From today, workforces with fewer than 30 employees will start to be phased into the Government’s automatic enrolment scheme, which was set up amid fears that people are living for longer but are not putting enough money aside for their old age. Around 14,000 small and micro businesses will be reaching their staging dates to … Continued
In the Autumn of last year over 50 countries agreed on a Common Reporting Standard (CRS); an agreement to share information on residents’ assets and incomes. It is therefore clear that there will be a huge rise in the number of reportable accounts when information exchange commences. You therefore need to be aware that if … Continued
More than ever before, the not for profit sector needs to work together to support those who rely on us. But what model of partnership works best for your organisation or project? From informal partnerships, to consortiums, mergers and everything in between, it can be overwhelming just thinking about the models available, let alone working … Continued
If you are using Sage Instant Accounts 2012 and/or Sage 50 Accounts 2013, Sage are advising that they are beginning to withdraw support for their version of the software. What does this mean? As technology continues to change so rapidly it is standard practice in the industry for companies to withdraw support from older versions of software to focus … Continued
Employers will no longer need to auto-enrol employees in certain circumstances after regulatory changes were introduced in April 2015. From 1 April 2015, the following types of employee will not need to be auto-enrolled: individuals who are leaving employment those who cancel scheme membership before auto-enrolment employees whose existing pension savings have tax-protected status. The … Continued
Pension schemes will have to boost transparency and detail under reporting requirements in the revised statement of recommended practice by the Pensions Research Accountants Group, which comes into force next year. Scheme trustees, asset managers and those responsible for preparing accounts will be tasked with putting systems in place to enhance the relevance and transparency … Continued
The ICAEW technical guidance [TECH 09/14BL] came into effect on 1 April and is a step in the right direction in the completely unregulated area of commercial service charges. Unlike residential property service charges, commercial charges are not regulated by overriding national legislation and property owners and managers are encouraged to follow ‘best practice’ as … Continued
Retirees plan to use a mix of assets such as pensions, cash ISAs and savings to fund their retirement, according to a survey by YouGov commissioned by Friends Life. The survey polled 7,000 people across the UK and found that many are planning to use a diverse portfolio of assets to see them through retirement. … Continued
A range of measures aimed at supporting small businesses have become law after the Small Business, Enterprise and Employment Act gained royal assent. The act is designed to help small businesses by improving access to finance, combating late payment and reducing regulatory burdens. It is hoped that the measures will encourage businesses to innovate and … Continued
If you’re a company, partnership or sole trader, you can deduct 100% of your qualifying plant and machinery expenditure against your pre-tax profits with the Annual Investment Allowance (AIA). The AIA is available for most plant and machinery expenditure. This includes machines, office equipment, certain building fixtures, vans and lorries. However, certain expenditure such as … 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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