Getting ready for the rumour mill. With the new Chancellor, John Healey, due to deliver the Autumn Budget on 28 October, speculation is already building around Capital Gains Tax (CGT), particularly for business owners considering an eventual sale or exit. At this stage, nothing has been confirmed, but commentary has raised the possibility of CGT […]

Since 6 April 2026, the rules for passing a business to the next generation without a significant inheritance tax bill have changed. If you own a trading business, hold shares in a family company or are planning to pass control to the next generation, it is worth taking a fresh look at where you stand. […]

From April 2027, changes to Inheritance Tax (IHT) treatment on pensions are expected to alter how many families approach estate planning. For years, pensions have commonly sat outside a person’s estate for IHT purposes. This allowed pension savings to be passed on relatively efficiently after death, particularly where other assets could be used during retirement […]

Although the Employment Rights Act received Royal Assent in December 2025, most of its reforms were only phased in as of 6 April 2026, with more to follow in 2027. The Act introduces various altered rights and protections from day one of employment, many of which impose an additional financial and administrative burden on employers. […]

The countdown is on to the new tax year, but will you be paying more tax than necessary? This year brings a number of important tax changes, including frozen thresholds, higher dividend tax…

Over the past year, Inheritance Tax (IHT) has become a growing concern for business owners, farmers and their families. Proposed reforms to Agricultural Property Relief (APR) and Business Property Relief (BPR) raised the prospect of significant tax bills on death, even where wealth is tied up in trading assets rather than cash. A pre-Christmas announcement […]

Time is running out for company directors, members of LLPs and Persons with Significant Control (PSCs) to verify their identity. From 18 November 2025, identity verification will be mandatory for each of these individuals. Why are you being asked to verify your identity? The change forms part of the Government’s Economic Crime and Corporate Transparency […]

From 2027, Benefits in Kind (BIK) must be processed through payroll, just like salaries. TWP Accounting can help you get ready. Download our Guide In celebration of National Payroll Week this month, we thought this was the ideal time to review your processes and plan for one of the biggest changes on the horizon. What […]