Accounting

Wales · Wales

Accountants in Magor

IGI Accounting serves businesses and individuals in Magor entirely online, with every fee published and fixed before work starts. Whether you are a sole trader, a landlord, a limited company director or a contractor in Magor, the service is the same as for clients anywhere in Wales: records by WhatsApp or email, drafts back for approval with the figures explained, and electronic filing with HMRC and Companies House once you have signed off.

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 Magor and what it costs

The eight core services below each have a page for Magor; 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 Magor businesses

An online firm suits Magor 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 Magor clients the published fee and nothing more, with every submission approved by you before it goes.

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

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

No appointments, no travel across Wales, no parking. Everything for self assessment tax returns in Magor happens online, with a real person on the other end during UK working hours.

Local facts

About Magor

Magor sits in Wales, postcode district NP26. Welsh taxpayers pay Welsh rates of income tax, set by the Senedd and currently matching the English bands, collected under a C-prefixed tax code. National Insurance, VAT and Corporation Tax are UK-wide. Property purchases in Wales pay Land Transaction Tax to the Welsh Revenue Authority rather than Stamp Duty, with its own bands and rates.

Nearby places we also serve
PlaceDistanceDirection
Mill Common, Monmouthshire0.1 miNE
Magwyr0.2 miNW
Vinegar Hill0.5 miE
Whitewall Common0.5 miSE
Gwndy0.6 miE
Whitehall Gardens0.7 miE
Knollbury0.7 miNE
Undy0.8 miE

All places in Wales · Wales places beginning with M

Worth knowing

Rules that affect most businesses here

Switching accountants

Changing accountant is simpler than most people fear. You authorise the new firm, which writes to the old one for professional clearance and your records; the outgoing accountant must hand over your own documents and usually does within two weeks. The new firm registers as your agent with HMRC and picks up the next filing. There is no need to wait for a year end.

Closing a company

A solvent company that has finished its purpose can be dissolved by voluntary strike-off: form DS01 with a £13 Companies House fee, after three months without trading and with all debts paid, final accounts and tax return filed, and assets distributed. HMRC objects to any application where returns or tax are outstanding, so the sequence matters more than the form.

Dormant companies

Companies formed to protect a name or hold a future business are dormant but not exempt: Companies House still expects dormant accounts within nine months of the year end and a confirmation statement annually with its £50 fee, and HMRC must be told the company is dormant or it will demand Corporation Tax returns. The filings are short, but the penalties for missing them are the same as for a trading company.

The trading and property allowances

Not every small income needs a tax return. The trading allowance exempts the first £1,000 of self-employment or casual income and the property allowance does the same for rental income, each measured on gross receipts. They cannot be combined with rent-a-room relief on the same income, and claiming the allowance means giving up the expense deduction for that source.

Employer National Insurance

Since April 2025 employer National Insurance has been 15% on earnings above a £5,000 secondary threshold, a substantial increase for small employers. The Employment Allowance rose to £10,500 at the same time to soften it for the smallest businesses. Directors deciding their own salary weigh this cost against the Corporation Tax deduction a salary provides.

Questions

Questions from Magor

Can you deal with HMRC and Companies House for me?

Yes. Once you authorise us as your agent, HMRC and Companies House correspond with us about the filings we make for your Magor business, and we can see your accounts and respond on your behalf. Authorisation is free and takes a few days to activate. Routine correspondence about work we have filed is handled at no extra charge.

I already have an accountant in Magor. How hard is it to switch?

It takes about two weeks and costs nothing extra. You authorise us, we write to your current accountant for professional clearance and your records, and we transfer the agent authorisations. We pick up the next filing without a gap. You do not need to wait for a year end, and we tell you honestly if switching mid-job would be awkward.

Which services are available in Magor?

Every service on this page is available to businesses and individuals in Magor, at the fee shown. Core compliance work, accounts, tax returns, bookkeeping, VAT, payroll and company formation, is listed with its own local page. Specialist services such as R&D, crypto tax and HMRC enquiry support are national services delivered the same way from anywhere in the UK.

Why are the fees the same in Magor as in London?

Because the cost of an accountant is mostly premises and that is a cost we do not have. The work is done online by UK-based staff, so a client in Magor pays exactly the published fee, as does a client in central London or a Highland village. The fee is confirmed in writing before anything starts.

Which deadlines matter most for self assessment tax returns?

The next four dates that apply to self assessment tax returns are shown at the top of this page, calculated from today. For Magor clients we diarise every one of them from the day you join and send reminders before each, so the work is done in good time rather than in the last week before a penalty.

How do I get started from Magor?

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 Magor clients are set up within a day.

Ready to fix your fee in Magor?

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