The Charity Commission has issued a consultation on changes to guidance on the external scrutiny of charity accounts and the introduction of a simpler format for the examiner’s report to improve transparency The proposals set out in the Directions and guidance for independent examination, CC32, includes proposals to revise the rules on examiner independence, conflicts … Continued
Digital divide growing between businesses
A growing divide is opening up between businesses that use digital technology and those that do not, according to research by the Confederation of British Industry (CBI). 94% of businesses agreed that digital technologies were key to increasing productivity but only 30% see themselves as ‘digital pioneers’. The biggest problem for businesses were: 45% of … Continued
How to trace lost pension pots
In a bid to help people locate their lost pension pots, the Pension Tracing Service has launched a new website. There is currently around £400 million in unclaimed pension savings, according to the Department for Work and Pensions. People can enter their former employers’ details into an online database and receive contact details for pension … Continued
Buy-to-let activity eases
House price growth was 9.2% in April 2016 compared to 10.1% the previous month, according to Halifax. The slowdown in growth follows a surge in buy-to-let activity before the introduction of new stamp duty land tax (SDLT) rates on 1 April 2016. 50% of properties sold in the last 2 weeks of March went to … Continued
Free Business Support from Enterprise Hub
Not for profit organisation Alt Valley Community Trust are offering valuable free support to start up and established businesses through their ERDF (European Regional Development Fund) funded projects as follows Enterprise Hub: for individuals who are thinking about becoming self-employed or setting up a limited company etc. The experienced team can spend up to 12 … Continued
BWMacfarlane assist Jackson Canter Group in Lees Solicitors acquisition
Liverpool accountancy practice BWMacfarlane has helped secure the significant acquisition of Lees Solicitors LLP by The Jackson Canter Group this month. The Jackson Canter Group – one of the North West’s fastest growing law firms – has acquired Lees Solicitors as part of a major move towards becoming one of the region’s largest providers of … Continued
Charity regulators kick off SORP consultation
The Charity Commission and the Office of the Scottish Charity Regulator have launched a consultation on possible improvements to the new charities Statement of Recommended Practice (SORP) for reporting and accounting ahead of the next round of planned updates to UK accounting standards The consultation is looking at the SORP’s structure, format and accessibility; any … Continued
Jackson Canter Group doubles in size through the acquisition of Lees Solicitors LLP
The Jackson Canter Group – one of the North West’s fastest growing law firms – has acquired Lees Solicitors LLP, signalling a major step towards becoming one of the region’s largest providers of legal services. Peter Taaffe, Managing Partner of BWMacfarlane provided Corporate Finance services to the Jackson Canter Group in preparation for the acquisition. … Continued
Changes to the Annual Return: Confirmation Statement
From 30 June 2016 the annual return is being replaced with what has been named a ‘Confirmation Statement’. The Confirmation Statement will need to be filed annually, in a similar fashion to the old Annual Return. The standard information will be required: The registered office The Directors and Company Secretary (if any) Where the company … Continued
Lifetime ISA: Is it right for you?
Adults under 40 can save up to £4,000 annually while receiving a 25% government bonus each year using a lifetime ISA from April 2017. Money put into the account can be saved until the age of 60 and can be used as retirement income or withdrawn to purchase your first property. Elsewhere, annual ISA allowance … Continued