Category: Tax

To find out more information please follow this link How to Hold a Buy to let Property

Domicile and residence can each have a significant impact on how much UK tax you must pay, or indeed if you must pay UK tax at all. Both terms are used for tax purposes and have little to do with citizenship or nationality. A guide to the differences between residence and domicile for tax purposes … Continued

As an employer, you may often be willing to lend company money to a director or employee. This could be to help them pay for a season ticket to commute to work, to help an employee relocate to a new area, or to help a valued employee get over a financial difficulty. There are, however, … Continued

From October 2014, around 24 million people will receive a personal tax statement from HMRC detailing how their taxes were spent, the Chancellor George Osborne has announced. This is 4 million more people than was originally announced at the Budget 2012. The additional people are PAYE taxpayers who have had recent contact from HMRC setting … Continued

The Second Incomes Campaign gives you the chance to bring your tax affairs up to date if you’re employed and have additional income that’s not taxed. You can take this opportunity if: you’re an employee you’re resident in the UK you have additional income from working for yourself A second income could come from: consultancy  … Continued

With some experiencing difficulty in obtaining bank loans, SMEs are increasingly turning to Crowdfunding investment platforms to access growth capital. What is Crowdfunding? Crowdfunding is a way of raising finance by asking a large number of people each for a small amount of money. Typically, those seeking funds will set up a profile of their … Continued

Millions of people over 60 could get a £1,500 windfall from the Treasury because of an extraordinary loophole in the new pension laws. Changes in the recent Budget, allow pensioners to cash in small pension pots worth up to £10,000. Pensions experts have said that those able to access £8,000 cash could exploit the loophole … Continued

To download our tax cards for 2014/15 please follow this link BWM Tax Cards 2014-15

The introduction of changes to the taxation of limited liability partnerships will go ahead on 6 April 2014 despite calls for a 12 months’ delay to enable firms affected an opportunity to adjust. Under the draft proposals, partners have to satisfy one of three tests in order to maintain their status: Ensure at least a … Continued

To download our comprehensive summary of this week’s budget please follow this link BWM 2014 Budget Report