If you’ve received a ‘notice to complete’ a tax return from HMRC, it’s crucial to understand that this is a statutory requirement. Even if you believe you don’t need to file a tax return, you must still submit it to HMRC or request the withdrawal of...
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...
How will the changes affect you? As the next General Election looms, all eyes turned to the Chancellor, Jeremy Hunt, as he stepped into Parliament to deliver the highly anticipated 2024 Spring Budget. With pre-budget rumours, speculation ran high about potential tax...
Introduction: Keeping up with deadlines is crucial, especially when it comes to your self-assessment. Failure to meet these deadlines can lead to numerous pitfalls that could significantly impact you and your business. In this blog, we’ll look at the risks...
Maintaining a strong financial foundation is crucial to achieving long-term success and key to this is keeping your accounts in perfect order. Bookkeeping is more than just a mundane administrative task; it’s a strategic investment in your business’s...
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