Almost two thirds of UK businesses generated a cash surplus in the last tax year, according to research by the Institute of Chartered Accountants in England and Wales (ICAEW). The survey of 500 businesses found that 62% made a cash surplus last year while 69% expect to make a cash surplus during the current tax … Continued
Many mortgage lenders now request a copy of the official HMRC tax calculation (SA302) as confirmation of income. As the result of lobbying from the accounting profession, there has been a change of heart. From January 2015, self-employed individuals with a self assessment online account can provide proof of their income by downloading copies of … Continued
Looking for finance to grow your services and become more sustainable? Small community-led organisations based in the North West or South West of England can now apply for up to £30,000 from the new First Steps Enterprise Fund. The fund is offering loan-grant packages to charities and social enterprises working in these communities to help them … Continued
In his recent Budget the Chancellor announced “We will abolish the annual tax return”. This has attracted a lot of media attention, so what is proposed and will we really see an end of self assessment tax returns? There is not a great deal of information available at the moment but essentially individuals and businesses … Continued
Trivial benefits On 6 April 2015 the change to the trivial benefit rules comes into effect. This will exempt from tax (and Class 1 or Class 1A NI) any benefit in kind given to an employee that has a cash equivalent value of £50 or less including VAT. Such items would typically include small gifts … Continued
It’s been over a year since the Chancellor first announced reforms to how people can access their pension savings. We look at what you need to know about the changes: Flexibility in retirement From this April, people aged over 55 will be able to take their defined contribution pension funds in multiple cash lump sums. … Continued
Equity investment in small businesses has more than doubled in the last 3 years, a report by the British Business Bank has found. Figures show that more small businesses are choosing to sell ownership interests in their business to raise capital. The number of equity deals completed in the first 3 quarters of 2014 was … Continued
Small businesses in the UK continue to be less productive compared to other countries, according to a report by the All Parliamentary Small Business Group. The group’s findings complement recent research by the Federation of Small Businesses that shows that UK productivity levels are 17% lower than the average across the G7. The parliamentary group … Continued
The number of small businesses that reported profits over the last 12 months has returned to 2007 levels, according to the government’s Small Business Survey. The annual survey conducted by the Department for Business, Innovation and Skills showed that 78% of businesses reported making a profit or surplus this year, with 40% saying their turnover … Continued
The VAT registration limit has been increased by £1,000 to £82,000 from 1 April 2015. The de-registration limit also increased by £1,000 to £80,000.
🎅🏻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,
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Phone: 0151 236 1494
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