  The result was; another consultation!   More specifically, they published a further 250 pages of thoughts on Making Tax Digital (on top of the videos, etc. already produced) with the new consultation running to 7 November 2016.

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  • Making Tax Digital - Compulsory Change or Pay The Penalty

    ‘Making Tax Digital’ is a new approach proposed by HMRC to the reporting of business accounts so that the correct tax can be collected.  In essence, rather than the annual requirement to submit a tax return, HMRC now wants a return to be done once a quarter, although the tax due will only be paid annually as at present.  Businesses, of all types, will have to use compatible software to keep their records, and they will, in most, cases, need to pay for this software.  As awareness of these changes grows, it is starting to cause many business owners some concern.

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  • Making Tax Digital

    Over a month after they expected to issue an update on Making Tax Digital and the changes being considered to the tax system for sole traders, partnerships and limited companies in the UK, HMRC has today done so.

     

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  • Taxable Benefits Reminder

    If you are an employer who has provided taxable benefits during the year ended 5 April 2016 to your employees or directors, then you are likely required to report them on forms P11D and P11D(b). 

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  • 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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