Nobody is perfect but do your employees’ weaknesses actually stand in the way of your business being as productive and profitable as it could be? By properly addressing your employees’ weaknesses, you make your business more adaptable and dynamic while increasing your overall productivity. In this article, the TWP team explain what issues might be […]
One of Weybridge’s leading firms of accountants, TWP, has said that an increase in statutory wage costs and rising workplace pension contributions could prove catastrophic for struggling small businesses. The firm is encouraging employers to prepare themselves for the changes ahead, which will see the National Living Wage (NLW), in particular, rise by 4.9 per […]
Businesses across the UK will be able to start the new year with a spring in their step thanks to an increase in the annual investment allowance (AIA). From January 2019, the AIA is to rise from £200,000 to £1 million for two years to help small businesses to invest in improvements that can assist […]
When you start a business, you have several things to consider. What are you going to be selling? Who is your target audience? What kind of profit margin do you need to make so that the business is viable and so that it can provide you with a living? But more importantly, where do you […]
A business’ relationship with their customer should always be a win-win. You provide your customers with a service that they want or need and, in return, they pay you and they keep coming back to you. However, making sure that your customers are happy with what you are providing them with is crucial. What are […]
The last Autumn Budget before Brexit has been and gone so let’s take a look at what was announced and what that means for you and your business. This was never going to be a ground-breaking budget but that doesn’t mean that it won’t still have repercussions on our personal and corporate finances in the […]
New research has revealed that the affluent area surrounding Guildford in Surrey has the highest proportion of people paying Inheritance Tax (IHT). The study showed that 658 estates were subject to the tax the town in 2015/16, paying on average £231,000 each. In comparison, Wigan in Greater Manchester saw just 31 estates liable for IHT […]
The latest data from the Bank of England (BoE) has revealed a sudden surge in the value of mortgage approvals in September as banks approve £3.9 billion worth of borrowing. It comes following a drop in the value of mortgage approvals in July (£3.3 billion) and August (£3.1 billion). This sudden peak means that the […]
The Government has announced that it intends to ban the practice of pension cold-calling in the coming months. HM Treasury is currently in the process of publishing draft regulations on the ban, which will be enacted in the coming months. The ban on cold-calling will also include unsolicited emails and texts relating to pensions and […]
Hailed as the centrepiece of this year’s Budget, the Chancellor’s increase to the higher-rate tax threshold looked to offer a boost of up to £3 billion to high earner’s, however, further investigation reveals half of the gains could be lost due to higher National Insurance Contributions. In his speech, the Chancellor brought forward a promise […]
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