The Government initiative ‘Making Tax Digital’ (MTD) intends that by 2020 the vast majority of businesses, self-employed people and landlords will be required to keep track of their tax affairs digitally and to update HMRC at least quarterly via their digital tax accounts. According to the Government’s current plans, from April 2018 all but the … Continued
The first major economic statement since the EU referendum focused on measures to “prepare our economy to be resilient as we exit the EU”. Unsurprisingly, the Office for Budget Responsibility (OBR) forecasts for growth have changed since the last figures were published in March. The prediction for 2016 is 2.1%, slightly higher than the 2% … Continued
BWMacfarlane are delighted that we are now Platinum Partners of leading cloud accountancy provider QuickBooks Online. The Senior Leadership Team at QuickBooks owners Intuit have been impressed by our vision and technology adoption, saying “We are extremely excited to be working with BWMacfarlane and look forward to delivering on the success measures in partnership, and … Continued
The Government initiative ‘Making Tax Digital’ intends that by 2020, the vast majority of businesses, self-employed people and landlords will be required to keep track of their tax affairs digitally and to update HMRC at least quarterly via their digital tax accounts. As part of the consultation on implementing Making Tax Digital (MTD), HMRC is … Continued
What is changing and why? 1 – Proposal to increase the turnover limit for the cash accounting basis Cash based accounting is a simple method of calculating taxable profits for trading businesses with straight forward tax affairs. With cash based accounting, businesses only need to keep records of their income and expenditure, with profit before tax … Continued
HMRC are considering introducing an optional cash based accounting scheme for landlords to give them the choice of using the simplified accounting method. What is changing? Currently property businesses are required to follow the accountancy rules set out by Generally Accepted Accounting Practice (GAAP) that recognise income earned and expenses incurred in the period, whether … Continued
This week, (7-13 November) is UK Trustee’s Week – an annual event that aims to showcase the great work that trustees do and highlight opportunities for those interested to get involved with deserving charities and make a tangible difference. BWMacfarlane offer our clients a unique Trustee Match service, pairing charities seeking trustees with individuals looking … Continued
Chancellor Philip Hammond is due to deliver his Autumn Statement on 23 November 2016. Speaking at the Conservative party conference in October, Hammond said the government will prioritise spending on housing and business investment to boost the economy. Here is a round-up of some of the potential measures that could be announced. Economic policy The … Continued
Parents who earn more are more likely to work flexibly, according to the charity Working Families. 69% of parents who earn more than £70,000 a year work in a flexible way, compared to 47% of those earning between £10,000 and £40,000. More than two thirds (68%) of all working parents said their work interferes with … Continued
Most businesses don’t currently export and don’t intend to start, according to research by the Institute of Chartered Accountants in England and Wales (ICAEW). 69% of businesses have never traded overseas and have no plans to do so in the future despite high-profile government campaigns. Important findings: 66% haven’t heard of UK Trade and Investment … Continued
🎅🏻BWM Christmas opening hours🎅🏻
🎄The BWM office will be closed over the Christmas period from close of business on Friday 22 December 2023 at 12pm until 9am on Tuesday 2 January 2024. 🎄
The Easter Bunny has come early!🐣Chocolate inspired pay day treat for all our lovely staff 🍫 🐇
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Tempest Suite 5.1, 12 Tithebarn Street,
Liverpool, L2 2DT
Phone: 0151 236 1494
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