Author Archives: bwmwp

Comments Off on Non-savers cite lack of spare money

Non-savers cite lack of spare money

Non-savers cite lack of spare money

More than a third (38%) of people don’t have enough money to save every month, according to research by Lloyds Bank. Lloyds Bank’s latest survey of more than 3,500 people found that 24% will either stop saving or save less during the next 12 months. The research found: 34% of respondents have less than their … Continued

Comments Off on SMEs unprepared for older workforce

SMEs unprepared for older workforce

SMEs unprepared for older workforce

SMEs recognise the benefits of employing workers over 65 but many are not yet ready to meet the needs of an ageing workforce, a survey by the Chartered Institute of Personnel and Development (CIPD) has found. The vast majority (86%) of SMEs questioned acknowledge the benefits of an age diverse workforce but only 25% have … Continued

Comments Off on SME loan success rate up to 80%

SME loan success rate up to 80%

SME loan success rate up to 80%

Four out of 5 SME loan applications were approved in 2014, compared with 71% in 2013, according to research by venture capital firm Albion Ventures. Despite these improvements, just 1 in 10 SMEs applied for finance during the past 12 months, down from 17% in the year before. The survey of 450 firms revealed a … Continued

Comments Off on FRSME emerges as new micro accounts format

FRSME emerges as new micro accounts format

FRSME emerges as new micro accounts format

The Financial Reporting Council has released a much anticipated consultation document detailing the future direction for micro-entity accounts following the publication of the government’s outline plan for implementing the EU accounting directive. Wrting for Accounting Web, Steve Collings takes a closer look at the propsals for the Financial Reporting Standard for Micro-Entitites (FRSME). The most … Continued

Comments Off on Free ‘Alternative not-for-profit structures and trading’ seminar

Free ‘Alternative not-for-profit structures and trading’ seminar

We are providing a free seminar aimed at helping those who would like a better understanding of the different legal structures and purpose of social enterprises, including charities and community interest companies, as well as more obscure legal structures. This seminar will be held on 22 September 4.30pm-6.30pm at DWF, 5 St Paul’s Square, Old … Continued

Comments Off on Free Auto Enrolment seminar

Free Auto Enrolment seminar

Free Auto Enrolment seminar

We are providing a free seminar aimed at helping employers understand their legal obligations on Pension Reform & Auto Enrolment plus changes employers must make to Employees’ Terms & Conditions. This seminar will be held on 17 September 08.45am-12.00pm at Malmaison Liverpool, 7 William Jessop Way, L3 1QZ. During this event BWMacfarlane Chartered Accountants are … Continued

Comments Off on Pensions Update: Individual Protection 2014 (IP2014)

Pensions Update: Individual Protection 2014 (IP2014)

Pensions Update: Individual Protection 2014 (IP2014)

From 6 April 2014 the standard lifetime allowance will be reduced from £1.5 million to £1.25 million. Individual Protection 2014 will give individuals a protected lifetime allowance equal to the value of their pension savings on 5 April 2014, subject to an overall maximum of £1.5 million. You will not lose Individual Protection 2014 by … Continued

Comments Off on Annual Investment Allowance

Annual Investment Allowance

Annual Investment Allowance

The Annual Investment Allowance (AIA) is a 100 per cent allowance for plant, machinery and equipment capped at an annual amount. This means that all expenditure within this capped amount can be written off against the taxable profits for the same period. Expenditure over that amount is subject to the normal writing down allowances for … Continued

Comments Off on Retail Gift Aid scheme revised guidance

Retail Gift Aid scheme revised guidance

HMRC have amended their guidance for charities that operate a simplified process for claiming Gift Aid on donations from the sale of donated goods to explain how repayment claims will be affected when HMRC identify donations given by non-taxpayers. While Gift Aid does not apply if a person simply donates goods to a charity, it … Continued

Comments Off on Giant Spectacular at BWM!

Giant Spectacular at BWM!

Giant Spectacular at BWM!

                  BWMacfarlane had a fantastic weekend celebrating the Giants revisiting the city. Being based on Castle Street, BWM had a spectacular view of the Giants travelling past on Friday and Saturday. BWM staff and their families were invited to the office on Saturday to watch the Little Girl and Xolo from the balcony. What an enjoyable … Continued