Accounting

West Midlands · England

Accountants in Wells, The, West Midlands

If you run a business or have a tax return to file in Wells, The, West Midlands, 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 West Midlands. We serve Wells, The 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 Wells, The and what it costs

The eight core services below each have a page for Wells, The, West Midlands; 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 Wells, The businesses

Clients in Wells, The, West Midlands are not a branch or a territory to us; they are files handled by the same team that serves the rest of the UK, at the same price. The fee you see is confirmed in writing before work starts. The dates you see are diarised and chased. And the person who prepares your first return is the person who prepares the next one.

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

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

Local facts

About Wells, The, West Midlands

Wells, The, West Midlands sits in West Midlands. 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
The Wells, Herefordshire County of0.0 miN
Crowels Ash0.7 miS
Flaggoners Green1 miE
Hardwick Bank1 miNE
Roxpole1 miS
Crick's Green2 miSE
Knapp, The, West Midlands2 miE
The Knapp, West Midlands2 miE

All places in West Midlands · West Midlands places beginning with W

Worth knowing

Rules that affect most businesses here

Closing a company

Striking off a company is cheap but must be done in order: stop trading, file the final accounts and CT600, pay the tax, close VAT and PAYE, distribute the remaining assets, close the bank account, then apply. Anything left in the company at dissolution passes to the Crown. Distributions up to £25,000 are taxed as capital gains; above that a formal liquidation is usually needed to keep capital treatment.

CIS deductions

The Construction Industry Scheme affects both sides of a construction payment. Contractors must verify subcontractors, deduct the right amount, issue statements and file monthly, with penalties from £100 for each late return. Subcontractors suffer deductions on turnover and recover the excess at the year end. Limited company subcontractors offset deductions against PAYE monthly instead.

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.

Confirmation statements and identity verification

Companies House has tightened its requirements under the Economic Crime and Corporate Transparency Act: every company needs a registered email address and an appropriate registered office, every statement includes a lawful-purpose declaration, and every director and PSC must verify their identity. The confirmation statement, due annually with a £50 fee, is where most of this is confirmed.

Director's loan accounts

A director's loan account records money moving between a director and the company that is not salary or dividend. If the director owes the company money nine months and one day after the year end, the company pays section 455 tax at 35.75% of the balance, refundable only when the loan is repaid. Loans over £10,000 are also a benefit in kind unless interest is charged at HMRC's official rate.

Questions

Questions from Wells, The

Do you work with businesses in West Midlands that are not in Wells, The itself?

Yes. Every place in West Midlands 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 Wells, The 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 Wells, The, West Midlands: 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 Wells, The, West Midlands 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 Wells, The 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 Wells, The really the same price as elsewhere?

Yes. The fee published on this page is what a client in Wells, The, West Midlands 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 Wells, The?

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

Start the conversation from Wells, The

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