The unemployment rate fell by 77,000 to 2.24 million between December 2013 and February 2014, according to figures from the Office for National Statistics (ONS). The official unemployment rate now stands at 6.9%, the lowest since February 2009. Key employment data: 30.39 million people were in work between December 2013 and February 2014 This is … Continued
HMRC Second Incomes Campaign
The Second Incomes Campaign gives you the chance to bring your tax affairs up to date if you’re employed and have additional income that’s not taxed. You can take this opportunity if: you’re an employee you’re resident in the UK you have additional income from working for yourself A second income could come from: consultancy … Continued
Investing through Crowdfunding: Tax Implications
With some experiencing difficulty in obtaining bank loans, SMEs are increasingly turning to Crowdfunding investment platforms to access growth capital. What is Crowdfunding? Crowdfunding is a way of raising finance by asking a large number of people each for a small amount of money. Typically, those seeking funds will set up a profile of their … Continued
Paid for interest-rate protection on your business loan?
Thousands of businesses have been mis-sold interest rate protection products (Swaps, Caps & Collars) on top of debt facilities by Banks. These products which were hugely profitable for Banks were sold to businesses on the presumption that interest rates would rise and these hedging products would provide protection. All the major High Street Banks have … Continued
Funding Circle Business Loans available
An alternative source of finance, Funding Circle provides business loans from £5k to £1 million for working capital, expansion, property, asset purchase and one-off business expenses. 10% of eligible loans funded by the Government-backed British Business Bank and interest rates start at 6%. For more information see https://www.fundingcircle.com/businesses For further information about alternative sources of … Continued
13 May Media Awareness and Reputation Management Seminar
We are providing a free seminar aimed at helping charities to gain a better understanding on media awareness and reputation management. This seminar will be held on 13 May 12.30pm-2.00pm at 60 Hope Street, Liverpool, L1 9BZ. In this 1.5 hour event BWMacfarlane Chartered Accountants are working in partnership with expert speakers from Ubiquitypr, Jackson & … Continued
Charity Commission seeks more information in 2014 annual return
Charities will have to provide more information about their activities in their annual return, including information about fundraising, payment to trustees, trading and grantmaking, the Charity Commission has said. The Commission has published new guidance on the annual return form for 2014, which must be completed by all registered charities with an income over £10,000. … Continued
Minimum wage rises to £6.50 an hour
The national minimum wage (NMW) for adults will rise by 19p an hour to £6.50 on 1 October 2014, the Business Secretary Vince Cable has announced. The Government has agreed to follow the three per cent rise proposed by the Low Pay Commission last month. This will be the first time in six years that … Continued
SMEs need consumer-level protection
Small and micro businesses need the same level of protection as consumers when buying utilities, according to the Federation of Small Businesses (FSB). The FSB argues that many small businesses are disadvantaged when choosing energy or water providers as they lack the resources and negotiating power of larger firms. The FSB is asking the Government … Continued
Budget 2014- £1,500 loophole windfall for over-60s
Millions of people over 60 could get a £1,500 windfall from the Treasury because of an extraordinary loophole in the new pension laws. Changes in the recent Budget, allow pensioners to cash in small pension pots worth up to £10,000. Pensions experts have said that those able to access £8,000 cash could exploit the loophole … Continued