Delivering the 2013 Autumn Statement, the Chancellor said the latest forecasts from the Office for Budget Responsibility proved that “Britain’s economic plan is working” but warned that the “job is not done.” George Osborne stressed that: • the deficit is down but it’s still too high • growth is up but productivity is too low … Continued
Traditional inheritance altered?
The traditional inheritance is becoming a thing of the past as more parents choose to give away assets during their lifetime, data from the Office for National Statistics (ONS) has suggested. The UK’s ageing population, alongside rising living and care costs, is also diminishing assets which might traditionally have been passed on to others, it … Continued
Business costs rise well above inflation
The cost of doing business in the UK has increased well ahead of the rate of inflation in 2013, according to new research from business group the Forum of Private Business (FPB). The FPB’s latest Cost of Doing Business member survey found that prices for micro, small and medium-sized employers have increased by six per … Continued
UK manufacturers optimistic for growth
Optimism among small and medium-sized manufacturers grew at a record pace in the third quarter of this year, according to a survey by the Confederation of British Industry (CBI). The CBI’s latest SME Trends Survey found that demand grew significantly, with 42 per cent of SME firms reporting an increase in domestic orders and 33 … Continued
Crowdfunding guidance for small firms
Guidance about how small firms and start-ups can access finance through crowdfunding has been published as part of Global Entrepreneurship Week, which ran from 18-24 November. Crowdfunding involves people pooling their money, usually via an online platform, to invest in an initiative or idea being run by others. Crowdfunding for businesses usually sees the investors … Continued
BWMacfarlane to talk at Liverpool Law Society 2014 Management Conference
On Wednesday 5 February 2014 BWMacfarlane Managing Partner, Peter Taaffe will be joining a series of expert speakers at the offices of Weightmans Solicitors to deliver a talk on Law Firm Succession Planning and Exit Strategies. A full synopsis of the event and booking form is attached 2014 Management Conference. You can also book online … Continued
‘Fantastic response’ to SORP consultation
Hundreds attend consultation events and over 160 submit responses The Charity Commission for England and Wales and The Scottish Charity Regulator, as the SORP making body, have welcomed the sector’s enthusiastic response to its consultation on the draft SORP. Over 1,600 charity sector representatives took part in the 26 consultation events held by the SORP … Continued
Have you got your will and a power of attorney in place?
Guidance issued this year by the British Bankers’ Association has made it common practice for high street banks to freeze withdrawals from a joint account if one of the accountholders is mentally incapable, until an attorney or deputy is appointed. It is yet another reason for people to have a power of attorney in place … Continued
BWMacfarlane deliver Liverpool Law Society talks to help small legal practices
BWMacfarlane are delighted to be delivering 2 high quality courses at the Liverpool Law Society in January 2014. Managing Partner Peter Taaffe will be speaking to delegates about Building a Successful Law Practice and also ‘How to Impress Your Bank Manager’ covering the intricacies of cash flow, WIP, debtors etc. The course are aimed at … Continued
Transferable Tax Allowance For Couples
From 2015/16, married couples and civil partners can transfer up to £1,000 of their personal allowance to their partner, but only if neither individual pays tax at the 40% rate. It is therefore a modest tax break, worth a maximum of £200 each tax year, but every little helps (as we are often reminded)! The … Continued