Employers will need to account for overtime when calculating holiday pay from 1 July 2015. The Employment Appeal Tribunal (EAT) ruled in November 2014 that employers must factor in overtime, commissions and bonuses when making holiday pay calculations, instead of only taking basic pay into account. Holiday pay for employees who receive irregular remuneration will … Continued
A new consultation on three different matters as set out below that affect the SORPs opened on 18 June and will last 3 months to 18 September 2015. Charities SORP (FRS 102) Due to changes in UK-Irish Generally Accepted Accounting Practice the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) … Continued
More than 4 in 10 small and micro businesses have experienced digital crime, according to a survey by the Association of Accounting Technicians (AAT). The survey of 1,000 business owners with less than 49 employees reveals that 42% have suffered online security issues. Important figures: 23% have had business computers infected by viruses 22% have … Continued
Free breakfast seminar ‘Sustainability’ – Why going green makes good business sense Date: Wednesday 17 June 2015 Time: 9am – 10.30am Location: BWMacfarlane offices, 6th Floor, 43 Castle Street, Liverpool L2 9SH. Complimentary breakfast rolls and drinks will be provided. We are pleased to invite you to this free seminar in which our expert speaker … Continued
As mentioned in the tax diary, the deadline for filing the 2014/15 returns of benefits and expenses paid to employees is 6 July 2015. Note that there can be significant penalties for incorrect returns so they need to be completed with great care. Remember that unless the employer holds a dispensation from HMRC, employees’ and … Continued
More and more companies now give their employees the opportunity to acquire company shares. If correctly structured, this can be a very tax efficient way of attracting and retaining staff, as they are able to share in the success of the company. However, if you get things wrong there can be significant tax charges on … Continued
HMRC are seeking the power to recover unpaid tax over £1,000 from taxpayers’ private bank accounts and legislation was originally going to be included in the 2015 Finance Act. However the new measures were not included in the first Finance Act but may be included in the next one! This new power will only be … Continued
Following the Election result on 8 May, the Chancellor has announced that there will be a second Budget. We expect this to include a number of Conservative manifesto tax pledges and we will be updating clients with the relevant details in due course.
The new flexible pension rules came into force from 6 April 2015 for those aged 55 or over with money purchase pension schemes. As announced by the Chancellor in last year’s Budget, these individuals will be able to withdraw as much as they wish from their pension fund but will be taxed on the amount … Continued
HM Revenue & Customs (HMRC) is to waive £100 fines for up to 890,000 people who failed to file their tax returns on time, according to reports. The deadline for self-assessment tax returns was midnight on 31 January and those who fail to meet this have traditionally been threatened with a £100 fine. However, HMRC … 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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