Experts at TWP Accounting are urging families and business owners to review their estate planning arrangements ahead of major changes to pension taxation due to take effect from April 2027. Under the planned rules, unused pension pots are expected to fall within the scope of Inheritance Tax (IHT) for many estates. Andrew Goddon, Partner and […]
TWP Accountants are urging employers across Weybridge to review their hiring and management practices following the introduction of new “day one” employment rights, which came into force on 6 April 2026. The changes, courtesy of the Employment Rights Act 2025, mean that several key protections now apply from the very start of employment, removing the […]
The latest Spring Statement has done little to steady the nerves of firms in Surrey, with Chancellor Rachel Reeves declining to set out fresh measures to ease mounting financial strain on UK companies, according to leading accountancy practice TWP Accounting. In calmer circumstances, the Office for Budget Responsibility’s (OBR) Spring Forecast might have provided a […]
With the tax year ending on 5 April 2026, accountants at TWP accounting in Weybridge are warning that upcoming rule changes and frozen allowances could leave many taxpayers paying more than expected. Andrew Goddon, Tax Partner at TWP, says this year brings an unusual combination of pressure points that make early planning and understanding their […]
The Government’s late changes to Agricultural Property Relief and Business Property Relief have eased some immediate Inheritance Tax concerns for family businesses. Advisers at TWP Accounting say the reforms still leave many owners exposed and underline the need for early planning. From 6 April 2026, business assets will fall within the Inheritance Tax regime, with […]
One of Surrey’s leading accountancy firms TWP is urging taxpayers to review their finances as they face tougher choices, as the Chancellor Rachel Reeves moves to close personal tax opportunities in her latest Budget. Despite some early dramatics following the OBR report being published hours ahead of the Autumn Budget, we finally have a clear […]
TWP Accounting, a Weybridge-based firm, is sending a reminder to all directors and People with Significant Control (PSCs) to take immediate action as Companies House prepares to introduce mandatory identity verification from 18 November 2025. Mitchell Noyes, Senior Client Manager at TWP, explains that failing to verify ahead of the deadline risks delays to filings […]
Weybridge accountancy firm TWP is advising employers not to be complacent following HM Revenue and Customs’ (HMRC) decision to delay mandatory payrolling of Benefits in Kind (BIK) until April 2027. The new rules will eventually remove the need for annual P11D forms and instead require employers to process BIK directly through payroll on a monthly […]
Weybridge accountancy firm TWP is urging businesses to consider electric company vehicles before tax incentives begin to change. The move follows renewed Government backing for the 2035 ban on the sale of new petrol and diesel vehicles, which is expected to accelerate the shift towards electric transport across the UK. While electric vehicles still come […]
Surrey-based accountancy firm TWP is urging business owners to review their shareholder arrangements following growing concern over the financial risks of losing a key shareholder. Many small and medium-sized companies are seemingly unaware of what happens to shares if one of the owners dies or becomes seriously ill. Without the right protection in place, shares […]
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