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 […]

Surrey-based accountancy firm TWP has urged employers to prioritise compliance and seek support if they need it in the face of new payroll regulations coming into force from the start of the 2024/25 financial year. “Compliance is key” was the message delivered by the firm, which provides a full range of personal and commercial accounting […]

Surrey-based accountancy firm TWP has issued a word of warning to SMEs and independent businesses as the payroll tide turns once more – with a wave of new regulations set to come into force between April and July 2024. Most critical, said the firm, is the rising rates of National Minimum Wage and National Living […]

Following Chancellor Jeremy Hunt’s Spring Budget, Surrey-based accountancy firm, TWP cautions that Mr Hunt has targeted individuals with tax cuts at the expense of small businesses. Outlining his ‘Budget for long-term growth’, the Chancellor placed a heavy emphasis on relieving the financial burden on families and working individuals following a period of high living costs […]

“Don’t miss out” is the message coming out of Surrey-based accountancy firm, TWP, as 5 April quickly approaches – marking the end of the 2023/24 tax year. With the majority of tax reliefs for individuals operating on this same basis, the firm’s tax team has called for a shift in the long-established patterns of underusing […]

The Surrey-based accountancy firm TWP warns that measures announced by Chancellor Jeremy Hunt in the Autumn Statement could hit small business cash flows before they feel the benefit of new measures. In the wake of falling inflation – reaching 4.6 per cent in November 2023 from 10.1 per cent in January – and anxiety around […]

Surrey-based accountancy firm TWP, is emphasising the critical role that trusts play in effective financial planning and asset protection. The firm aims to educate individuals and businesses on the benefits of establishing trusts as part of a comprehensive financial strategy. Trusts are legal arrangements that allow assets to be managed and protected for the benefit […]