Author Archives: Vicki Harper

Comments Off on Genuine HMRC contact and recognising phishing emails and texts

Genuine HMRC contact and recognising phishing emails and texts

Genuine HMRC contact and recognising phishing emails and texts

HMRC have warned about a sophisticated new scam where fraudsters, posing as the taxman, demand you pay back tax or face punitive fines. They are using the busy Christmas period when many people are also mindful of the coming 31 January self-assessment deadline coming to scam unsuspecting people into handing over thousands of pounds. HMRC … Continued

Comments Off on Budget 2018: Business reaction to the ‘something for everyone’ Budget

Budget 2018: Business reaction to the ‘something for everyone’ Budget

Budget 2018: Business reaction to the ‘something for everyone’ Budget

Liverpool city region professionals say there are a number of positives in Philip Hammond’s Budget including a renewed commitment to the Northern Powerhouse. Tony McDonough of Liverpool Business News reports Peter Taaffe, managing partner of BWM   Business leaders, both in the Liverpool city region and across the UK have offered a cautious welcome to Philip … Continued

Comments Off on Making Tax Digital for VAT Guidance Issued

Making Tax Digital for VAT Guidance Issued

Making Tax Digital for VAT Guidance Issued

HMRC have now issued their detailed guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT. VAT Notice 700/22 clarifies that spreadsheets may still be used to keep business records provided that there is bridging software that links to the Government gateway. There will however be a one year … Continued

Comments Off on Double Win for BWM at the 2017 MIB Awards

Double Win for BWM at the 2017 MIB Awards

Double Win for BWM at the 2017 MIB Awards

Win for BWM and Peter Taaffe in the Merseyside Independent Business Awards 2017 BWM are delighted to have been successful in two categories in the Merseyside Independent Business awards, now in its 5th year, is the only ceremony in the region to celebrate the achievements of independent businesses. The Awards were set up by Morecrofts Solicitors … Continued

Comments Off on BWM Charity Autumn Update Seminar – Tuesday 3 October

BWM Charity Autumn Update Seminar – Tuesday 3 October

BWM Charity Autumn Update Seminar – Tuesday 3 October

BWM Chartered Accountants are hosting a Charity Autumn Update Seminar on Tuesday 3 October from 8.45am. Full details are provided here. With so much going on in the charity sector we have invited an excellent line-up of speakers to provide the latest updates and share their expert opinions on some of the key topical issues: Financial matters … Continued

Comments Off on Rising national living wage hits SME profits

Rising national living wage hits SME profits

Rising national living wage hits SME profits

64% of small businesses are seeing profits fall as a result of the national living wage (NLW) rise, according to research. The NLW increased from £7.20 to £7.50 per hour on 1 April 2017. Out of 835 businesses surveyed by the Federation of Small Business (FSB), 39% have put up prices to cope with the … Continued

Comments Off on Businesses urged to prepare for Data Protection Bill

Businesses urged to prepare for Data Protection Bill

Businesses urged to prepare for Data Protection Bill

Individuals will be able to legally ask businesses to delete certain personal data under new proposals outlined in the Data Protection Bill. The Bill forms part of the EU’s General Data Protection Regulation (GDPR), which is due to come into effect on 25 May 2018. The legislation will allow individuals greater control over their personal … Continued

Comments Off on Recruiters working harder to fill vacancies

Recruiters working harder to fill vacancies

Recruiters working harder to fill vacancies

Recruiters are finding it difficult to hire new staff due to increasing competition for highly skilled employees, a study has found. Of 400 recruitment agencies surveyed by IHS Markit for the Recruitment and Employment Confederation (REC), 40% found the availability of temporary staff had got worse in July 2017 compared to the previous month (35%). … Continued

Comments Off on High value dealers need to register for cash payments

High value dealers need to register for cash payments

High value dealers need to register for cash payments

Businesses accepting cash payments of €10,000 or more in exchange for goods are required to register with HMRC under money laundering regulations (MLR). Recent changes to regulations mean that companies accepting cash payments on or above the threshold limit (or equivalent in sterling) will be classed as high value dealers. Transactions that are considered high … Continued

Comments Off on Company car advisory fuel rates from 1 September 2017

Company car advisory fuel rates from 1 September 2017

Company car advisory fuel rates from 1 September 2017

HMRC has published revised advisory fuel rates for company cars, applying from 1 September 2017. The rates are to be used only where employers either reimburse employees for business travel in their company cars, or require employees to repay the cost of fuel used for private travel. These rates apply from 1 September 2017. You … Continued