South West · England
Accountants in Yeovil
Businesses in Yeovil 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 Yeovil at the published fee, which is the same across England. 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 Yeovil and what it costs
All 26 services below are available to Yeovil clients at the published fee. Every fee is fixed and confirmed in writing before work starts.
Why IGI
Working with Yeovil businesses
An online firm suits Yeovil 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 Yeovil 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 Yeovil business owners use, not in accountant's shorthand, and we show our working so you can check it.
Nothing is filed for Yeovil 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. Yeovil clients know the fee for self assessment tax returns before they send a single document, and it stays fixed.
Local facts
About Yeovil
Yeovil sits in South West, postcode district BA20. 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 |
|---|---|---|
| Crofton Park, Somerset | 0.3 mi | NE |
| Hendford | 0.3 mi | SW |
| Huish, Somerset | 0.5 mi | W |
| Hollands | 0.6 mi | NW |
| Goar Knap | 0.6 mi | NE |
| Summerlands, South West | 0.8 mi | NW |
| Pen Mill | 0.9 mi | NE |
| Barwick Park | 1.0 mi | S |
All places in South West · South West places beginning with Y
Worth knowing
Rules that affect most businesses here
Salary versus dividends
Paying yourself from a company involves two routes with different tax treatment. Salary through payroll is a company expense and builds a National Insurance record; dividends come from post-tax profit at lower personal rates. Undocumented drawings that are neither become director's loans, with a 35.75% section 455 charge if not repaid within nine months of the year end.
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
Penalties are the clearest reason to work to deadlines. A Self Assessment return one day late costs £100 regardless of whether any tax is due; three months late adds £10 a day. Late company accounts start at £150 and reach £1,500, and double if the previous year was also late. None of this is negotiable afterwards except through a narrow reasonable-excuse appeal.
Questions
Questions from Yeovil
What if my Yeovil 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 Yeovil: records in, draft out, approve, filed.
Do you work with businesses in South West that are not in Yeovil itself?
Yes. Every place in South West 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.
How quickly do you respond?
In UK working hours, usually within a few hours and always the same working day. Each Yeovil 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 Yeovil clients on monthly packages.
Do you have an office in Yeovil?
No. IGI Accounting is an online-only firm. We serve Yeovil 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 Yeovil as anywhere else in the country, and why there is nothing to visit and nothing to print.
Is self assessment tax returns in Yeovil really the same price as elsewhere?
Yes. The fee published on this page is what a client in Yeovil 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 Yeovil?
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.