Navigating the post-election economic landscape
The recent election has brought talk of changes regarding the economic outlook of the UK. We analyse the potential impacts of the election.
CharterGroup and Abacus Worldwide membership
Thompson Wright is an independent member of CharterGroup – one of the UK’s premier national alliances of quality independent accountancy practices.
Innovations in accounting: How technology is shaping the future
Discover how innovations in accounting technology can streamline operations and enhance business performance with Thompson Wright’s expert guidance.
Maximising business valuations in uncertain times
Learn how to maximise your business valuation in uncertain times with expert strategies from Thompson Wright. Discover tailored support for your financial goals.
Long-term financial planning: Why it’s crucial for business owners
Discover why long-term financial planning is crucial for business stability and growth. Learn how Thompson Wright can help you achieve your financial goals.
Three great reasons to file your tax return early
We often find that clients begin to show signs of stress when the Self-Assessment tax return deadline approaches. This is just one of the reasons we recommend you file your return early, but there are numerous other benefits. Here are three key reasons to consider...
Are you ready for changes to LLP salaried member rules?
HM Revenue & Customs (HMRC) has issued its updated guidance on salaried members in limited liability partnerships (LLPs), in relation to capital contributions. Currently, LLPs incorporate elements of both partnerships and limited companies, limiting the...
New accounting practices outlined for LLPs
The Consultative Committee of Accountancy Bodies (CCAB) has released the 2024 edition of its Statement of Recommended Practice Accounting (SORP) for Limited Liability Partnerships (LLPs). CCAB is appointed by the Financial Reporting Council (FRC) to oversee the SORP...
Using an iPhone? Keep an eye out for tax refund scammers
HM Revenue & Customs (HMRC) has warned that a new wave of fraudulent text messages is targeting taxpayers using iPhones, claiming that recipients are owed tax refunds and must supply personal information to receive them. Some recipients are also being asked to...
The increase to Companies House fees: What you need to know
As of 1st May 2024, Companies House has implemented revised fees, marking a significant change in the cost structure for various services. This adjustment stems from the Economic Crime and Corporate Transparency (ECCT) Act, introducing measures that inevitably...
New advisory fuel rates for electric company cars
HM Revenue & Customs (HMRC) has recently announced new Advisory Fuel Rates (AFRs) that will take effect from 1 June 2024. These changes include a reduction in the Advisory Electric Rate (AER) for electric vehicles – which can be highly tax efficient. Many...