Blogs

Be aware of HMRC rules on Inheritance Tax gifting says TWP

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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 […]

Blogs

A quick guide to EIS and SEIS

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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 […]

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 […]