Blogs

Diary of main tax events November/December 2020

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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, […]

Blogs

Cycle to Work scheme

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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 […]

Blogs

Asset finance and your business

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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 […]

Blogs

Insurance for private contractors

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Why should you get professional indemnity cover for contractors? There are lots of different reasons that we’ll explore in this article. Contractors today now form a vital part of their client’s business structure. More often than not, rather than relying on in-house talent, companies and organisations actively seek out the skills and professionalism of proven […]

Blogs

How to value your business

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Business valuation – the main area in which there is predictable disagreement between buyers and sellers. You think your business is worth £1,000,000. Your buyer thinks it’s worth £500,000. Just remember that, during your time running your business, you’ve done deals with customers on a daily basis when you’ve wanted this amount for something and […]

Blogs

EBIT and EBITDA

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When a business owner is looking either for investment in their company or to put it up for sale on the open market, they may hear two different accounting terms for the very first time – EBIT and EBITDA. In this article, TWP Accounting explains what these terms mean and why they are important. But […]

Blogs

Private residence relief and coming changes

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Most of us know that, when we sell the home we live in, we don’t have to pay capital gains tax on any increase in price we’ve enjoyed during the time of our ownership. This exemption is called the “private residence relief”. For civil partners and married couples, only one residence will be considered by […]