Defacto-FD – Accountants Glasgow | Tax & Business Advisors
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Tax Returns

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Experienced and Reliable Chartered Accountants

Every number tells a story. In its simplest form, it speaks of profit & loss, debit & credit, red & black. Chartered Accountants understand numbers, but not every accountant takes the time to understand the stories those numbers tell.

 

At Defacto FD, we take that time to listen and make sure the numbers tell the best possible story for you and your business. We provide accountancy, tax and related financial assistance to small and medium-sized businesses including managing your cashflow, tax planning, employee pensions, staying on top of regulations, and keeping an eye on tax deadlines.

Whether you are looking for help with all levels of your business finance or just need your year-end accounts and business or personal returns prepared.  That’s where we – as Chartered Accountants – can help.

 

Our goal through honest advice and an approachable style is for you to see Defacto FD as an extension to your business and not just a detached external advisor. It’s accounting with a personal and approachable touch.

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Our Accounting Services

Accounts

VAT Returns

Personal Tax Returns

Corporation Tax

Bookkeeping and Payroll Services

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Professional & Personable

Professional and Friendly Accounting Service

Defacto FD are an experienced Chartered Accountant firm, based in the heart of Glasgow, Scotland. With years of accounting expertise, our team is armed with the knowledge to help your business grow.

We work alongside our clients to provide trusted and reliable financial support.

Our goal is to get to know our clients and always add a personal touch to the service we provide. 

Top-Level Advice

Advice from Experienced Chartered Accountants

Not only do we provide your business with accounting support, at Defacto FD, we also offer a virtual service that compliments all regular compliance work for your business.

That way, you can gain access to financial advice from Chartered Accountants, without having to break the bank on expensive full-time hire.

Pricing

Pricing & Products

We offer our customers:

  • Full transparency when it comes to our pricing and products
  • High-value advice when you feel uncertain about what works for you
  • A number of accounting packages available for all businesses
  • No surprising accounting fees
  • Local and personable service

We have provided accounting services for a range of businesses throughout Glasgow and surrounding areas. Have a look at our testimonials page to see if we are the right choice for your business.

Chartered Accountants Glasgow - accountants Glasgow

Testimonials

Ever since Defacto was referred to me, I have enjoyed the best  financial and accountancy service I could have possibly asked for. The reliability and complete capability of the team has enabled me to run my business with the greatest of ease, and their diligence has really helped me out.
B. Collins, Collins Property Recruitment Ltd

We have been using Defacto for over ten years and have never been anything other than completely satisfied with the service provided. Fiona and the team always do their utmost to make sure we understand every detail, our deadlines are never missed, and the accounts are always perfectly executed. If you are looking for peace of mind, and a friendly, reliable and thorough accountancy service, then we would highly recommend Defacto.

J. Ramsay
Defacto have been our accountants for a number of years and we have always found them to be friendly and helpful with good background knowledge.
A. Watt, Head of Watt Property

After initially setting up my Ltd company with another accountancy firm I consulted Defacto for some specialist advice not available with my original firm. The level of knowledge and friendliness I was met with filled me with confidence and prompted me to transfer my business to Fiona and Defacto. As someone who is not particularly comfortable with numbers the team at Defacto have been very helpful and supportive at every turn whenever I have had a query big or small. Highly recommended.”

L. Wilson, External Consultant - Orsted

Working with Defacto is always pleasant and its staff is always friendly and approachable whilst professional. They do what they say they are going to do and do it well – professionally and efficiently whilst always being approachable and helpful.

H. McCrear, Company Secretary

Defacto offers reliable , friendly, 1-2-1 service. All queries and questions are dealt with promptly, accurately and in a friendly manner.  Working with the company is a delight – great staff with a high level of competence, friendly service, always going the extra mile to ensure we are happy as a customer.

J. Anwar, Director

We have always been given professional and timely advice and a wealth of knowledge from all the staff on any financial matters both personal and in the business areas. I have no hesitation in calling up the Defacto team if I have any questions. Nothing is too much trouble and they are always available at the end of the phone for advice.

M. Ingham

I personally do not have the time to manage my accounts and required a reputable accountancy firm who could provide an all encompassing, hassle free service. Defacto provide just that, requiring only a very light touch on my part. A first class service all round!

G. Fraser, Director

The Fourth SEISS Grants Are Now Available

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The Self-Employment Income Support Scheme (SEISS) has provided a lifeline to self-employed individuals during the pandemic. The scheme is now offering its fourth grant and those eligible are able to apply.   The fourth self-employed grant is now available to claim via the Government website and must be claimed by 1 June 2021   All…

Post-Covid Recovery Series: How to get your business in check

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There may be light at the end of the lockdown tunnel, and business is beginning to get back to some form of ‘normal’. But there is still a long road ahead for companies looking to find their feet in this new business landscape. Cash is the beating heart of any successful small business. It’s a…

National Minimum Wage and the National Living Wage will increase from April 1 2021

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The National Minimum Wage and the National Living Wage will increase from 01 April 2021.   What is the National Minimum Wage (NMW) & National Living Wage (MLV)? You may have heard of the National Minimum Wage and wonder how this differs to the National Living Wage. The terms are often interchangeable, however the correct…

The March 2021 Budget: Everything You Need To Know

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The 2021 budget took place on 3 March 2021. Chancellor Rishi Sunak announced that as a result of the global pandemic GDP shrank by 9.9% in 2020, the largest annual fall in 300 years according to the bank of England. He also discusses the forecasts and plans to get the economy to bounce back as…

Change to HMRC Advisory Fuel Rates for Company Car Users

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The advisory fuel rates that apply from 1 March 2021 have been increased by 1p per mile for petrol and diesel vehicles, with engines of 1400-2000cc. The change to the advisory rates comes on the back of a slight increase in fuel prices over the last quarter. The previous rates, effective December 2020, can be…

More Business Support Is Now Available

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Scottish Government has announced further support and grant funding to assist businesses who have been impacted by COVID -19. These are: an extension of Non-Domestic Rates Relief, the introduction of a Newly Self-Employed Hardship Fund and a new Mobile and Home-Based Close Contact Services Fund.   Non-Domestic Rates Relief Retail, hospitality, leisure, and aviation businesses…

What you need to know about HMRC’s response to ICAS’ waiver of late filing penalties

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In a letter responding to a call from ICAS and other professional bodies to waive late filing penalties, HMRC has said that it does not currently have plans to do so.   The letter states that the request has been carefully considered but that the message regarding SA is simple.   HMRC encourages customers to complete their…

HMRC plan to make employer furlough claims public

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In an attempt to reduce the number of fraudulent furlough claims, Chancellor Rishi Sunak has ordered HMRC to publish information about employers who submit claims. Information about employers who claim under the extended Coronavirus Job Retention Scheme (CJRS) over December 2020 and January 2021 will be made public   The government has made the decision…

Covid-19- SEISS Portal reopens today but new rules might impact on ability to claim

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The portal for the 3rd grant under the Self Employed  Income Support Scheme (SEISS) opens today but the rules on who is eligible to claim have changed.  Claimants need to carefully consider if they are eligible. In the first 2 grants taxpayers had to confirm that their business had been adversely affected by COVID. Now, for…

Self-employment income support scheme (SEISS) – claiming your grant

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The Chancellor has announced that the Self Employment Income Support Scheme (SEISS) will be extended, with two further grants. One for the 3 month period covering November 2020 to January 2021 and another for February 2021 to April 2021.   Who can apply? You can apply if you’re a self-employed individual or a member of…

Stay Safe, Stay Alert – beware of COVID fraud

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As we enter into our 8th month of coronavirus restrictions, the number of scams and fraudulent activity concerning COVID-19 is on the rise. Most scammers are taking advantage of people working from home by posing as clients or suppliers seeking payment.   Often, the scammers will make contact by phone or email to ask you…

CJRS furlough scheme amendments

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We write to update you again to let you know of yet further changes to the Coronavirus Job Retention Scheme. In the House of Commons yesterday Rishi Sunak confirmed that the furlough scheme would be extended until the end of March 2021 and will cover all areas of the UK.  The scheme will be reviewed in January…

COVID-19 CJRS furlough scheme extension

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Only last week we provided information on the Job Support Scheme (JSS) which was to come into force on 1st November, replacing the Coronavirus Job Retention Scheme (CJRS).   However, the announcement of a month-long lockdown, in England, brought with it an extension of the Coronavirus Job Retention scheme (CJRS). The scheme will remain open…

What does Job Support Scheme mean for your business?

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The new Job Support Scheme (JSS) comes into effect on 1st November, replacing the Coronavirus Job Retention Scheme. So, what does this mean for your businesses? What is the Job Support Scheme? Initially, the JSS was designed to continue assisting business in bringing people back to work. The government made a contribution where employees were…

Coronavirus Job Retention Scheme

Do you know where you stand with the Coronavirus Job Retention Scheme?

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HMRC has recently announced that 5 – 10% (of £35.4billion) of Coronavirus Job Retention Scheme payments have been issued in error or might have been claimed fraudulently. This means that a huge £3.5billion of furlough pay-outs could have been wrongfully awarded.   With so much uncertainty and so much change over the last few months, it…

Summary of Mini Budget Announcements July 2020

Summary of Mini Budget Announcements July 2020

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Summer Budget Update 2020 The Chancellor, Rishi Sunak, announced further measures to support jobs and business sectors severely affected by the COVID outbreak. Grants and reliefs offered included support for: employment, the beleaguered hospitality and tourism industry and included green initiatives as well as a novel scheme to get us to eat out in August.…

How Defacto-FD Is Working From Home

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We are now into May (still in lockdown) and business is really starting to feel the change of working under the new normal. Whether you set yourself up ahead of time or are still adjusting to working from home (WFH), this remote style of working looks like it could be here to stay. For over…

COVID-19 Bounce back loan scheme launched

COVID-19: Bounce Back Loans Scheme (BBLS) Launches

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Bounce Back Loans Scheme (BBLS) Launches COVID-19 Support For Business Bounce Back loans for  small and medium-sized businesses affected by coronavirus (COVID-19) can now be applied for.  The scheme allows SME’s to apply for loans of up to £50,000 KEY FEATURES OF THE SCHEME Finance of up to £50,000 Guarantee to the lender to encourage…

COVID-19 Updates. Financial Support for business - Bounceback Loans

COVID-19: Financial Support for business – Bounceback Loans

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New Bounceback Loans Announced The Chancellor announced yesterday a new scheme which will help small and medium-sized businesses affected by the coronavirus (COVID-19) to apply for loans of up to £50,000. This is in addition to the Coronavirus Business interruption loan scheme ( CBILS) we advised of previously. There will be no forward-looking tests of business…

( COVID-19): Financial Support for business

COVID-19: Financial Support for business

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Financial Support for business In a previous article, we provided updates on financial support including the Coronavirus Job Retention Scheme, support for the self-employed and the Deferral of VAT and Income tax. This article provides updates on other financial support available to businesses either by way of one of the grants, loan funding, time to…

Contact Defacto FD

The Defacto FD team are made up of experienced Glasgow accountants. We offer professional accounting services and our Chartered Accountants will help you take the first step towards getting your accounts and taxes under control.

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