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 […]

The annual benchmarking data for The Corporate Finance Network, of which we are a member firm, has been published. TWP Accounting is the local representative firm of The CFN which is the largest alliance of its kind in the UK. Key findings are: For the second year running, like-for-like corporate finance fees have increased by […]

Surrey-based accountancy firm TWP has urged business owners to consider the tax implications they may face when looking to sell their company. Recent research has indicated that 65 per cent of business owners who run companies with a turnover of more than £5 million are pursuing an exit strategy, while nearly a quarter of these […]