Management Accounts · South London
Management accounts in Graveney, Wandsworth
Owners in Graveney, Wandsworth who are making decisions about hiring, pricing, borrowing or expansion need numbers that are current and comparable. Our management accounts service gives businesses across South London exactly that, online, with a short written commentary that says what moved and what to watch, and a review call in the top package to talk it through.
from £99/mo · fixed, per month
Next deadlines
- VAT return and payment for the quarter that ended last month
- PAYE and National Insurance for last month paid to HMRC (electronic)
- VAT return and payment for the quarter that ended last month
- PAYE and National Insurance for last month paid to HMRC (electronic)
Who this is for
Management Accounts for Graveney
Owner-managed businesses in Graveney, Wandsworth with turnover from around £250,000 upwards that are making decisions during the year: companies with staff, stock or borrowing, businesses preparing to raise finance or sell, franchisees reporting to a franchisor, companies with external shareholders or a board, and any owner who has decided that once a year is not often enough to know how the business is doing.
What is included
Everything inside the fixed fee
- Profit and loss for the period and year to date, against budget or prior year where available
- Balance sheet with debtors, creditors, cash, stock and loan positions explained
- Written commentary on the movements that matter and what is driving them
- KPI dashboard with the measures agreed for your business, in the £149 package
- A review call each period to go through the pack and the decisions it points to, in the £199 package
- Accruals, prepayments and depreciation posted so the figures are accurate rather than cash-based
How it works
Management Accounts from Graveney, Wandsworth, step by step
Tell us your situation
A short message or call about what you do and what needs filing. We ask the questions that determine the right package and nothing more.
Fixed fee in writing
You receive one price for the work, confirmed by email before anything starts. It does not change if the job takes longer than we expected.
Send records, review the draft
Records come by WhatsApp or email. We prepare the draft, explain the figures in plain English and answer your questions.
We file, you get the receipts
Once you approve and the fee is settled, we submit electronically and forward the HMRC or Companies House acknowledgement the same day.
Why IGI
Why Graveney businesses file with IGI
The price for management accounts is published on this page and is what a client in Graveney pays. We confirm it in writing first, and the invoice matches the quote.
Deadline-first: the dates that matter for management accounts are shown at the top of this page, diarised for every Graveney client and chased before they arrive.
Online only, UK based. There is no office in Graveney to pay for, which is why the fee is the same here as anywhere in England; the work is done by people in the UK who answer the same day.
Continuity matters in management accounts: the person who prepared last year's work for your Graveney business prepares this year's, and remembers what was agreed.
Plain English, with the numbers. Every draft for Graveney comes with a short explanation of what the figures mean and what, if anything, you should do about them.
You stay in control of management accounts: drafts go to Graveney clients first, with the figures explained, and nothing leaves us until you say so.
Local facts
About Graveney, Wandsworth
Graveney, Wandsworth is in South London, within Wandsworth, in the SW17 postcode district, England. Income tax in England follows the UK rates: 20% basic to £50,270, 40% higher to £125,140 and 45% additional, with the personal allowance of £12,570 tapered away above £100,000. National Insurance, VAT and Corporation Tax are UK-wide, and Stamp Duty Land Tax applies to property purchases.
| Place | Distance | Direction |
|---|---|---|
| Tooting | 0.3 mi | NW |
| Tooting Broadway | 0.3 mi | NW |
| Furzedown | 0.4 mi | E |
| Tooting Graveney | 0.4 mi | SE |
| Tooting Bec | 0.7 mi | N |
| Streatham Park | 0.8 mi | E |
| Colliers Wood | 0.8 mi | SW |
| Upper Tooting | 0.9 mi | N |
Worth knowing
Rules that come up in this work
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.
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.
The VAT registration threshold
The £90,000 VAT threshold is measured over any twelve consecutive months, which is why a strong quarter can tip a business over unexpectedly. Registration must follow within thirty days of the end of the month the threshold was crossed. Below the threshold, voluntary registration is worth considering when customers are VAT-registered businesses and costs carry VAT.
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.
Late filing penalties
Lateness is expensive in a way that compounds. For individuals, £100 immediately, then daily penalties, then percentage-based ones at six and twelve months, with interest running on unpaid tax throughout. For companies, Companies House penalties scale with delay and double on repeat, and HMRC adds its own for a late CT600. Filing on time is the cheapest tax planning there is.
Making Tax Digital for Income Tax
The biggest change to Self Assessment in a generation is Making Tax Digital for Income Tax, now live for higher-earning sole traders and landlords and arriving for the rest in stages. Quarterly updates are due by 7 August, 7 November, 7 February and 7 May, built from digital records. The practical consequence is that spreadsheet-and-shoebox bookkeeping is ending for anyone above the threshold.
The Self Assessment calendar
The tax year runs from 6 April to 5 April. Anyone new to Self Assessment must register by 5 October after the end of the tax year in which their untaxed income began. The online return and the balancing payment are due by 31 January, with a second payment on account on 31 July where they apply. Paper returns have an earlier deadline of 31 October and are rarely sensible.
Questions
Management Accounts questions from Graveney
Do I need bookkeeping with you to have management accounts?
It is simplest if we do the bookkeeping because the figures are current and we know the file, but we can produce management accounts from a well-kept file maintained by you or another bookkeeper. The pack is only as good as the bookkeeping, so if the records are behind we say so first.
What adjustments do you make to the bookkeeping figures?
Accruals for costs incurred but not yet invoiced, prepayments for costs paid in advance, depreciation on fixed assets, stock movements where you hold inventory, and the Corporation Tax charge accruing. Without these the profit figure swings with payment timing and says little about performance.
What is the difference between management accounts and statutory accounts?
Statutory accounts are the annual filing to Companies House, prepared to a legal format and backward-looking. Management accounts are internal, produced monthly or quarterly, in whatever format helps you run the business, with commentary and comparisons. They are not filed anywhere and exist to inform decisions.
What is in the pack?
Profit and loss for the period and year to date against budget or prior year, balance sheet with the main positions explained, cash movement, aged debtors and creditors, and a written commentary of a page or so on what changed and why. The £149 package adds a KPI dashboard; the £199 package adds a review call each period.
Can you compare against a budget?
Yes, if you have one. If you do not, we compare against the same period last year and, if you want one, help you build a simple budget as part of the first quarter. Variance against budget is the most useful single comparison in the pack once a budget exists.
What is the review call?
A 30 to 45 minute video call each period in the £199 package to go through the pack, discuss what it shows and what decisions it points to. It is the part clients value most, because numbers on a page do not ask questions and we do.
Do you have an office in Graveney?
No. IGI Accounting is an online-only firm. We serve Graveney, Wandsworth 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 management accounts is the same in Graveney as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is management accounts in Graveney really the same price as elsewhere?
Yes. The fee published on this page is what a client in Graveney, Wandsworth 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.
One message from Graveney, one fixed price
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.