EMS Accounting Services Ltd

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EMS Accounting Services Ltd Small Accounting Practice serving trade and hospitality industry in North Lanarskhire đŸ§ŸđŸ“ˆđŸ‘©â€đŸ’»

Services available:

ïżœBookkeeping (daily, weekly, monthly)

ïżœYear end accounts preparation and filing for sole traders, partnerships, micro entities and small limited companies

ïżœ Reporting: Profit & Loss, Balance Sheet

ïżœCredit Control (management of Payables and Receivables)

ïżœVat Returns (from registration to submission)

ïżœSelf assessment Tax Returns (SATR)

ïżœCorporation Tax

ïżœIncome Tax for directors

ïżœProperty income tax and capital gains

ïżœManagement Accounts

ïżœ Payroll

ïżœ Software advice and training

Contact us if you need help with your accounting.

This is a great question, and one every business owner should know.In most cases, you should keep receipts and supportin...
30/05/2025

This is a great question, and one every business owner should know.

In most cases, you should keep receipts and supporting documents for at least 6 years.

Why? Because the HMRC can audit up to 6 years back and in some cases, even longer.

Holding on to those records protects you if questions come up later.

Here’s what you should keep:
- Receipts for business purchases
- Invoices sent and received
- Bank and credit card statements
- Payroll records
- Tax filings

Scan and store everything digitally so it’s easy to find if you need it.

Follow me for more tips to keep your business finances on track!


Do you have a budget
 and actually use it?A budget isn’t just a boring financial tool it’s your decision-making guide.It...
29/05/2025

Do you have a budget
 and actually use it?

A budget isn’t just a boring financial tool it’s your decision-making guide.

It helps you, the business owner, spot issues early and make smart moves before small problems turn into big ones.

Here are a few simple tips to fix your budget and make it work for you not against you.

Need help staying on top of your business finances?

Let me handle the numbers so you can focus on running your business.


The good news is, there are some simple ways to avoid this going forward.Start by estimating your taxes quarterly (manda...
28/05/2025

The good news is, there are some simple ways to avoid this going forward.

Start by estimating your taxes quarterly (mandatory for those with turnover of £50,000 or more). If you’re self-employed or run a small business, you're typically expected to pay taxes throughout the year not just during tax season.

Working with a tax professional can also make a big difference. They’ll help you calculate how much to pay and when, so you’re not stuck overpaying or falling short.

Another smart habit is to set aside money every month. Think of taxes like a regular bill.

A good rule of thumb is to save 25–30% of your income in a separate account just for taxes.

Lastly, make sure your bookkeeping is clean and up to date. Accurate records give you a clear picture of your income and expenses, which leads to better tax planning and fewer surprises.

Need help with better tax planning? Contact me today, I’ll help you get ahead, stay organized, and keep more of what you earn.


You hop into Xero or FreeAgent thinking it’ll be a quick fix and next thing you know, it’s more confusing than when you ...
27/05/2025

You hop into Xero or FreeAgent thinking it’ll be a quick fix and next thing you know, it’s more confusing than when you started.

Xero/FreeAgent might look simple, but it’s still an accounting software.

One small change can throw off your entire financial picture and even impact your tax bill.

I’ve seen a lot of well-meaning “fixes” turn into bigger messes.

So I'm sharing a few real-life examples and simple ways to avoid them (save yourself the clean-up fees and the stress).

If you’re over the bookkeeping stress, I'm here to take it off your plate completely.

Let’s clean things up and keep them that way!

Contact me today!


Drop your answer below or vote!If it's someone else tell us in the comments!
26/05/2025

Drop your answer below or vote!

If it's someone else tell us in the comments!


Business owners have been saying the same thing post-tax season and honestly, these lessons are worth paying attention t...
24/05/2025

Business owners have been saying the same thing post-tax season and honestly, these lessons are worth paying attention to:

📌 "I needed a bookkeeper... like yesterday."

Scrambling to organize a year’s worth of finances right before the deadline? Not ideal!

Having a bookkeeper throughout the year takes the pressure off and helps you stay ready, not reactive.

📌 "I should’ve filed an extension sooner."

Extensions aren’t a bad thing, they’re a smart move when you’re behind on your books or still pulling documents together.

Filing early gives you breathing room and helps you avoid rushed (and costly) mistakes.

📌 "I didn’t pay enough in taxes and now I’ve got penalties."

I hear this one a lot. Forgetting to set aside funds or missing estimated payments can hit hard.

The fix? A clear tax strategy and a better system for staying ahead.

Tax season can feel like a wake-up call but it’s also a great time to reset.

Take the lessons, build better habits, and let’s make next year way less stressful.

Need my help with your taxes? Contact me to learn more about how I can support you year-round.


Enjoy your weekend! You’ve earned it! ✹
23/05/2025

Enjoy your weekend! You’ve earned it! ✹


Every little action helps. Whether you’re sharing their content, leaving a review, or investing in what they offer, your...
22/05/2025

Every little action helps.

Whether you’re sharing their content, leaving a review, or investing in what they offer, your support means the world.

So tag a friend and share this post!


Stressful?Smooth sailing? A little too last-minute? Drop your answer below!And if it wasn’t as easy as you’d like
 I'm h...
21/05/2025

Stressful?

Smooth sailing?

A little too last-minute?

Drop your answer below!

And if it wasn’t as easy as you’d like
 I'm here to help you prep smarter for next time.


Your Balance Sheet shows what your business owns, owes, and how much it’s actually worth.But I get it, it can look like ...
20/05/2025

Your Balance Sheet shows what your business owns, owes, and how much it’s actually worth.

But I get it, it can look like a wall of numbers at first glance.

The good news?

Once you know what to look for, it becomes one of the most powerful tools for understanding the financial health of your business!

Here’s the simple formula to keep in mind:

Assets – Liabilities = Equity

Found this helpful?

Save it for later and follow me for more tips to keep your business (and your books) on track!


Address

Caledonian Avenue
Bellshill
ML43BT

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

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