Category: Business

Businesses will need to submit their tax and financial information quarterly using software that’s compatible with HMRC’s systems. In a letter to financial secretary to the Treasury David Gauke, Andrew Tyrie, chairman of the Treasury Select Committee, said that submitting records in a “prescribed digital format” would bring a financial burden to small firms that … Continued

A growing divide is opening up between businesses that use digital technology and those that do not, according to research by the Confederation of British Industry (CBI). 94% of businesses agreed that digital technologies were key to increasing productivity but only 30% see themselves as ‘digital pioneers’. The biggest problem for businesses were: 45% of … Continued

Not for profit organisation Alt Valley Community Trust are offering valuable free support to start up and established businesses through their ERDF (European Regional Development Fund) funded projects as follows Enterprise Hub:  for individuals who are thinking about becoming self-employed or setting up a limited company etc. The experienced team can spend up to 12 … Continued

Liverpool accountancy practice BWMacfarlane has helped secure the significant acquisition of Lees Solicitors LLP by The Jackson Canter Group this month. The Jackson Canter Group – one of the North West’s fastest growing law firms – has acquired Lees Solicitors as part of a major move towards becoming one of the region’s largest providers of … Continued

The Jackson Canter Group – one of the North West’s fastest growing law firms – has acquired Lees Solicitors LLP, signalling a major step towards becoming one of the region’s largest providers of legal services. Peter Taaffe, Managing Partner of BWMacfarlane provided Corporate Finance services to the Jackson Canter Group in preparation for the acquisition. … Continued

From 30 June 2016 the annual return is being replaced with what has been named a ‘Confirmation Statement’. The Confirmation Statement will need to be filed annually, in a similar fashion to the old Annual Return. The standard information will be required: The registered office The Directors and Company Secretary (if any) Where the company … Continued

Chancellor George Osborne delivered his Budget 2016 on 16 March 2016 and outlined several changes national insurance, corporation tax and stamp duty. Some of the headline measures relating to businesses announced in the Budget include: Corporation tax – the rate of corporation tax will reduce to 17% by 2020 Business rate relief – the doubling … Continued

A lack of leadership and management skills may be inhibiting the growth of businesses. Just under half of new start-ups in the UK last less than 3 years. The UK also has a growing productivity gap, currently 18% below the G7 average. A report by the Federation of Small Businesses looked at the level of … Continued

There has been a recent change of policy at Companies House as part of their aim to ensure that Companies keep their filing requirements up to date. They are instigating ‘Proposal to Strike Off’ procedures against Companies and LLP’s in all cases where any document is more than 2 months late. This applies to Accounts … Continued

From April 2016, all UK private companies and LLPs will have to disclose their beneficial owners under the new Persons of Significant Control (PSC) register. The register, introduced under The Small Business, Enterprise & Employment Act 2015, brings new rules on identifying and recording who owns and controls these type of firms. The firms in … Continued