Author Archives: Amy Ward

Comments Off on Trustees’ Week: 13-17 November 2017 – How You Can Offer Your Skills

Trustees’ Week: 13-17 November 2017 – How You Can Offer Your Skills

Trustees’ Week: 13-17 November 2017 – How You Can Offer Your Skills

We all have issues that we feel strongly about – it might be homelessness, or cancer, or heart disease – maybe it’s animal cruelty or a local hospice. Often we feel we want to offer a contribution and make a difference but we don’t know how. Charities are frequently on the lookout for help – … Continued

Comments Off on BWM Shortlisted for the FSB Merseyside, West Cheshire & Wigan Business Awards

BWM Shortlisted for the FSB Merseyside, West Cheshire & Wigan Business Awards

BWM Shortlisted for the FSB Merseyside, West Cheshire & Wigan Business Awards

The team at BWM are delighted to have been shortlisted for Professional Services Business of the Year in the FSB (The Federation of Small Businesses) Merseyside, West Cheshire & Wigan Business Awards 2017. The award recognises professional services business which: Have increased or maintained sales during the past 12 months Deliver a high quality service … Continued

Comments Off on Buy-to-let Regulations Fuel Rent Rises

Buy-to-let Regulations Fuel Rent Rises

Buy-to-let Regulations Fuel Rent Rises

Landlords are increasing rent prices due to the recent introduction of buy-to-let tax regulations, according to a study. Estate agent Your Move analysed rental prices on around 20,000 properties and found the average rent in England and Wales rose by 3.1% in the past year to £874. The rise in rental prices can be attributed … Continued

Comments Off on Finance Bill 2017-19 Round-Up

Finance Bill 2017-19 Round-Up

Finance Bill 2017-19 Round-Up

The government has published Finance Bill 2017-19, containing a number of changes that will affect both savers and investors. Many of the measures in the Bill were expected in April 2017 but were withdrawn due to the snap general election, which took place on 8 June 2017. Most of them have now been reinstated with … Continued

Comments Off on Sole Traders Exposed to Cash Crises

Sole Traders Exposed to Cash Crises

Sole Traders Exposed to Cash Crises

Nearly half (41%) of self-employed people struggle to save any money each month, leaving them exposed to financial problems. Insurer LV= surveyed 9,495 self-employed workers and found one in three could not survive for more than three months if they lost their income. Nearly two thirds (62%) of respondents said monthly bills eat up the … Continued

Comments Off on Paper Tax Return Deadline Reminder

Paper Tax Return Deadline Reminder

Paper Tax Return Deadline Reminder

The deadline to submit your self-assessment paper tax return for the 2016/17 tax year is 31 October 2017. All income received during the tax year running from 6 April to 5 April must be accounted for in your tax return. To report your income, claim tax reliefs or any outstanding repayments, you need to complete … Continued

Comments Off on Change to Persons of Significant Control (PSC) Notifications

Change to Persons of Significant Control (PSC) Notifications

Change to Persons of Significant Control (PSC) Notifications

From April 2016, the vast majority of UK limited companies have been required to create and maintain a register of people with significant control. Commonly known as the PSC register, this includes details of who ultimately controls or exercises significant influence upon the company. From 30 June 2016, every company has also needed to submit … Continued

Comments Off on MTD: Taxpayers will have to make multiple annual submissions to HMRC

MTD: Taxpayers will have to make multiple annual submissions to HMRC

MTD: Taxpayers will have to make multiple annual submissions to HMRC

In March 2015, George Osborne outlined the new concept of “making tax easier”. All the tax information relevant to an individual would be gathered into the taxpayer’s digital tax account, and the annual paper tax return would be consigned to history. This was designed to result in a reduction in the administrative burden for taxpayers. … Continued

Comments Off on Do recent inheritance tax changes necessitate a change of your will?

Do recent inheritance tax changes necessitate a change of your will?

Do recent inheritance tax changes necessitate a change of your will?

It is advisable to review your will on a regular basis, particularly on marriage, divorce, the birth of a child or grandchild, the death of a beneficiary or executor. But some changes in tax law can also affect the provisions of your will. The introduction of the transferable nil rate band (NRB) between spouses in … Continued

Comments Off on Employers should be aware of the pitfalls of NLW and NMW

Employers should be aware of the pitfalls of NLW and NMW

Employers should be aware of the pitfalls of NLW and NMW

The National Living Wage (NLW) for those aged 25 and over was increased on 6 April 2017 from £7.20 per hour to £7.50 per hour. It should be noted that the increases in the NLW rates are in April whilst those for NMW are in October and employers have to address these increases on a six monthly … Continued