The Government is lending £20m to UK businesses through Funding Circle*. Typically 10% of each loan has been funded by Government* and the other 90% is funded by real people around the UK. The upper loan limit is £1 million on secured loans and asset finance. Funding Circle also offer unsecured loans up to £100k. … Continued
FW Capital manages the £45 million North West Fund for Loans Plus, which provides commercial loans to established, viable and growing SME’s in the North West. The North West Fund for Loans Plus is part of the £155 million North West Fund, which is financed jointly by the European Regional Development Fund and the European … Continued
Entertainers will be treated as self-employed for NIC purposes from 6 April 2014 instead of being deemed to be employed earners. This is a reversion to the rules which applied up to 1998. For this purpose an entertainer is defined as someone engaged as an actor, singer or musician, or in any similar performing capacity, … Continued
It needs to be appreciated that Class 4 NICs are only not due by the self-employed with profits in excess of the lower annual profits limit if under 16 or he/she reached state pension age (SPA) before the start of the tax year in question. The start of the tax year is 7 April for … Continued
The BRC programme involves on-site visits to encourage taxpayers to keep better records, and to keep up to date. The checks help and encourage SMEs, say HMRC, to improve the standard of records they keep and consequently help them to send correct returns to HMRC. A new approach in specified geographical areas reflects the fact … Continued
This valuable relief is worth knowing about. It effectively extends the right to claim OVERPAYMENT RELIEF to cover tax overpaid where ordinarily the deadline of four years after the end of the tax year concerned has not been met. It can only apply if specific conditions are met. In particular you have to show that … Continued
If a car is provided by reason of an employment and is available for private use, there is ordinarily an income tax charge on an amount which is calculated as a variable percentage of the original list price, the variation depending on the level of the car’s CO2 emissions. Not surprisingly, company cars are not … Continued
If you buy the goodwill of a business you will often be able to claim corporation tax relief on the amount of the purchase price which is amortised in the accounts. The question then is at what rate can goodwill be amortised? There are new developments on this. In the USA there is a statutory … Continued
Presented to Parliament by the Chancellor of the Exchequer, George Osborne, the 2013 Autumn Statement contains a number of measures that will have an impact upon the voluntary, community and social enterprise (VCSE) sector. According to the Autumn Statement, the Government will introduce: – Legislation to amend the definition of a charity for tax purposes … Continued
The Big Lottery Fund has announced a new £150m fund to invest in community-led enterprises across England, the largest ever fund of its kind. The Big Lottery Fund says the fund, the Power to Change scheme, is the country’s largest ever community enterprise fund. It aims to help community enterprises, including charities, to provide sustainable … 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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