Press Releases

Weybridge firm advises on sale of lettings agency

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Weybridge-based chartered accountants TWP Accounting LLP have advised on the sale of premier lettings agency APW, who are also based in the town. Managing Partner, Philip Munk, advised on the deal structure and tax position, and worked closely with the owners of the company. Phil advised on the preparation of the initial sales documents and […]

Client Newsletter

Helping your business make a £2,000 national insurance saving

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TWP would like to remind you not to miss out on claiming a £2,000 cut in your employment costs from 6 April 2014. We are encouraging employers, including businesses and charities, to take advantage of the new employment allowance available from April which involves an annual reduction in Class 1 secondary national insurance contributions (NICs). […]

Press Room

9m have no nest egg, survey finds

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The number of people in the UK with no savings has risen year-on-year from eight million to more than nine million, according to new research. The 2014 Scottish Widows Savings Report, published on 6 March, found that among those who are managing to put money aside, the average amount they had in savings rose from […]

Press Room

Tax-free savings get NISA

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ISAs are being given a new name and a more generous savings limit from 1 July this year, in a key Budget 2014 announcement. From that date, all ISAs – both existing and new accounts – will be known as New ISAs, or NISAs, a name that the government says will reflect their increased limits […]

Press Room

Pension shake-up begins

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The government has taken the first steps in major reforms of British pensions unveiled in the 2014 Budget. From 27 March, more than 400,000 people who have saved into a defined contribution pension will be able to access their retirement savings more flexibly. The changes will: increase the size of a small pot that can […]

Business News

PAYE Penalties

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HMRC are to introduce further interest and penalties for the late submission of PAYE RTI returns and for late payment of PAYE liabilities. The penalties will be introduced as follows: April 2014 – in-year interest on any in-year payments not made by the due date October 2014 – automatic in-year late filing penalties April 2015 […]

Business News

Advisory fuel rates for company cars

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New company car advisory fuel rates have been published to take effect from 1 March 2014. HMRC’s website states: ‘These rates apply to all journeys on or after 1 March 2014 until further notice. For one month from the date of change, employers may use either the previous or new current rates, as they choose. […]

Business News

Shared Parental Leave and Pay

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The Government has issued the draft regulations for Shared Parental Leave and Pay which are expected to become law from 1 October 2014 and will apply to babies due from April 2015. The draft regulations set out the new statutory shared parental pay entitlements for parents. The press release states that: ‘The Act will also […]

Press Room

Tax diary of main events

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Date What’s Due 1 April Corporation tax for year to 30/6/13 6 April 2014/15 Tax year begins 19 April Final RTI FPS due by this date. Indicate that this is Final Submission for the Tax Year and answer Annual Declaration questions – note no P35 this year. 19 April PAYE & NIC deductions, and CIS […]