Is the Annual Accounting Scheme Right for Your Business? If you’re a VAT-registered business in the UK, you usually submit VAT returns and payments to HM Revenue and Customs four times a year. But there’s another option called the Annual Accounting Scheme,...
What’s new in 2024/25? With the onset of the new tax year, it’s crucial to stay informed about updates in the changes in tax rates and allowances, opening up avenues for strategic tax planning. WBV, serving Swansea and Neath, is proactively gearing up for the...
A guide to the updated National Minimum Wage and National Living Wage for the new tax year. As the new tax year approaches, with it comes an update to the National Minimum Wage and National Living Wage and it is imperative that all businesses comply! The Government...
With the changes to National Insurance recently announced find out below how will it affect you. Every employee is liable to pay Class 1 National Insurance Contributions (NICs) on earnings over £12,570 and every self-employed individual is liable to pay Class 4 NICs...
Spring Budget Announcement The chancellor announced during the Spring Budget that the threshold earnings on which the High Income Child Benefit Charge will apply to an individual is set to rise to £60,000. This is an increase from previous years of £50,000 and will...
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