Surrey-based accountants, TWP Accounting, say that recent data demonstrates the need for business owners to embrace and develop their exit strategy. As economic growth continues to recover, more business owners are looking to sell to larger firms to achieve accelerated growth, or else take the opportunity to retire. Others face difficulty, with only 14 per […]
Surrey accountancy firm TWP is calling on people to be aware of the strict rules on making gifts as part of their Inheritance Tax planning. The firm is reminding families who may be considering gifting property or money to be aware of the rules, to avoid sanctions from HM Revenue & Customs (HMRC). Lump sums […]
Surrey-based accountants TWP says the Chancellor’s drive for growth in the Spring Budget has created interesting tax planning opportunities for businesses and their owners. Jeremy Hunt stepped up to the Despatch Box to provide measures that he said would deliver growth to the UK through targeted investment and support for businesses and their workers. Prior […]
Surrey-based accountancy firm TWP says the decision to freeze and reduce personal tax reliefs, thresholds and allowances in the Autumn Statement will have a significant impact on many taxpayers. Faced with the challenge of inflation, rising energy costs and higher interest rates, as well as an economy weakened in recent months by world events and […]
Both the SEIS and EIS schemes are designed to help small businesses raise finance, by offering a range of attractive tax reliefs as an incentive for investors to purchase new company shares. Any entrepreneur seeking investment through an EIS or SEIS hands over equity in exchange for capital funding. It is not a scheme that […]
Date What’s Due 1/11/20 Corporation tax for year to 31/01/2020 unless quarterly instalments apply 19/11/20 PAYE & NIC deductions, and CIS return and tax, for month to 5/11/20 (due 22/11 if you pay electronically) 1/12/20 Corporation tax for year to 28/02/2020 unless quarterly instalments apply 19/12/20 PAYE & NIC deductions, and CIS return and tax, […]
The oldest surviving manuscript in existence is the Sumerian text from Abu Salabikh from 2600 BCE and if HMRC had its way, they’d want to go back that far to check to see that he paid the correct amount of income tax and National Insurance. We exaggerate ever so slightly but the length of time […]
If you pay your employees through the PAYE (Pay As You Earn) system, you are eligible to participate in the Cycle to Work scheme offered by CycleScheme. CycleScheme offers employers the opportunity to encourage exercise, reduce CO2, and save money on Employers’ National Insurance Contributions. If any of these benefits have piqued your interest, read […]
The last few years have seen the introduction of some profound changes on employment and the idea of what employment should be. There’s unlimited paid holidays and the march of telecommuting, first seen in the 1980s and 1990s, has gathered real pace with mobile communications. Is the next revolution the 4 day working week? Shadow […]
If you own a small business and you want to expand your production capacity but the cost of buying the equipment outright you want would be significant enough to create cash flow issues, asset financing may be the right choice for you. In this article, we explain what asset financing is and how you can […]
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