Welcome to WBD Accountants

We are a firm of Chartered Accountants offering accountancy and business consultancy services to owner managed and family owned businesses.

Specialist Service

We offer a specialist service to businesses to provide a cost-effective, high value solution for all your financial needs. We can give you and your business assistance and helpful advice on a daily basis when required. Take a look at our services to discover how we can help your business grow. To access a wealth of information visit our resource centre or view our free factsheets.

HELPING BUSINESSES GROW AND SUCCEED

As part of our core aim of helping local businesses grow and succeed we offer the following planning and growth services amongst many more.

  • Business Structure planning service and support
  • Goal setting
  • Business budgeting
  • Business restructure and refinance
  • Mergers and Acquisitions – due diligence and support
  • Sale of business
  • Inheritance Tax planning and support
  • Workplace Pensions - Auto enrolment implementation support and guidance

AVN

WBD Accountants are founder members of AVN, an association of accountants committed to helping UK owner managed businesses become the most successful and enjoyable to run in the world. Click here to find out more about our added value services.


ServicesIndividuals & Businesses

We offer a range of compliance, added value and planning services to all our customers.

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Resources Interactive tools & factsheets

Our resources and factsheets are designed to help keep business owners aware of the latest changes in the financial world.

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1st Meeting Free!

We are only a quick phone call or email away so please don't hesitate to get in touch.

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The current hot topic

Making Tax Digital

HMRC have issued a series of consultation documents outlining further plans for the government's Making Tax Digital (MTD) initiative.

HMRC have published six consultation documents on MTD. The six consultations set out detailed plans on how HMRC propose to make tax digital and to simplify the tax system. The consultations look at the following areas:

  • How digital record keeping and regular updates will operate - this considers compulsory digital record-keeping and quarterly 'updates' to HMRC and an End of Year declaration within nine months of the end of the period of account.
  • Options to simplify tax for unincorporated businesses, including changes to basis periods, extending cash basis accounting and reducing reporting requirements for unincorporated businesses.
  • Extending cash basis accounting to unincorporated property businesses.
  • Voluntary pay as you go arrangements, where taxpayers can pay what they want when they want, subject to the normal payment on account rules. Regular direct debit arrangements and quarterly payments on account are also being considered.
  • Changes to tax administration, including changes to the enquiry regime, penalties for late submission of quarterly updates and End of Year declarations and also the late payment of tax.
  • How HMRC will make better use of the information which they currently receive from third parties, including updating of PAYE codes more regularly and coding out of bank interest via PAYE.

Commenting on the plans, Jane Ellison Financial Secretary to the Treasury said:

'This new system will make the UK's tax administration more efficient and straightforward and will offer businesses greater clarity when it comes to paying their tax bills.'

However professional bodies have expressed their concerns about HMRC's proposals. Frank Haskew, Head of the Tax Faculty at the Institute of Chartered Accountants in England and Wales, said:

'This is not the time to be rushing through fundamental changes to business processes that are likely to result in major upheaval and extra costs, especially when the business benefit to the UK has not been clearly demonstrated.'

Under the Government's plans, the changes to the tax system will be introduced gradually between 2018 and 2020. We will keep you informed of developments.

Internet link: GOV.UK MTD