Accounting

South East · England

Accountants in Westwood, Thanet

If you run a business or have a tax return to file in Westwood, Thanet, 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 South East. We serve Westwood 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 Westwood and what it costs

The eight core services below each have a page for Westwood, Thanet; 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 Westwood businesses

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

You get one contact for self assessment tax returns, not a queue. Westwood, Thanet clients message the same person throughout and get an answer in working hours, usually within a few hours.

No appointments, no travel across South East, no parking. Everything for self assessment tax returns in Westwood happens online, with a real person on the other end during UK working hours.

Deadline-first: the dates that matter for self assessment tax returns are shown at the top of this page, diarised for every Westwood client and chased before they arrive.

Local facts

About Westwood, Thanet

Westwood, Thanet sits in South 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
Sackettshill0.4 miN
Northwood, Thanet0.6 miSE
Rumfield0.6 miSE
Saint Peters0.7 miNE
Bromstone0.9 miE
Fairfield, Thanet0.9 miE
Haine0.9 miSW
St Peter's, Thanet0.9 miE

All places in South East · South East places beginning with W

Worth knowing

Rules that affect most businesses here

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.

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.

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.

Closing a company

A solvent company that has finished its purpose can be dissolved by voluntary strike-off: form DS01 with a £13 Companies House fee, after three months without trading and with all debts paid, final accounts and tax return filed, and assets distributed. HMRC objects to any application where returns or tax are outstanding, so the sequence matters more than the form.

Questions

Questions from Westwood

Why are the fees the same in Westwood as in London?

Because the cost of an accountant is mostly premises and that is a cost we do not have. The work is done online by UK-based staff, so a client in Westwood, Thanet pays exactly the published fee, as does a client in central London or a Highland village. The fee is confirmed in writing before anything starts.

Which services are available in Westwood?

Every service on this page is available to businesses and individuals in Westwood, Thanet, at the fee shown. Core compliance work, accounts, tax returns, bookkeeping, VAT, payroll and company formation, is listed with its own local page. Specialist services such as R&D, crypto tax and HMRC enquiry support are national services delivered the same way from anywhere in the UK.

I already have an accountant in Westwood. How hard is it to switch?

It takes about two weeks and costs nothing extra. You authorise us, we write to your current accountant for professional clearance and your records, and we transfer the agent authorisations. We pick up the next filing without a gap. You do not need to wait for a year end, and we tell you honestly if switching mid-job would be awkward.

Can you deal with HMRC and Companies House for me?

Yes. Once you authorise us as your agent, HMRC and Companies House correspond with us about the filings we make for your Westwood business, and we can see your accounts and respond on your behalf. Authorisation is free and takes a few days to activate. Routine correspondence about work we have filed is handled at no extra charge.

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

Yes. The fee published on this page is what a client in Westwood, Thanet 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 Westwood?

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

Fixed fees, filed on time, for Westwood

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