HMRC have made this announcement this morning confirming that MTD for VAT is still coming into force from next April for most VAT registered businesses. The introduction of the Making Tax Digital (MTD) service for VAT from April 2019 will be a major step towards HMRC’s ambition to become one of the world’s most digitally … Continued
Leading tax bodies have joined the House of Lords in calls to delay the introduction of Making Tax Digital (MTD) for all taxes, less than three months before it’s due to come into force for VAT. MTD is finally due to commence on 1 April 2019 for VAT-registered businesses with an annual taxable turnover of … Continued
Those thinking about making gifts at Christmas should take advantage of the various inheritance tax (IHT) exemptions and reliefs available to them. Note that certain gifts can also have capital gains tax (CGT) implications. The IHT annual exemption – use it or lose it! Although not particularly generous at £3,000 per donor per annum if … Continued
Small retail businesses in England will see a reduction to their business rates, as announced in Budget 2018. Business rates will be reduced by a third for many retail properties with a rateable value below £51,000 for two years from April 2019, subject to state aid limits. The Chancellor said this will mean “an annual … Continued
Contractors could face a higher tax bill from April 2020 when reforms to IR35 legislation are set to take effect in the private sector. This is expected to raise more than £3 billion between 2020 and 2024, as self-employed individuals who fall within the rules, and the businesses engaging them, will face a higher tax … Continued
Two student enterprises have been named as the winners of The Liverpool Start-up Competition, each receiving a £5,000 cash prize. Laura Hitchcock, BA Chinese with Business student, and Lukas Batak, BA International Business student, were both crowned winners for their start-up ideas. They competed against four other teams at a live final at The Shankly … Continued
New guidance was published on 12 November 2018 regarding how to change a charity’s accounting reference date (or accounting year end as it it’s more commonly known). The guidance differentiates between Rules for charities that are not companies and Rules for charities that are companies Rules for charities that are not companies If your charity … Continued
Liverpool City Council is now accepting applications from Liverpool-based, constituted not-for-profit organisations for Community Resource Grant funding for 2019/20. £625,000 is available for organisations who can help us deliver the Inclusive Growth Plan. £100,000 is available for organisations who can help increase the capacity of Liverpool’s charity and voluntary sector. The closing date is 12 … Continued
HMRC are writing to around 380,000 businesses over the next two weeks to let them know about MTD for VAT and to advise that single companies, who have annual turnover of £85,000 or more, are now eligible to join the MTD pilot and can start submitting VAT returns under MTD before it become compulsory from … Continued
At a time of political and economic uncertainty, the announcement of several substantial measures in the Budget on 29 October 2018 came as a surprise for many businesses. In fact, the Budget was met with an overall positive reception from industry groups, with the FSB calling it the Chancellor’s “first small-business-friendly Budget”. A range of … Continued
The Easter Bunny has come early!🐣Chocolate inspired pay day treat for all our lovely staff 🍫 🐇
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🎄Merry Christmas🎄
The BWM office will be closed over the Christmas period from close of business on Friday 23 December 2022 at 12pm until 9am on Tuesday 3 January 2023.
Tempest Suite 5.1, 12 Tithebarn Street,
Liverpool, L2 2DT
Phone: 0151 236 1494
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