Accounting

Wales · Wales

Accountants in Old Radnor

Businesses in Old Radnor use us for three reasons: the price is known in advance, the filing is done on time, and the numbers are explained in plain English. Every service listed below is available in Old Radnor at the published fee, which is the same across Wales. We are an online firm with UK-based staff, a named contact for each client and a rule that nothing is filed until you have approved it.

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 Old Radnor and what it costs

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

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

We explain self assessment tax returns in the words Old Radnor business owners use, not in accountant's shorthand, and we show our working so you can check it.

Nothing is filed for Old Radnor until you have reviewed and approved it. You see the draft, you ask questions, you sign off, then we submit and send you the receipt.

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

Local facts

About Old Radnor

Old Radnor 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
Burlingjobb0.4 miSE
Gore, Powys0.6 miE
Walton, Powys0.6 miNE
Dolyhir0.7 miSW
Stanner, Powys0.8 miSE
Walton Green1 miNE
Harpton1 miW
Weythel1 miSW

All places in Wales · Wales places beginning with O

Worth knowing

Rules that affect most businesses here

Salary versus dividends

The salary-and-dividend split is the central planning decision for an owner-managed company. Salary costs employer National Insurance above £5,000 but is deductible; dividends are not deductible but attract lower personal rates and no National Insurance. The optimum changes each April with the thresholds and depends on the director's other income, so it should be set deliberately every year.

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.

The VAT registration threshold

VAT registration is compulsory once taxable turnover in any rolling twelve-month period exceeds £90,000, or when you expect to exceed that in the next thirty days alone. The test is rolling, not by tax year, and includes zero-rated sales. Businesses regularly cross it without noticing, and late registration means accounting for VAT on sales where it was never charged to customers.

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.

Late filing penalties

HMRC's penalties for a late Self Assessment return are automatic: £100 the day after 31 January, £10 a day from three months late up to £900, then the greater of £300 or 5% of the tax at six and twelve months. Interest and separate late-payment penalties apply to the tax itself. Companies House charges £150 to £1,500 for late accounts, doubling for a second consecutive year.

Questions

Questions from Old Radnor

What if my Old Radnor 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 Old Radnor: records in, draft out, approve, filed.

Do you work with businesses in Wales that are not in Old Radnor 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.

How quickly do you respond?

In UK working hours, usually within a few hours and always the same working day. Each Old Radnor 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 Old Radnor clients on monthly packages.

Do you have an office in Old Radnor?

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

Is self assessment tax returns in Old Radnor really the same price as elsewhere?

Yes. The fee published on this page is what a client in Old Radnor pays and what a client in any other part of Wales 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.

Ready to fix your fee in Old Radnor?

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