It should be remembered that sensible inheritance tax planning for future generations can make a massive difference over time enabling the preservation of family wealth. £1m inheritance tax allowance per couple? The recent Budgets finally made good on the long standing promise to increase the inheritance tax allowances to £500,000 for an individual or to … Continued
The impending changes to the taxation of dividends for entrepreneurs and small business owners is likely to result in an increase in solvent liquidations over the next few months. If the proposed changes go ahead on 6 April 2016, it will be more expensive for individual shareholders to accumulate and extract surplus cash funds or … Continued
Companies need to make sure their systems and suppliers are ready for an upcoming change to Bacs internet security technology in June. Bacs, a payment network which processes 3.9 billion direct debit payments in the UK each year, said that the internet community is adopting a new security certification – called SHA-2 – which will … Continued
Millions of people in England and Wales face a large rise in fees payable after death, to raise an extra £250m for the courts service. The Ministry of Justice wants an increase in probate fees to as much as £20,000 for those with the biggest estates. At the moment such fees are fixed at either … Continued
Employers may be missing out on the best skilled workers due to not offering flexible working. A report by the Joseph Rowntree Foundation argues that the current lack of ‘quality’ part-time and flexible jobs is holding back the labour market by: cutting businesses off from a proportion of skilled workers ensuring some employees get ‘stuck’ … Continued
The Financial Conduct Authority (FCA) will be given the power to cap “excessive” early exit fees on pension pots. The new FCA responsibility will be introduced through legislation and the government will be publishing a formal response. The proposals will see the FCA being independently responsible for determining what the level of the cap on … Continued
HMRC has launched a digital accounts system for businesses and individual taxpayers. The new system will allow people to see their tax details and make payments at any time during the year. HMRC plans that by 2020, most taxpayers including individuals, businesses and landlords will track and submit information to HMRC digitally every quarter. Uncertainty … Continued
The Charity Commission has published updated finance guidance for trustees, designed to streamline and clarify its advice ahead of a full review of the guidance later this year. It has updated three publications. The first covers managing financial difficulties and recommends that trustees review the charity’s financial position and its performance against budgets and future … Continued
The Finance Bill 2016 passed through parliament in December 2015. This bill puts into law many of the measures announced by the Chancellor in his Budget and Autumn Statement speeches. Important areas which were clarified: the annual investment allowance is £200,000 from 1 January 2016 tougher rules tackling offshore tax evasion will be introduced large … Continued
The new state pension comes into effect from 6 April 2016 but research has found that many savers don’t understand the changes. A survey by Aviva found that: 24% are unaware of the flat rate pension 42% of 55-64 year olds aren’t sure if they’ll receive it 57% know that the state pension age is … 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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