In addition to the benefit in kind charged on directors and employees who are provided with a car for private use, there is a further taxable benefit should their petrol or diesel be paid for in respect of private journeys. Like the car benefit, the fuel scale charge is based on the official CO2 emissions … Continued
The Government has recently proposed a measure to give HMRC the power to recover unpaid tax over £1,000 from taxpayers’ private bank accounts. This new power will only be used where the taxpayer has ignored several demands for payment and the taxpayer’s bank account should not be reduced below £5,000 by HMRC. It would appear … Continued
There have been a number of high-profile celebrities who have been involved in tax avoidance schemes that have been successfully challenged by HMRC in the courts. New legislation in the latest Finance Bill will require “followers” of schemes that have been successfully challenged by HMRC to amend their tax returns in the light of the … Continued
The charities Statements of Recommended Practice have been approved for publication by the Financial Reporting Council, the Charity Commission and the Office of the Scottish Charity Regulator announced today. The Financial Reporting Council (FRC), which is the standard-setting body for UK accounting rules, approved the two SORPs at its board meeting on 22 May. The … Continued
If you are constructing a new dwelling, it is always worth checking that the conditions are met to allow the property to be treated as new build. If the conditions are not met HMRC will reject any claim for VAT made under the DIY House Builders scheme. This is also an important point for builders … Continued
Sage are informing customers currently using Sage 50 Accounts 2011, that from 30 April 2014, they will no longer be supporting this version of the software. What does this mean? After support has been withdrawn, users will no longer be able to upgrade the software on the lower upgrade price; instead they’d have to pay the full … Continued
We are members of Sage Accountants’ Club, a partnership that compliments and supports us in our aim to be the most trusted advisor to our clients. As members we and our clients benefit from market leading software and technical support. We also receive 20% off selected Sage 50 software and Sage training for our clients. … Continued
If you are constructing a new dwelling, it is always worth checking that the conditions are met to allow the property to be treated as new build. If the conditions are not met HMRC will reject any claim for VAT made under the DIY House Builders scheme. This is also an important point for builders … Continued
New rules have been unveiled that will see companies forced to declare who their beneficial owners are. The Government has indicated that it will legislate where necessary as soon as Parliamentary time allows. Shareholders with more than a 25% stake in a company registered in the UK will have to supply Companies House with personal … Continued
The Financial Reporting Council (FRC) has published an amended version of the Financial Reporting Standard for Smaller Entities (FRSSE) for use by micro-entities which want to take advantage of new regulations allowing them to prepare simplified financial statements. Micro-entities are the UK’s smallest companies. They are now able to use the FRSSE when choosing to … 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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