Coleman Communications

Public Relations Consultancy in Neath, South Wales

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Accountant Prepares To ‘Race The Sun’ For Children’s Charity

wbvA test of fitness and stamina, the ‘Race the Sun’ is not an event for the fainthearted, but with the prospect of helping children’s charity Action Medical Research accountant Stuart Harries is relishing the challenge.

A keen sportsman, Stuart is a partner at WBV Ltd – one of South Wales’ largest independent firms of chartered accountants.

Starting at sunrise and finishing at sunset on August 30th, the ‘Race the Sun’ challenge through the Lake District involves teams of four people undertaking a 50 mile bike ride, a hike to the summit of Helvellyn (3,116ft) and canoeing a 3km course on Lake Thirlmere.

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WBV Announces New Directors

wbvOne of South Wales’ largest independent firms of chartered accountants, WBV Ltd, has expanded with the announcement of two new directors and an additional member to its payroll team.

The elevation of Richard Chapple and Terrance Jones brings the number of directors at the Neath and Swansea based firm to five.

WBV has also appointed Alison Court as a payroll administrator in its specialist payroll team.

The changes also mark the fourth anniversary of WBV, which was formed by the amalgamation in 2010 of established accountancy firms Watkins Bradfield and H W Vaughan.

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Budget 2014 – Businesses to benefit from Budget say WBV

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Many businesses could benefit from some of the measures introduced in the Budget, according to independent chartered accountants WBV Ltd.

The firm, which has offices in Neath and Swansea, says George Osborne’s “Budget for a Resilient UK” outlined a number of new measures, while also welcoming significantly improved growth forecasts, with the UK economy expected to grow by 2.7% in 2014.

Although the surprise announcement that the Annual Investment Allowance (AIA) for capital expenditure has been doubled from £250,000 to £500,000 will not affect most small and medium-sized businesses, those with heavy capital investment plans will be cheered and the vast majority of businesses will now get 100% up-front relief on qualifying investment in plant and machinery.

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RTI penalties to be phased in

wbvEmployers will have more breathing space to implement new salary payment rules with the announcement of staggered penalties for late filing and payment, according to independent chartered accountants, WBV Ltd.

Penalties for late filing and late payment in relation to Real Time Information (RTI) were due to come into force next month, but following HM Revenue and Customs (HMRC) customer feedback the process will instead be spread-out.

Under RTI, which came into force last year, employers are required to electronically submit details of salary payments and deductions as they are made, rather than waiting until the end of the tax year.

Automatic in-year Pay As You Earn (PAYE) penalties for late filing and late payment and in-year interest – charged on tax and national insurance contributions paid late during the year – were due to start from 6 April 2014.

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