Wales · Wales
Accountants in Bangor, Wales
Accountants for Bangor, Wales who work to the deadline rather than the appointment diary. We handle Self Assessment, company accounts, Corporation Tax, bookkeeping, VAT and payroll for Bangor clients at the fixed fees shown on this page, and the next dates that apply to your business are tracked from the day you join. There is no office in Wales to visit, because none of the work needs one.
Next deadlines
- VAT return and payment for the quarter that ended last month
- VAT return and payment for the quarter that ended last month
- VAT return and payment for the quarter that ended last month
- Confirmation statement due within 14 days of your review date, at least once every 12 months
Services
What we do for Bangor and what it costs
All 26 services below are available to Bangor, Wales clients at the published fee. Every fee is fixed and confirmed in writing before work starts.
Why IGI
Working with Bangor businesses
We built the service around what business owners in places like Bangor, Wales actually complain about: not knowing what the accountant will charge, finding out about a deadline after it has passed, and receiving a set of accounts with no explanation. Each is fixed by design: fixed fees, deadline tracking shown on every page, and a plain-English summary with every draft for Bangor clients.
You stay in control of self assessment tax returns: drafts go to Bangor clients first, with the figures explained, and nothing leaves us until you say so.
Plain English, with the numbers. Every draft for Bangor comes with a short explanation of what the figures mean and what, if anything, you should do about them.
Deadline-first: the dates that matter for self assessment tax returns are shown at the top of this page, diarised for every Bangor client and chased before they arrive.
Local facts
About Bangor, Wales
Bangor, Wales sits in Wales, postcode district LL57. Businesses in Wales file with the same HMRC and Companies House as England, and for now the Welsh rates of income tax equal the English ones, though the Senedd can vary them. The practical differences are Land Transaction Tax on property and Welsh-specific business support schemes, and company names and documents may be in Welsh.
| Place | Distance | Direction |
|---|---|---|
| Caellepa | 0.1 mi | SE |
| Hirael | 0.4 mi | NE |
| Penlon Gardens | 0.4 mi | NE |
| Bangor, Upper | 0.4 mi | W |
| Upper Bangor | 0.4 mi | W |
| Siliwen | 0.5 mi | N |
| Garth Road, Upper | 0.6 mi | N |
| Upper Garth Road | 0.6 mi | N |
Worth knowing
Rules that affect most businesses here
Late filing penalties
HMRC's penalties for a late Self Assessment return are automatic: £100 the day after 31 January, £10 a day from three months late up to £900, then the greater of £300 or 5% of the tax at six and twelve months. Interest and separate late-payment penalties apply to the tax itself. Companies House charges £150 to £1,500 for late accounts, doubling for a second consecutive year.
Corporation Tax rates and marginal relief
Corporation Tax is not a flat rate. Profits to £50,000 pay 19%, profits above £250,000 pay 25%, and the band between is taxed at an effective marginal rate of 26.5% through the marginal relief mechanism. Associated companies share the thresholds, which catches directors who own more than one company and is the most common cause of underpaid tax in owner-managed groups.
The VAT registration threshold
Watching the rolling twelve-month turnover figure is one of the quiet jobs of monthly bookkeeping, because the £90,000 VAT threshold arrives silently. Crossing it brings quarterly returns, Making Tax Digital software and a decision about schemes. Crossing it late brings a bill for VAT you could not recover from customers and a penalty for failing to notify.
Director's loan accounts
A director's loan account records money moving between a director and the company that is not salary or dividend. If the director owes the company money nine months and one day after the year end, the company pays section 455 tax at 35.75% of the balance, refundable only when the loan is repaid. Loans over £10,000 are also a benefit in kind unless interest is charged at HMRC's official rate.
Salary versus dividends
Directors of their own companies usually take a salary at or just above the National Insurance thresholds, which keeps the year qualifying for State Pension and is deductible for Corporation Tax, with further income as dividends. Dividends above the £500 allowance are taxed at 10.75%, 35.75% and 39.35% by band and can only be paid from distributable profits after tax, with a minute and voucher each time.
Questions
Questions from Bangor
Are your fees inclusive of everything?
Our fee covers the work described for the package. Companies House fees, such as £100 to incorporate or £50 for a confirmation statement, are charged separately and passed on at cost. Software subscriptions are in your own name. There is nothing else: no hourly extras, no charge for questions, and no additional year-end invoice for Bangor, Wales clients on monthly packages.
How quickly do you respond?
In UK working hours, usually within a few hours and always the same working day. Each Bangor client has a named contact who knows the file. Outside working hours, WhatsApp and email messages are picked up first thing the next morning. In January and at other peak times we tell you your turnaround when you book rather than leaving you guessing.
Do you work with businesses in Wales that are not in Bangor itself?
Yes. Every place in Wales has its own page on this site and the same fees apply throughout. The nearest-places list on this page links to them. Wherever in Wales your business is based, the service is identical because none of it depends on where you are.
What if my Bangor business is a partnership or an LLP?
Both are covered. Partnerships need a partnership return and a Self Assessment for each partner; LLPs file accounts with Companies House under company-style rules as well. We quote a fixed fee for the set based on the number of partners or members, and the process is the same as for any other client in Bangor, Wales: records in, draft out, approve, filed.
Do you have an office in Bangor?
No. IGI Accounting is an online-only firm. We serve Bangor, Wales and every other UK postcode remotely, with records sent by WhatsApp or email and everything filed electronically. The absence of local premises is why the fee for self assessment tax returns is the same in Bangor as anywhere else in the country, and why there is nothing to visit and nothing to print.
How do I get started from Bangor, Wales?
Message us on WhatsApp or email with a sentence about your business and what you need. We reply in working hours with any questions and a fixed fee for self assessment tax returns. Once you confirm, we tell you exactly which records to send and the work begins. Most Bangor clients are set up within a day.
Fixed fees, filed on time, for Bangor
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.