Author Archives: bwmwp

Comments Off on HMRC Defers Launch of Digital Accounts for Individuals

HMRC Defers Launch of Digital Accounts for Individuals

HMRC Defers Launch of Digital Accounts for Individuals

HMRC has delayed rolling out digital services for individuals, such as the simple assessment and dynamic coding changes. The move was announced in an email sent to stakeholders, which confirmed the delay was down to a shift in key priorities driven by the need to free up civil servants for Brexit. Jon Thompson, chief executive … Continued

Comments Off on Deadline For Reporting Benefits in Kind Nears

Deadline For Reporting Benefits in Kind Nears

Deadline For Reporting Benefits in Kind Nears

Most employers are currently getting their houses in order when it comes to reporting employee benefits and expenses ahead of the 6 July 2018 deadline. At the end of the tax year, employers may need to inform HMRC if any taxable benefits were handed out to members of staff over the previous 12 months. These … Continued

Comments Off on Tenant Fees Ban Set to Cost Landlords £82.9m

Tenant Fees Ban Set to Cost Landlords £82.9m

Tenant Fees Ban Set to Cost Landlords £82.9m

A new ban on tenant fees could push costs of more than £80 million onto landlords, government figures have shown. The tenant fees bill, which was published on 2 May 2018, includes a ban on all fees charged to tenants apart from rent, deposits, and certain necessary costs. A government impact assessment confirms that “the … Continued

Comments Off on Businesses Call For More Government Support

Businesses Call For More Government Support

Businesses Call For More Government Support

Four out of five entrepreneurs in the UK believe the government could do more to support their small business, research claims. Aldermore surveyed 1,799 people, including 642 small business owners, and found 79% of respondents believed existing initiatives did not provide enough support to SMEs. Apprenticeship levy funds go towards the training of apprentices, but … Continued

Comments Off on Off Payroll Rules (IR35) To Be Extended To Private Sector Workers?

Off Payroll Rules (IR35) To Be Extended To Private Sector Workers?

Off Payroll Rules (IR35) To Be Extended To Private Sector Workers?

As mentioned in the Autumn Budget, the Government has opened a consultation into a possible extension of the rules that currently apply to “off-payroll” workers in the public sector to the private sector. This consultation is being undertaken at the same time as the consultation into employment status. The IR35 rules introduced in 2000 are … Continued

Comments Off on Accountancy Firm of the Year 2018

Accountancy Firm of the Year 2018

Accountancy Firm of the Year 2018

BWM are delighted to have been shortlisted as  Accountancy Firm of the Year 2018 at the City of Liverpool Business Awards. The fifteenth annual City of Liverpool Business Awards will take place on the evening of Thursday 12th July at the stunning Sefton Park Palm House. The gala dinner celebrates the best of Liverpool business, … Continued

Comments Off on Accountancy Firm BWM Completes Rebrand and Adds New Talent to its Team

Accountancy Firm BWM Completes Rebrand and Adds New Talent to its Team

Accountancy Firm BWM Completes Rebrand and Adds New Talent to its Team

One of Liverpool’s best known accountancy firms BWM has unveiled a raft of new starters as it rebrands and looks to the next stage of its growth.  Formerly known as BWMacfarlane the firm, which specialises in charities, owner-managed businesses and high net-worth individuals, is now simply known as ‘BWM’.  The practice has also recruited six … Continued

Comments Off on Lack of Funding Holds back 1 in 4 SMEs

Lack of Funding Holds back 1 in 4 SMEs

Lack of Funding Holds back 1 in 4 SMEs

Difficulty accessing funding is causing around one in four small and medium-sized firms to miss out on business opportunities, research shows. A survey by Aldermore of 1,004 senior decision-makers in SMEs revealed that 23% had missed out on at least one new business opportunity due to lack of funding in the past 12 months. The … Continued

Comments Off on Selected Businesses Begin Making Tax Digital Testing

Selected Businesses Begin Making Tax Digital Testing

Selected Businesses Begin Making Tax Digital Testing

A number of selected small businesses have begun submitting tax returns under HMRC’s Making Tax Digital (MTD) pilot scheme. The Revenue asked for businesses to step forward and trial the digital process from April 2018. HMRC is monitoring the progress of businesses and sole traders, who have been submitting tax returns to help shape the … Continued

Comments Off on Late Payments Affect Almost Half of Small Businesses

Late Payments Affect Almost Half of Small Businesses

Late Payments Affect Almost Half of Small Businesses

Almost half of small and medium-sized businesses have struggled with late payments in the last year, according to research by the Institute of Directors (IoD). Of the 787 business leaders surveyed, 48% have faced issues with late payments since April 2017. Almost a third (31%) said this was the result of an “excessively bureaucratic payments … Continued