Press Releases

Businesses need to get to grips with cloud accounting, says TWP

Posted on

One of Weybridge’s leading accountancy firms, TWP, has warned that businesses could be missing out on gaining vital information about their business if they aren’t using online accounting software – and risk being non-compliant with new tax rules. According to TWP, the use of online accounting software will become essential for the majority of VAT-registered […]

Wealth Management News

UK mortgage approvals on the rise

Posted on

The latest data on UK mortgages show that British banks have approved more mortgages for house purchases than they have done in any of the previous four months. UK Finance’s latest figures show that in October the number of mortgages approved for house purchases rose to 39,697 from a five-month low of 38,712 in September. […]

Business News

Inheritance Tax Review by Office of Tax Simplification

Posted on

The Office of Tax Simplification (OTS) has published the first of two reports on inheritance tax. The first report sets out an explanation of the issues and complexities of IHT, gives an overview of concerns raised by the public and professional advisors during the review and then makes recommendations. This first report examines the administrative […]

Business News

Phishing tax refund email targets university students

Posted on

HMRC has warned that university students are being bombarded with fake tax refund emails. The scammers have targeted university students in an attempt to steal their banking and personal details using.ac.uk email addresses that look genuine, in order to avoid detection. Mel Stride, Financial Secretary to the Treasury said: ‘Although HMRC is cracking down hard […]

Business News

Advisory fuel rates for company cars

Posted on

New company car advisory fuel rates have been published which took effect from 1 December 2018. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on or […]

Business News

Tax-free gifts to employees

Posted on

Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee. A tax exemption is available which should help employers ensure that the benefits provided are exempt and do not result in a reportable employee benefit in […]

Business News

180,500 new homeowners benefit from stamp duty tax relief

Posted on

According to statistics published by HMRC more than 180,500 first-time buyers have benefitted from First Time Buyers Relief (FTBR). The relief introduced in November 2017 has saved eligible first-time buyers an estimated total amount of more than £426 million. Mel Stride MP, Financial Secretary to the Treasury, said: ‘These statistics show that the government was […]