Want to pay the right tax, stay compliant and maximise tax savings?

At WBV’s offices in Swansea and Neath we work closely with our clients to ensuring they stay compliant, minimising tax liabilities whilst helping businesses identify tax saving opportunities and assist in preparing and filing tax returns.

Business Structure

It is essential to get your Business Structure right from the start. WBV can assist you from deciding on the type of company you want to form to understanding how best to manage finances and taxes, there are many factors that need to be considered when setting up your business structure, e.g., do you want to be a Ltd, Partnership or Sole Trader?

We also provide a business registration service helping you appoint directors, assist with bank setup, tax reviews, VAT registration, PAYE advice and bookkeeping advice.

Once you are set up, we can support you with ongoing services covering everything you need to file with Companies House and HMRC.

Partnership and Sole Traders

We can provide a range of valuable services to Partnerships and Sole Traders, helping you manage your taxes, completing your tax returns, maintain accurate financial records, and make informed business decisions. 

Corporate Tax Returns

At WBV, we take the time to understand your individual circumstances, helping you to structure your business for growth in the most tax efficient way, ensuring you do not miss any vital deadlines and resting assured you will be compliant. We will work with you to ensure that you are taking full advantage of all available reliefs and exemptions, so that you can continue to grow.

Capital Allowance 

Capital Allowance is an important part of tax planning and can be used to reduce the amount of tax that businesses pay. It allows businesses to claim a deduction for certain capital expenditure, such as equipment or buildings. This can result in significant savings for businesses, as it reduces the taxable income and therefore the amount of tax businesses pay. Our tax experts can help you maximise your claims. 

Employment Status Advice

We will help you consider the employment status of the workers you engage with and your own status to ensure you don’t fall foul of the IR35 rules.

The IR35 rules are part of the UK tax legislation and are designed to prevent tax avoidance by workers who provide their services through an intermediary, such as a limited company, but who would be considered employees if they were engaged directly. The rules require such workers to pay the same taxes and National Insurance contributions as regular employees.

Research and Development Credits

Research and development (R&D) tax credits are a great way to get back some of the costs associated with research and development activities. These credits can help offset the costs of developing new products, services, or processes, including improvements to existing ones.

Businesses can reduce their tax bill or claim payable cash credits, claims can be up to 33% of your R&D expenses, allowing you to reinvest in your business.

Group Restructuring

Restructuring a company can be an overwhelming and complex process. It requires careful planning, analysis, and implementation to ensure that it is successful. At WBV, we understand the importance of restructuring and are here to help you every step of the way. Our team of experts will work with you. From helping to ensure that your proposed restructuring is carried out in an efficient and effective manner whist reducing risks for directors. We will provide guidance on areas such as cost savings, technical guidance and liaise with stakeholders and tax advisors on your behalf. 

Enterprise Investment Scheme (EIS)

We have extensive knowledge about all aspects of EIS and provide assistance and advice for both businesses and investors looking to implement this scheme.

The Enterprise Investment Scheme (EIS) is a government initiative designed to encourage investment in smaller businesses. This scheme provides an excellent opportunity for investors looking to diversify their portfolio and support the growth of small businesses in the UK, whilst allowing businesses to grow by raising capital.

Tax Enquiries

We have a high success rate in resolving any tax enquiries that come our way, thanks to our experienced team of professionals who are well-versed in this area. Our team is also equipped with the latest tools and technology to ensure that all tax enquiries are handled efficiently and effectively. With WBV, you can rest assured that your tax enquiries will be handled with the utmost care and attention they deserve.

Loss and Group Relief Claims

WBV will ensure all losses of a group are claimed in the most efficient way. Maximising the amount of tax relief available to the group. 

P11D

As an employer you are responsible for completing and submitting your employee’s P11D forms outlining any cash value of taxable expenses and benefits, those that have not been included in wages.

We can ensure that this information is completed on your behalf for each of your employees saving you time and ensuring that they are accurate and submitted on time, so you can issue the completed P11D to your employees by the beginning of July following the end of the tax year.