A reduction in the lifetime allowance (LTA) for pension savings could cost savers billions in unexpected tax charges according to research from Standard Life. The LTA – the maximum amount an individual can accrue in pension savings in their lifetime before triggering a tax charge – falls from £1.5 million to £1.25 million in April … Continued
Micro employers will be given until April 2016 to adapt to the real time information (RTI) system for reporting PAYE payments, HM Revenue & Customs (HMRC) has announced. Micro employers – those with fewer than 10 employees – who need more time to adapt to RTI can continue reporting PAYE information on or before the … Continued
The Business Secretary, Vince Cable, has launched a consultation into the understanding and use of zero hours contracts. Official figures suggest that there are 250,000 people employed under zero hours contracts, which offer no guaranteed hours or pay and are typically used for low-paid, on-call workers. The Chartered Institute of Personnel and Development has said … Continued
The number of small and medium-sized enterprises (SMEs) in the UK reached a six-year high of 2.16 million in 2013, according to the National Association for Commercial Finance Brokers (NACFB). The data reveals that 86,435 SMEs have been created in the past two years, increasing the SME population by 4.2 per cent. This follows the … Continued
Liverpool City Council is making available 136 reconditioned personal computers to voluntary sector organisations, for community use. These are all desktop PCs, no laptops are available. They will be installed with Windows 7, Office software and internet connectivity. They have no support or maintenance package attached and are distributed as seen. There is no grant … Continued
Liverpool City Council is holding a Budget Meeting on Monday 20 January 2014, 4pm at the Liverpool Town Hall, Council Chamber, Dale Street, Liverpool, L2 3SW. This is a budget meeting for the voluntary, community and faith sector. There will be a presentation from Joe Anderson, the Mayor of Liverpool on the current budget position … Continued
A new penalty regime for RTI comes in from 6 April 2014, to encourage compliance with the information and payment obligations. Late filing penalties will apply to each PAYE scheme, with the size of the penalty based on the number of employees in the scheme. Monthly penalties of between £100 and £400 will apply to … Continued
As previously announced, a new tax relief for equity and certain debt investments in social enterprises will be available from April 2014. Organisations which are charities, community interest companies or community benefit societies will be eligible. Following consultation, investment in social impact bonds issued by companies limited by shares will also be eligible. A ‘roadmap’ … Continued
The promised hike in the personal allowance to £10,000 is confirmed for the tax year 2014/15. The basic rate limit is £31,865 for 2014/15. This means that 40% taxpayers (if taxable income does not exceed £100,000) will partly benefit from the increase in personal allowance. The 45% band for 2014/15 applies to taxable income over … Continued
Liverpool City Region Local Enterprise Partnership (LEP) in conjunction with the City Regions’ Local Authorities are working together to support growing businesses through a £10million investment fund. The Business Growth Grant is open to existing businesses that have growth potential and a plan to realise it. The fund is designed to help companies to secure … 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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