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 […]

Surrey-based accountancy firm, TWP, has warned that sweeping fiscal changes announced by Chancellor Rachel Reeves will hit SMEs and business owners hard as the Government seeks to plug a ‘£22 billion black hole’ in the public purse. In one of the most hotly anticipated Autumn Budgets in recent years, the Chancellor announced the Government’s plan […]

Surrey-based accountancy firm, TWP, has issued a warning to those seeking to minimise Inheritance Tax (IHT) liabilities by gifting or passing on wealth. As the 2024 Autumn Budget approaches, tax on wealth looks set to be a priority, with IHT high on the list of potential tax rises – which could pull more estates into […]

Surrey-based accountancy firm, TWP, has cautioned workers over the potential tax implications of the rise in flexible working – as almost two-thirds of people now occupy a flexible or partially flexible role. The challenge, said the firm, lies partially in the fact that ‘flexible’ encompasses a wide range of working arrangements which may have vastly […]

Weybridge-based accountancy firm, TWP Accounting, has urged employers to keep an eye out for upcoming changes to benefit reporting for tax purposes, set to come into effect in April 2026. Employers offering taxable benefits – benefits-in-kind (BIKs) – to employees will need to report these to HM Revenue & Customs (HMRC) for tax purposes via […]

Leading Surrey accountancy firm, TWP, has urged business owners and employers to stay informed on new rules around the reporting of employee benefits, to avoid penalties for being caught short-changed. Employers that choose to offer certain benefits to staff may be muddying the National Insurance waters, says the firm, if perks are classed as benefits […]