Weybridge-based chartered accountancy firm TWP is advising businesses that Chancellor George Osborne’s 2012 Budget contains measures which may benefit them. Giving his statement in Parliament on 21 March 2012, Mr Osborne said that this year’s Budget would “unashamedly back business”. While there were relatively few surprises, the Chancellor did announce a bigger than expected cut […]
TWP is advising businesses that Chancellor George Osborne’s 2012 Budget contains measures which may benefit them. Giving his statement in Parliament on 21 March 2012, Mr Osborne said that this year’s Budget would “unashamedly back business”. While there were relatively few surprises, the Chancellor did announce a bigger than expected cut in Corporation Tax to […]
Chancellor of the Exchequer George Osborne pulled no punches when introducing his 2012 Budget, telling MPs: “This Budget rewards work. Britain is going to earn its way in the world – there is no other way to recovery.” This year, the Chancellor faced the challenge of trying to get Britain spending while also continuing to […]
If your business is considering making investments in new plant and machinery, you should do so now while generous tax allowances are still available. The Annual Investment Allowance (AIA) – a capital allowance which enables business owners to write off 100 percent of their qualifying capital expenditure against taxable profits – is set to be […]
The pilot programme of BRCs began in April 2011 and involved checks by HMRC on the standard of small and medium-sized enterprises’ (SME’s) statutory business records. Up to 4 January 2012, 2,437 BRC’s had been carried out. These found that 28% of SMEs had some issue with their record-keeping, and an additional 11% had issues […]
HMRC have just launched their Electricians’ Tax Safe Plan, to encourage electricians to declare any income they have kept quiet about so far. If you know of any electricians in that category, please point them towards us and we will get the best tax deal for them under this plan. The special deal involves lower […]
Do you know if you are one of the 700,000+ people paying a marginal income tax rate of 60%? This is an increasingly unfair trap which exists if your income is just over £100,000. That means you are a 40% taxpayer, but some of your income will (amazingly) be taxed at 60%. You may not […]
As we mentioned in the February edition of Tax E-News, the £100,000 annual investment allowance reduces dramatically to £25,000 from 1 April 2012. If that is a problem, and your company needs to spend, say, £40,000 in the year on equipment, one solution is to pay the extra £15,000 yourself in your capacity as an […]
HMRC have confirmed in the latest Employer Bulletin that they intend to impose penalties on all employers who fail to send their payroll starter and leaver forms online from April 2012. During the 2011/12 tax year HMRC issued penalty notices to employers with 50 or more employees when they submitted more than two paper forms […]
The CBI is calling for a Budget to help businesses. To read more information on the CBI’s recommendations visit the link below. ‘The CBI called on the Chancellor to use his March Budget to score the growth and investment policy goals he put forward in his Autumn Statement and give the UK economy and jobs […]
The quality of our advice has seen us accredited with coveted Platinum Partner status by Xero – a leading provider of accounting software.
The quality of our advice has seen us accredited with Gold Partner status by FreeAgent – a leading provider of accounting software.
Request a call back