The UK’s small and medium sized enterprises (SMEs) could be losing up to £3.7 billion as a result of poor internal systems and financial accounting, according to a recent survey by business software provider Exact. Some SMEs admit to failing to invoice for services worth more than £10,000. The nationwide survey found that: • One … Continued
A reminder that the Auto Enrolment Scheme imposes a legal obligation on employers to enroll employees into a pension scheme that meets certain standards. The start date for auto enrolment varies, but all employees aged between 22 and the state pension age must be enrolled into a pension scheme, unless they earn up to the … Continued
The UK’s 1.5 million micro businesses will now be able to prepare and publish much-reduced financial statements, as the Government’s drive to reduce the red-tape burden on businesses continues. A micro business has: • a balance sheet total of no more than £316,000 • a net turnover of no more than £632,000 • 10 (or … Continued
New guidance for businesses on securing bank finance has been released by two leading membership organisations from the business and banking sectors. The Federation of Small Businesses (FSB) and the British Bankers’ Association (BBA) joined forces as part of Small Business Advice Week 2013, which ran from 2-8 September. The top five tips are: 1. … Continued
The NMW rates will increase from 1 October 2013: • the adult rate (21 years plus) will increase by 12p to £6.31 an hour • the 18-20 year old rate will increase by 5p to £5.03 an hour • the 16-17 year old rate will increase by 4p to £3.72 an hour • the apprentice … Continued
As of 1 September 2013, employees can choose a new employment status allows them to waive certain employment rights in exchange for shares in their employer’s company. Employees cannot be forced into ‘shareholder’ status and they must be given – rather than purchase – a minimum of £2,000 worth of shares in their employer’s company. … Continued
Here’s a summary of some changes that may affect you and your business, that are due to come into force in October 2013. However, at the time of writing, they are still subject to Parliamentary procedure: Directors’ remuneration reports Company directors will be required to disclose and communicate key information regarding their pay to shareholders. … Continued
According to recent Department for Business, Innovation and Skills (BIS) surveys the majority of apprenticeships provide benefits to apprentices and business. Eight out of ten (83%) apprentices said their apprenticeship improved their ability to do their job and boosted career prospects. In a separate survey, 72% of employers said apprenticeships improved their product or service … Continued
More than half of the UK’s small businesses now operate from home, according to research from Direct Line for Business (DL4B). The 2.5 million home business owners account for 52 per cent of all small businesses and eight per cent of the total UK workforce. DL4B’s analysis of data from the Office for National Statistics … Continued
As from 29 July 2013, individuals who want to take a claim to an employment tribunal will have to pay fees under new legislation now in place across the UK. Employees will now: pay between £160 to £250 to lodge a claim pay a charge of £230 to £950 if the case goes ahead to … 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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