Phillip Hammond, the Chancellor of the Exchequer, delivered his Autumn Budget in the House of Commons last week. Here are TWP’s top highlights of everything you need to know about the changes. Personal taxation and wage changes New rates for the National Minimum Wage and the National Living Wage replace the old ones in April […]
If your business turns over £85,000 or more, you have to register for VAT and charge VAT on all the goods and services you provide. When registered, you are responsible for charging the right amount of VAT, submitting your VAT returns, paying any money that is due to HMRC on time and in full, and […]
Our top five reasons to stay on top of your cashflow are there to give you more control over your and your company’s financial future. Cashflow management is vital for survival and growth. Underpinning it all is access to accurate financial information that’s kept up to date. We recommend Xero for bookkeeping and urge you […]
One of Weybridge’s leading accountancy firms, TWP, is promoting a new mobile app to help businesses access the information they need whilst on the move. Following feedback from clients and ongoing advancements in technology, the firm developed an app for all Apple and Android devices, which is completely free of charge. The app has been […]
Setting objectives for your business in the next 12 months which are realistic and can be achieved is one of the most valuable exercises you can carry out for your company. If you don’t have one, whether the business is going well or not is really down to your subjective feelings towards it. You may […]
The Financial Conduct Authority has warned that more than 15 million people in the UK still have no pension savings, despite the introduction of workplace pensions. Its latest Financial Lives survey questioned 13,000 consumers revealing that 31 per cent of people had no private pension provision, leaving them to rely entirely on the state pension […]
A number of leading associations are warning that members of final salary pension schemes could face problems in the future. Amongst those issuing warnings is the powerful pensions body, the Pension and Lifetime Savings Association (PLSA), which has said that around three million workers with final salary pension schemes have just a 50:50 chance of […]
Britain’s younger generations are likely to get left behind due to debt and high house prices creating an inequality of wealth, according to a new report. The Institute for Public Policy Research (IPPR) has found that the poorest half of the country has an average household wealth of just £3,200 in net finances, property and […]
HMRC have issued the October 2017 Employer Bulletin which contains a number of articles relevant to employers on payroll related issues. HMRC are advising that following the changes to the valuation of benefits in kind (BiK) where there is a cash option available, they will consult and then issue the necessary amendments to the PAYE […]
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