We are providing a free seminar aimed at helping charities to gain a better understanding of how to make their fundraising more innovative and effective. This seminar will be held on 31 March 4.30pm-6.30pm at Neurosupport, Norton Street, Liverpool L3 8LR. In this 2 hour event BWMacfarlane Chartered Accountants are working in partnership with expert … Continued
One in four not ready to retire
One in four people planning to retire this year don’t feel ready to stop working, Prudential has found. The Class of 2014 study tracked the aspirations of people who plan to retire and found a changing attitude towards retirement: 13 per cent of people scheduled to retire in 2014 have postponed their plans 54 per cent … Continued
Online sales growth continues
Online retailers have reported their strongest January sales of non-food products since 2009, according to the British Retail Consortium (BRC). Online sales of non-food products increased by 19.2 per cent in January 2014, compared with January 2013. The BRC research found: Online purchases accounted for 17.4 per cent of total non-food sales in January 2014 … Continued
Business groups call for prompt payment reform
Business groups have called for reform of the Prompt Payment Code (PPC) after data showed that more than half of Federation of Small Businesses (FSB) members were not paid by the agreed date. The PPC is a Government-backed scheme to encourage businesses to pay their suppliers on time and within clearly defined terms. The FSB … Continued
Skills shortage may curb growth
A growing shortage of skills “may constrain economic growth”, research from the UK Commission for Employment and Skills (UKCES) has suggested. The UKCES 2013 Employer Skills Survey (ESS) found that skills-shortage vacancies increased from 91,400 in 2011 to 146,000 in 2013, rising at a faster rate than the increase in job vacancies. The ESS findings … Continued
Pensions Update-Fixed Protection 2014 and Use of Carry Forward Relief
Two of the highest priorities for high earners in the run up to the end of the tax year is checking whether they should apply for Fixed Protection 2014 and whether they need to make a final contribution prior to 5 April 2014, making use of carry forward relief where appropriate. Please note that the … Continued
Proposed tax changes for Limited Liability Partnerships from 6 April 2014
The present position (prior to 6 April 2014) A Limited Liability Partnership (LLP) is a hybrid: it has the status of an incorporated business, but LLP members (or partners) are considered to be self employed. One practical consequence is that LLP members have unlimited liability. Contrast this with an unincorporated business partnership where partners are … Continued
Capital gains tax – changes to PPR final period exemption with effect from 6 April 2014
Where a property has been an individual’s principle private residence (PPR) at some time during the period of ownership, the last 36 months of ownership have always been exempt in calculating capital gains tax. Where more than one residence is held, it is possible to make an election to nominate a particular property as the … Continued
The Big Energy Idea Fund
This is the last week to apply for the Big Energy Idea Fund. The deadline is Friday 28th February 2014. The Big Energy Idea is going to provide 10 successful social entrepreneurs with an individual package of support and funding of between £50,000 and £2m to help them grow their business and social impact. The … Continued
Statutory services could face 25% funding cut at Liverpool
Liverpool City Council’s three-year budget could force statutory services to slash spending by a quarter as part of £156m savings plans. Under a list of proposals drawn up by city mayor Joe Anderson, mandatory services would be forced to find 25% savings while discretionary services endure a 50% spending cut. Liverpool City Council will work … Continued