TWP is reminding people that if they still haven’t submitted their self-assessment tax returns, additional fines will soon be charged. From 1 May, people that have yet to send HM Revenue & Customs (HMRC) their returns will incur a five per cent or £300 penalty if their 2013-14 paper self-assessment form is outstanding. Daily penalties […]
Weybridge-based accountancy firm TWP are encouraging businesses to take advantage of a new innovative online seminar service aimed at helping companies make sense of crowdfunding. The Virtual Business Summit is a series of online webinars from leading finance experts that are being sponsored by The Corporate Finance Network, of which TWP is a member. As […]
As many as one million UK taxpayers could soon find themselves paying more income tax following changes to the personal allowance. Those earning more than £100,000 a year could soon find out that they have lost their personal tax-free allowance and face paying a marginal tax rate of 60 per cent, as the thresholds for […]
New pension freedoms for over 55s that were introduced at the start of the month represent the biggest shake-up to pensions in a generation. Although the reforms will change the way we save and spend before and during retirement, Weybridge-based accountancy firm TWP is warning people not to be too hasty. For the first time, […]
Pensions experts have raised concerns over the future level of the pensions lifetime allowance (LTA), after it was reduced to £1 million from April 2016. The allowance – the amount someone can save into a pension pot and benefit from tax relief – will be reduced from £1.25 million next year, Chancellor George Osborne announced […]
Financial sector bodies have welcome 2015 Budget measures that Chancellor George Osborne said were designed to help create a “savings culture”. They included reforms to ISAs to make them “fully flexible”. At present, any money taken out of an ISA cannot be paid back into it during the same tax year, reducing the tax savings […]
Most British adults are falling through an “advice gap” by not making use of financial advisers, according to new research. A survey of 2,002 people by life insurers MetLife and unbiased.co.uk, which helps people to find independent professional advisers, found that 58 per cent had never taken professional advice and even when people did use […]
The government has launched a wide-ranging review of national business rates in England. HM Treasury’s ‘wide-ranging review’ of England’s non-domestic rates system will report its findings before the 2016 Budget. The Treasury’s discussion paper invites responses from a wide range of stakeholders on issues such as commercial property use, how the rates system can be […]
The Pensions Regulator (TPR) has launched a new step-by-step guide to help small businesses get ready for their automatic enrolment duties. According to TPR the online guide has been written specifically for employers with between one and 50 staff. The guide which is broken down into 11 steps, considers the legal requirements and what employers […]
The National Minimum Wage (NMW) is a minimum amount per hour that most workers in the UK are entitled to be paid. NMW rates increases come into effect on 1 October 2015: From 1 October 2015: the adult rate will increase by 20 pence to £6.70 per hour the rate for 18 to 20 year […]
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