The more you know about your business, the easier it is to make the right decisions. These 4 stats will help you gain an insight into the health of your business’ finances. Your Debtor Days Clients paying invoices late is a problem that plagues many businesses. In fact, the Federation of Small Businesses estimates that […]
Ever since the Office of Tax Simplification posted a draft paper on all aspects of VAT in late 2017, including the threshold over which businesses must register for and administer their own VAT, there has been much nervousness among accountants and the owners of Britain’s smallest businesses about what the next step in this journey […]
The Government has confirmed that the European Commission’s final response is still awaited, and therefore there will be a period where approval for new EMI schemes lapse from 7 April 2018. Whilst the Government has stated that it is working hard to ensure that the lapse period is as short as possible, any new EMI […]
Internships are a way for some students to get their foot in the door of a profession which they want to pursue. Because of recent legislative changes, the issue of paying interns has become more complicated. What is an intern? An intern is a student or trainee who works for a business or organisation to […]
One of Weybridge’s leading firms of accountants TWP Accounting is reminding businesses that they have less than a year left before the launch of the Government’s new digital tax regime. Due to begin on 6 April 2019, Making Tax Digital (MTD) will initially see all businesses over the VAT threshold (£85,000) report their VAT records […]
The contrast is stark. There was the deepest financial crisis in 130 years in Britain 10 years ago. Now, the outlook is benign despite the unknown outcome of the Brexit process Unemployment is low, the numbers of job vacancies are high, and the type of work people are doing is changing. In this article, TWP […]
If you need somebody with a nose for business and deal-making to help your company survive and prosper, instead of looking out for an investor, you could instead look inside your business for that “special one”. In this article, we look at the phenomenon of the “intrapreneur”, what they are, and what they can do […]
A new report from the Halifax shows that the amount of homeowners’ disposable income paid into a mortgage has shrunk to levels not seen since the mid-1990s. The bank said that said typical mortgage payments accounted for less than a third (29 per cent) of homeowners’ disposable income in the last three months of 2017. […]
It has been estimated that as many as 100,000 pensioners and family members could be missing out on National Insurance Credits to top up their pension funds. Information obtained from a freedom of information request submitted to HM Revenue & Customs (HMRC) shows that in the 12 months to September 2017, only 9,486 people applied […]
Only one in three women describe themselves as very or extremely confident when it comes to their finances, according to a new survey by ISA provider Scottish Friendly. Their latest Disposable Income Index (DII) has revealed that while nearly half of men were confident handling their financial affairs the number of women who felt the […]
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