Management Accounts · South East
Management accounts in St Albans
Owners in St Albans 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 East 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 St Albans
Owner-managed businesses in St Albans 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 St Albans, 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
The IGI way of working, in St Albans
One fixed fee for management accounts in St Albans, agreed in writing before any work starts and never changed part-way through the job, however long it takes us.
We work to the HMRC and Companies House calendar, not an appointment diary. Clients in St Albans get reminders at 60, 30 and 7 days before each date that applies to management accounts.
No appointments, no travel across South East, no parking. Everything for management accounts in St Albans happens online, with a real person on the other end during UK working hours.
You get one contact for management accounts, not a queue. St Albans clients message the same person throughout and get an answer in working hours, usually within a few hours.
We explain management accounts in the words St Albans business owners use, not in accountant's shorthand, and we show our working so you can check it.
Nothing is filed for St Albans 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.
Local facts
About St Albans
St Albans is in South East, in the AL1 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 |
|---|---|---|
| Bernards Heath | 0.6 mi | N |
| Townsend, South East | 0.6 mi | N |
| St. Stephen's | 0.9 mi | SW |
| St Julians, St Albans | 1 mi | SW |
| Sopwell | 1 mi | S |
| Fleetville | 1 mi | E |
| Cunningham | 1 mi | SE |
| New Greens | 1 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
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
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
Companies pay Corporation Tax at 19% on profits up to £50,000 and 25% on profits over £250,000. Between those figures marginal relief applies, producing an effective rate that rises gradually and a marginal rate of 26.5% on each pound in the band. The thresholds are divided by the number of associated companies, so a director with two companies has thresholds of £25,000 and £125,000 for each.
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
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.
The Self Assessment calendar
Self Assessment runs on a fixed annual cycle. Registration by 5 October following the tax year, online filing and payment by 31 January, and a second instalment on 31 July for those making payments on account. The penalties for lateness are automatic and escalate monthly, which is why we file early and chase approvals well before the window closes.
Questions
Management Accounts questions from St Albans
Can you provide management accounts for a group or multiple branches?
Yes. Branch or entity-level packs with a consolidated view are quoted as a fixed fee based on the number of units. Many franchisees and multi-site businesses use us for exactly this, with each site's performance visible alongside the total.
How does quarterly differ from monthly?
Same content, less often. Quarterly at £99 a quarter suits stable businesses that want a regular check rather than close monitoring. Monthly suits businesses that are growing, borrowing, employing or facing margin pressure, where a quarter is too long to wait to see a problem.
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.
Do you have an office in St Albans?
No. IGI Accounting is an online-only firm. We serve St Albans 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 St Albans as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is management accounts in St Albans really the same price as elsewhere?
Yes. The fee published on this page is what a client in St Albans 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.
Ready to fix your fee in St Albans?
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.