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 for VAT

HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. The first area to be affected by MTD will be VAT with the new rules being implemented from April 2019.

Under the regulations, businesses with taxable turnover above the VAT threshold (currently £85,000) must keep digital records for VAT purposes and provide their VAT return information to HMRC using ‘functional compatible software’. These new regulations take effect for VAT return periods beginning on or after 1 April 2019.

HMRC has published VAT Notice 700/22: Making Tax Digital for VAT. This Notice defines ‘functional compatible software’ and the transaction-level data that needs to be recorded and retained within the software.

Under the new MTD regulations, businesses will have to use ‘functional compatible software’. This means a ‘software program or set of compatible software programs which can connect to HMRC systems via an Application Programming Interface (API)’. This must be capable of:

  • keeping records in digital form as specified by the new rules
  • preserving digital records in digital form
  • creating a VAT return from the digital records held in compatible software and submitting this data to HMRC digitally
  • providing HMRC with VAT data on a voluntary basis
  • receiving, via the API platform, information from HMRC to ascertain compliance.

MTDfV is coming soon and we are here to help you prepare.