Accounting

North East · England

Accountants in Newton Underwood

If you run a business or have a tax return to file in Newton Underwood, 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 North East. We serve Newton Underwood 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 Newton Underwood and what it costs

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

An online firm suits Newton Underwood 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 Newton Underwood 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 Newton Underwood clients first, with the figures explained, and nothing leaves us until you say so.

Plain English, with the numbers. Every draft for Newton Underwood 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. Newton Underwood clients message the same person throughout and get an answer in working hours, usually within a few hours.

Local facts

About Newton Underwood

Newton Underwood sits in North East. 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
Newton Park0.7 miNE
Throphill1 miNW
Molesden1 miS
Nunriding1 miNW
Pigdon1 miN
Mitford1 miE
Benridge2 miNE
Spital Hill, Northumberland2 miE

All places in North East · North East places beginning with N

Worth knowing

Rules that affect most businesses here

Director's loan accounts

Money taken from a company has to be something: salary, dividend, expense reimbursement or loan. If it is a loan and remains outstanding nine months after the year end, the company pays tax at the dividend higher rate on it until it is repaid. Clearing the balance with a properly declared dividend before the deadline, where reserves allow, is routine year-end 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.

Corporation Tax rates and marginal relief

Since April 2023 there have been two Corporation Tax rates, 19% small profits and 25% main, with marginal relief smoothing the transition between £50,000 and £250,000 of profit. The band is where planning matters: each pound of profit in it is taxed at an effective 26.5%, so pension contributions and capital expenditure timed to keep profit below £50,000 are worth more than they look.

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.

Making Tax Digital for Income Tax

Making Tax Digital for Income Tax began in April 2026 for sole traders and landlords with qualifying income over £50,000, extends to those over £30,000 in April 2027 and is planned for £20,000 in April 2028. It requires digital records in compatible software and four quarterly updates to HMRC each year, with a final declaration replacing the traditional return. Payment dates are unchanged.

Questions

Questions from Newton Underwood

Do you work with businesses in North East that are not in Newton Underwood itself?

Yes. Every place in North East 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 Newton Underwood 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 Newton Underwood: 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 Newton Underwood 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 Newton Underwood 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 Newton Underwood really the same price as elsewhere?

Yes. The fee published on this page is what a client in Newton Underwood 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 Newton Underwood?

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

Fixed fees, filed on time, for Newton Underwood

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