Accounting

South West · England

Accountants in Bishop's Down

If you run a business or have a tax return to file in Bishop's Down, this page lists what we do, what it costs and when it is due. The fees are fixed and identical to those for every other place in South West. We serve Bishop's Down remotely, which means no travel, no appointments and no premises to pay for, and we track the HMRC and Companies House deadlines so that you do not have to.

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 Bishop's Down and what it costs

The eight core services below each have a page for Bishop's Down; specialist and advisory services are delivered nationally and are listed further down. Every fee is fixed and confirmed in writing before work starts.

Why IGI

Working with Bishop's Down businesses

An online firm suits Bishop's Down because the things that matter in accounting, accuracy, deadlines, clear explanations and a known price, do not depend on geography. What does depend on geography is overhead, and by not carrying it we charge Bishop's Down clients the published fee and nothing more, with every submission approved by you before it goes.

You stay in control of self assessment tax returns: drafts go to Bishop's Down clients first, with the figures explained, and nothing leaves us until you say so.

Plain English, with the numbers. Every draft for Bishop's Down comes with a short explanation of what the figures mean and what, if anything, you should do about them.

You get one contact for self assessment tax returns, not a queue. Bishop's Down clients message the same person throughout and get an answer in working hours, usually within a few hours.

Local facts

About Bishop's Down

Bishop's Down sits in South West. For businesses in England the tax rules are those set by the UK Parliament: the 20/40/45% income tax bands, Class 4 National Insurance for the self-employed at 6% and 2%, Corporation Tax at 19% to 25%, and Stamp Duty Land Tax on property. Business rates are set locally by the council.

Nearby places we also serve
PlaceDistanceDirection
Caundle Marsh0.6 miNE
Buckshaw0.9 miSE
Folke1 miNW
Alweston1 miN
Boys Hill1 miS
Tut Hill1 miNE
Sandhills, Dorset1 miSE
Bishop's Caundle1 miE

All places in South West · South West places beginning with B

Worth knowing

Rules that affect most businesses here

Employer National Insurance

The cost of an employee is more than the salary. Employer National Insurance at 15% above £5,000 a year, the 3% minimum pension contribution, holiday pay, equipment and management time all come on top. The Employment Allowance of £10,500 reduces the National Insurance for most employers with more than one person on the payroll.

Closing a company

Striking off a company is cheap but must be done in order: stop trading, file the final accounts and CT600, pay the tax, close VAT and PAYE, distribute the remaining assets, close the bank account, then apply. Anything left in the company at dissolution passes to the Crown. Distributions up to £25,000 are taxed as capital gains; above that a formal liquidation is usually needed to keep capital treatment.

Switching accountants

The main reasons people switch accountant are surprise invoices, missed deadlines and not understanding what they are being told. Switching involves a clearance letter between the firms, a transfer of records and agent authorisations, and a short handover of the current position. It takes about two weeks and should cost nothing extra.

Director's loan accounts

The most common tax problem in owner-managed companies is an overdrawn director's loan account: drawings taken during the year that were never declared as dividends or salary. The company faces a 35.75% charge on the balance outstanding nine months after the year end, and the director may have a benefit in kind. We review the account before every year end to clear it properly.

Salary versus dividends

Paying yourself from a company involves two routes with different tax treatment. Salary through payroll is a company expense and builds a National Insurance record; dividends come from post-tax profit at lower personal rates. Undocumented drawings that are neither become director's loans, with a 35.75% section 455 charge if not repaid within nine months of the year end.

Questions

Questions from Bishop's Down

Do you work with businesses in South West that are not in Bishop's Down itself?

Yes. Every place in South West 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 England your business is based, the service is identical because none of it depends on where you are.

What if my Bishop's Down 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 Bishop's Down: records in, draft out, approve, filed.

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 Bishop's Down 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 Bishop's Down 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.

Is self assessment tax returns in Bishop's Down really the same price as elsewhere?

Yes. The fee published on this page is what a client in Bishop's Down pays and what a client in any other part of England pays. It is confirmed in writing before work starts and the invoice matches the quote. Where a higher package applies because your situation is more complex, we say so at the quote stage, never afterwards.

Do you have an office in Bishop's Down?

No. IGI Accounting is an online-only firm. We serve Bishop's Down 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 Bishop's Down as anywhere else in the country, and why there is nothing to visit and nothing to print.

Get a fixed quote for Bishop's Down today

Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.

WhatsApp for a fixed quote