Only last month, Sky News ran a headline saying “FTSE 100 closes at record high” and The Standard wrote “London’s FTSE 100 beats record to hit all-time high in ‘surprising’ rally.” It appears, every couple of months, we see stories in the media about the FTSE 100 closing at a new record high. This prompts […]
Recently, the BBC ran an article in which they highlighted the fact that many young people do not realise they have Child Trust Funds until they turn 18. “New figures suggest £1.4bn belonging to 728,000 people is ready to be claimed now they have turned 18 – but many do not know the accounts exist, […]
Starting your journey as an investor at a young age can set you on the path to financial security and success but it is often difficult to know where to start. This is also true for parents who are looking to set their child up for a comfortable, secure financial future. For young people, arguably […]
From 1 April 2025, the National Minimum Wage will rise to £12.21 per hour (an increase of 6.7 per cent), meaning rising employment costs for businesses. For graduates, higher earnings can trigger student loan repayments, a factor you should consider when managing your payroll. Graduates start repaying their student loans when their income exceeds specific […]
HM Revenue & Customs (HMRC) has recently issued One to Many (OTM) letters to private equity businesses and estate agents. These letters can be sent to any business and usually highlight HMRC’s focus on compliance, urging you to review your practices. What are One to Many letters? OTM letters are not threatening and do not […]
In January, the Government unveiled its Artificial Intelligence (AI) Opportunities Plan, outlining how the UK hopes to shape the AI trajectory by driving economic growth, enhancing public services, and creating new job opportunities while ensuring AI benefits society. While there is still a lot we do not know about the full capabilities of AI, we […]
No matter how well-prepared you may think you are, things will not always go to plan. It could be a sudden shift in the market, supply chain disruptions, unexpected repairs to your office or equipment, or even a personal emergency. That is why having a budget that accounts for the unknown is essential. How to […]
Despite repeated calls for reform, the Government has shown little support for tackling chronic late payments, leaving businesses to fend for themselves. One effective solution is to tighten your credit control policies to manage the issue. Strengthening credit control A solid credit control system helps you keep payments on track. Here are some ideas on […]
If breeding and selling animals has turned into a source of income for you, you need to make sure your earnings are declared correctly to HM Revenue & Customs (HMRC). You can earn up to £1,000 annually from casual trading or self-employment without needing to report it. However, once your income exceeds this threshold, you […]
With the end of the tax year fast approaching on 5 April 2025, now is the time to take action (if you haven’t already) and get your finances in order. At TWP, we know how effective planning can be in helping businesses and individuals reduce their tax bills and maximise available allowances. Here’s how you […]
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