Accounting

Wales · Wales

Accountants in Monmouth Cap

IGI Accounting serves businesses and individuals in Monmouth Cap 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 Monmouth Cap, 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 Monmouth Cap and what it costs

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

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

Online only, UK based. There is no office in Monmouth Cap to pay for, which is why the fee is the same here as anywhere in Wales; the work is done by people in the UK who answer the same day.

Continuity matters in self assessment tax returns: the person who prepared last year's work for your Monmouth Cap business prepares this year's, and remembers what was agreed.

No hourly rate and no surprise invoice. Monmouth Cap clients know the fee for self assessment tax returns before they send a single document, and it stays fixed.

Local facts

About Monmouth Cap

Monmouth Cap sits in Wales. 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
Llangua0.3 miSW
Vroe0.8 miW
Pontrilas Road0.9 miN
Kentchurch1 miE
Grosmont, Wales1 miSE
Callowside1 miN
Rowlestone1 miNW
Ewyas Harold2 miN

All places in Wales · Wales places beginning with M

Worth knowing

Rules that affect most businesses here

Switching accountants

You can switch accountant at any point in the year. The new firm requests clearance and your records from the old one, which cannot withhold your own documents though it may hold its own working papers until its fees are settled. Agent authorisations with HMRC and Companies House are transferred, and the next deadline is picked up without a gap.

Closing a company

Voluntary strike-off is available only to solvent companies. One that owes money it cannot pay needs a creditors' voluntary liquidation through a licensed insolvency practitioner, and directors who dissolve an insolvent company face personal consequences. For a solvent company the process takes three to four months from filing the DS01, with notice to creditors and shareholders within seven days.

Record keeping

HMRC requires records of all income and expenses, bank statements, invoices and receipts to be kept for at least five years after the 31 January filing deadline of the tax year they relate to, and companies must keep records for six years from the end of the accounting period. Digital copies are acceptable. Under Making Tax Digital the records must be kept in compatible software.

Allowable expenses

An expense is allowable against trading profit if it is incurred wholly and exclusively for the business. Materials, business travel other than ordinary commuting, a proportion of home running costs, software, insurance, professional fees, bank charges and protective clothing qualify. Client entertainment, ordinary clothing, fines and the private share of mixed-use costs do not.

Crypto records and reporting

Most crypto holders have taxable events they do not recognise, because every swap is a disposal even when no pounds change hands. The computation requires the complete transaction history from every exchange and wallet, pooled by asset with HMRC's matching rules applied. Exchange-generated tax reports are frequently wrong because they cannot see transfers between a user's own wallets.

Questions

Questions from Monmouth Cap

How quickly do you respond?

In UK working hours, usually within a few hours and always the same working day. Each Monmouth Cap 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.

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 Monmouth Cap clients on monthly packages.

What if my Monmouth Cap 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 Monmouth Cap: records in, draft out, approve, filed.

Do you work with businesses in Wales that are not in Monmouth Cap 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.

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 Monmouth Cap 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 Monmouth Cap?

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 Monmouth Cap clients are set up within a day.

One message from Monmouth Cap, one fixed price

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