Blogs

Grow your business with Facebook

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20 years ago, very few businesses had websites – now it is rare to see a business that doesn’t. The same is happening again with Facebook. In this article, TWP Accountants run you through how to establish your business on the world’s largest social media platform. Setting up your Facebook page The first step to […]

Blogs

VAT visit notifications – should I be worried?

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Earlier this week, we wrote an article about the impending migration of the reporting and collection systems for VAT over to Making Tax Digital. That sparked a lively debate here at TWP Accounting’s office about how HMRC used to be over the whole issue of VAT visits. Way back when, the HMRC used to visit […]

Blogs

TWP’s practical guide to getting paid faster

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How long are you waiting to be paid by your customers? The average wait time for a small UK business is 71 days, according to the Asset Based Finance Association. Sound familiar? You aren’t alone… Though we doubt that will be much consolation. There’s a late payment ‘culture’ that has been long established in UK […]

Blogs

How do HMRC choose who to investigate?

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Quite a few people in Britain now consider HMRC as the real life Big Brother when it comes to tax. Why is that? It’s because of their latest methods of picking out citizens for investigation. They have revolutionised the way they crack down on suspected tax evaders. Having clawed back over £35billion of unpaid tax […]

Blogs

Setting objectives for your business

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Setting objectives for your business in the next 12 months which are realistic and can be achieved is one of the most valuable exercises you can carry out for your company. If you don’t have one, whether the business is going well or not is really down to your subjective feelings towards it. You may […]

Blogs

Beneficial loans to employees

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If an employee was going through financial hardship and needed help, what would you do? Many companies choose to offer their workers beneficial loans, giving them a less risky and more compassionate alternative to payday loans. These can be paid by your company to someone it either employs or will employ in the near future. […]

Blogs

Business protection insurance

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We insure our homes, our phones, our cars, and even our pets. As responsible adults, we make sure, should the worst happen, that our families aren’t left with hefty hospital bills or funeral costs, and that our affairs are all in order. Yet a surprisingly high 50% of business owners have made no arrangements regarding […]

Blogs

Why do you need an accountant for payroll even though you’ve got Xero?

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Payroll is complicated. It was complicated ten years ago. But, since then, we’ve had real-time information and auto-enrolment added to the mix. Not forgetting attachment of earnings orders, student loan repayments, and more. Payroll is not for the faint-hearted. That Xero online bookkeeping package you’ve got is brilliant. It’s the right choice for your business […]

Blogs

Company cars – the new fuel rates – and other motoring tax tips

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New advisory fuel rates were published by HMRC in September. Here’s our October run-down of quick and easy ways to claim money back on fuel and other transport-related activities. Advisory fuel rates Fuel advisory rates are there to help you calculate the VAT you can reclaim on the fuel element of your mileage allowance payments. […]