Tax doesn’t have to be taxing. But it is. Filing in your tax return is not easy and we’ve compiled a list of the most common mistakes that we’ve spotted on clients’ previous tax returns before they brought their business over to us here at TWP Accounting. We’re now less than six weeks away from […]
TWP – one of Weybridge’s leading accountancy firms – is encouraging businesses and individuals across Surrey to submit their self-assessment tax returns ahead of the deadline in January 2018. Self-employed businesses and individuals now only have a matter of weeks left until the online self-assessment deadline passes at midnight on 31 January 2018. TWP is […]
There’s a way you can bring down your taxable profits (or increase your losses for tax purposes) by up to £200,000 a year. It’s called the Annual Investment Allowance (AIA). The AIA can be used when your business buys in new assets, plant, machinery, IT equipment, and more to improve your company processes, increase your […]
Remember the financial crash of 2008 when banks were tumbling left, right, and centre in the UK and around the world? At the height of the crisis, then Prime Minister Gordon Brown promised British citizens and businesses that their bank deposits would be protected by the Government. Next year is a decade on from that […]
Over one million Britons are landlords now. Many of these landlords never intended to become one and many still do not really consider themselves as landlords. Because of this, when considering their own tax affairs, many people are confused about the taxes and responsibilities associated with being a landlord. HRMC are currently running a “Let […]
If your business has lost most from trading, from the sale or disposal of an asset, or on property income, you can claim tax relief on your corporation tax trading losses. You can make these claims in a variety of different ways but they are complicated and, as you’d rightly expect, we would strongly urge […]
Quite a few people in Britain now consider HMRC as the real life Big Brother when it comes to tax. Why is that? It’s because of their latest methods of picking out citizens for investigation. They have revolutionised the way they crack down on suspected tax evaders. Having clawed back over £35billion of unpaid tax […]
First-time buyers across the UK are celebrating after the Government brought an immediate end to Stamp Duty Land Tax (SDLT) on first home purchases on properties worth up to £300,000 – as well as savings on homes worth up to £500,000. With property markets across the UK stalling and with fewer first-time buyers purchasing homes, […]
In November, the Bank of England took the decision to raise its base rate for the first time in a decade, from 0.25 per cent to 0.5 per cent. While the increase may only be small, savers across the country may now be hopeful that rates on savings accounts will rise, following years of historically […]
A committee of MPs has been told by a leading economist that women aged between 60 and 65 have on average less than half the pension pots of men of the same age. Michael Johnson, research fellow at the Centre for Policy Studies, told the Treasury Select Committee that only 3.5 million women had defined contribution […]
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