TWP Accounting, a Weybridge-based firm, is sending a reminder to all directors and People with Significant Control (PSCs) to take immediate action as Companies House prepares to introduce mandatory identity verification from 18 November 2025. Mitchell Noyes, Senior Client Manager at TWP, explains that failing to verify ahead of the deadline risks delays to filings […]

Weybridge accountancy firm TWP is advising employers not to be complacent following HM Revenue and Customs’ (HMRC) decision to delay mandatory payrolling of Benefits in Kind (BIK) until April 2027. The new rules will eventually remove the need for annual P11D forms and instead require employers to process BIK directly through payroll on a monthly […]

Weybridge accountancy firm TWP is urging businesses to consider electric company vehicles before tax incentives begin to change. The move follows renewed Government backing for the 2035 ban on the sale of new petrol and diesel vehicles, which is expected to accelerate the shift towards electric transport across the UK. While electric vehicles still come […]

Surrey-based accountancy firm TWP is urging business owners to review their shareholder arrangements following growing concern over the financial risks of losing a key shareholder. Many small and medium-sized companies are seemingly unaware of what happens to shares if one of the owners dies or becomes seriously ill. Without the right protection in place, shares […]

Surrey-based accountancy firm TWP Accountants is raising concerns over a widespread lack of awareness around Making Tax Digital (MTD), with key deadlines now less than a year away. From April 2026, self-employed individuals and landlords with an annual income exceeding £50,000 will be required to maintain digital records and submit quarterly updates to HMRC via […]

TWP, a leading accountancy firm in Surrey, urges individuals to review their estate plans in light of upcoming changes to Inheritance Tax (IHT) on pension pots. Under the new rules set to apply from April 2027, unused pension savings will be included in the taxable estate, meaning families who don’t plan ahead could lose a […]

One of Surrey’s leading firms of accountants, TWP, has expressed concern following the Chancellor’s Spring Statement, which offered no direct support for businesses. Despite the Government’s focus on balancing the budget and stimulating growth, businesses across the UK are left to shoulder the burden of rising taxes, higher employment costs, and expanding compliance requirements, with […]

Surrey-based accountancy firm TWP is urging businesses and individuals to get ahead of the 5 April 2025 tax deadline to make the most of available tax-saving opportunities. With allowances resetting at the end of the tax year, failing to act now could mean missing out on valuable reliefs. Andrew Goddon, Partner and Head of Taxation […]

Surrey-based accountancy firm TWP is urging business owners to urgently review their payroll budgets and financial strategies ahead of significant changes to Employers’ National Insurance (NI) contributions, set to take effect from April 2025. From April, the Employers’ NI rate will increase from 13.8 per cent to 15 per cent, while the threshold at which […]

Surrey-based accountancy firm TWP has urged business owners looking to sell their business to act quickly ahead of the changes announced by Rachel Reeves. In October it was revealed that the rates for Business Asset Disposal Relief (BADR) will gradually increase, reaching 14 per cent in April 2025 and matching the main lower Capital Gains […]