Companies House have changed the way they do things which includes new requirements on identification of directors. The new changes are a result of the Economic Crime and Corporate Transparency Act 2023 becoming law and which gives Companies House greater powers to help improve corporate transparency and tackle economic crime. Information Checks: Companies House have had enhanced […]
For many ambitious businesses, the question of how best to scale your business looms large. In mature markets, organic growth can be a slow burn. That’s why, for a growing number of scale-ups, business acquisitions are becoming an attractive and sometimes necessary route to rapid expansion. Whether your goal is to enter new markets, outpace […]
Making Tax Digital (MTD) is the Government’s initiative designed to streamline and digitise tax reporting in the UK. While the MTD scheme has been in force for the past few years, changes are approaching, particularly for sole traders, self-employed individuals, and landlords. Below, we outline clearly what MTD is, who it affects, the upcoming changes, […]
Changes to Inheritance Tax (IHT) on pension pots are coming in April 2027, and while this might seem far away, now is the time to start planning. Delaying could leave your loved ones with a significant tax bill or reduce the financial legacy you intend to pass on. Here’s what you need to know and […]
Chancellor Rachel Reeves today delivered her Spring Statement, outlining the Labour Government’s economic priorities and reaffirming a commitment to fiscal discipline and long-term investment.
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 […]
Time is running out to make sure your business is prepared for the impact of the increased Employer National Insurance Contribution (NIC) rate set to take effect in April 2025. The Chancellor, Rachel Reeves, announced the change in the Autumn Budget last year as part of the Government’s strategy to generate money for the Treasury. […]
The Government made significant revisions to Business Asset Disposal Relief (BADR) in Rachel Reeve’s Budget announcement in October this year. From April 2025, the current 10 per cent rate will rise to 14 per cent, followed by another increase to 18 per cent in April 2026. This change will align BADR with the new lower […]
With the news that the Government intends to increase Capital Gains Tax Business Asset Disposal Relief from April 2025 many business owners will be considering a swift sale of their company before this date. Philip Munk, discusses why companies should include acquisition as part of their growth strategy and how to identify what the best […]
With the news that the Government intends to increase Capital Gains Tax Business Asset Disposal Relief for Entrepreneurs selling their business from April 2025 we will be having more conversations with clients who are considering a swift sale of their company. Philip Munk, discusses what the best strategy is likely to be, for any business […]
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