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Comments Off on Mayoral Inclusive Growth Fund Grant

Mayoral Inclusive Growth Fund Grant

Mayoral Inclusive Growth Fund Grant

Liverpool City Council (LCC) is offering a short-term grant for organisations across the city, for new* projects, that contribute towards the aims and priorities of the Inclusive Growth Plan. The project must: Tackle an underlying issue in your local community Benefit the wider community and not just support a single user group Make a real long … Continued

Comments Off on Complex Taper Rules Could Lead to ‘Huge’ Tax Bills for High Earners

Complex Taper Rules Could Lead to ‘Huge’ Tax Bills for High Earners

Complex Taper Rules Could Lead to ‘Huge’ Tax Bills for High Earners

High earners could face large tax bills if they fail to declare pension contributions on their 2018/19 tax returns, according to a report. When completing self-assessment, taxpayers are asked if they have put any money into a pension scheme above the annual pensions allowance. For most people, this allowance is £40,000 – but for every … Continued

Comments Off on Advisory Fuel rate for Company Cars from 1 December 2019

Advisory Fuel rate for Company Cars from 1 December 2019

Advisory Fuel rate for Company Cars from 1 December 2019

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 December 2019. Where there has been a change the previous rate is shown in brackets. Engine Size Petrol Diesel LPG 1400cc or less 12p   8p 1600cc or less   9p (10p)   1401cc to 2000cc 14p   9p … Continued

Comments Off on Delay to Controversial Loan Charge Review Leaves Thousands in Limbo

Delay to Controversial Loan Charge Review Leaves Thousands in Limbo

Delay to Controversial Loan Charge Review Leaves Thousands in Limbo

A report into the loan charge may not be published until after the deadline for settling claims with HMRC has passed. Up to 50,000 people whose employers had paid them through loans from offshore trusts dating back to 1999 were warned they could face huge tax bills. They were issued with a 5 April 2019 … Continued

Comments Off on Postpone off-Payroll Extension to the Private Sector Until 2021

Postpone off-Payroll Extension to the Private Sector Until 2021

Postpone off-Payroll Extension to the Private Sector Until 2021

Extending off-payroll rules to the private sector in April 2020 should be delayed by a year, a tax group has said. Chancellor Sajid Javid intended to deliver his first Budget speech on Wednesday 6 November, only for it to be scrapped after a second Brexit extension was granted. In light of that and the subsequent … Continued

Comments Off on Ministry of Justice Finally Abandons Plans to Increase Probate Fees

Ministry of Justice Finally Abandons Plans to Increase Probate Fees

Ministry of Justice Finally Abandons Plans to Increase Probate Fees

Plans to increase probate fees that were due to take effect earlier this year have been abandoned. Families currently pay a flat fee of up to £215 to obtain the grant of probate needed in England and Wales to administer estates worth more than £5,000. That system was due to be replaced on 1 April … Continued

Comments Off on Budget will not take place on 6 November 2019

Budget will not take place on 6 November 2019

Budget will not take place on 6 November 2019

On 25 October 2019 the Chancellor of the Exchequer Sajid Javid wrote to the Treasury Select Committee to confirm that the Budget will not take place on 6 November 2019 as originally planned. You can access the oficial letter here. We will ensure that we keep you informed of any further developments.

Comments Off on Small Employers Risk Losing the Employment Allowance in 2020

Small Employers Risk Losing the Employment Allowance in 2020

Small Employers Risk Losing the Employment Allowance in 2020

Plans to remove the employment allowance for large employers from April 2020 could impact on smaller firms. This allowance provides employers with a reduction to their national insurance contributions (NICs) bill of up to £3,000. Employers that claim the allowance can carry it forward from one tax year to the next, but that will stop … Continued

Comments Off on BWM Charity Autumn Update Seminar – 2 October 2019

BWM Charity Autumn Update Seminar – 2 October 2019

BWM Charity Autumn Update Seminar – 2 October 2019

BWM Chartered Accountants are hosting a Free Charity Autumn Update Seminar on Wednesday 2 October from 9am. Full details are provided here. Timings: 9am to 12noon Venue: The Quaker Meeting House, 22 School Lane, Liverpool City Centre, L1 3BT Complimentary breakfast pastries and drinks will be provided on arrival with a break for refreshments mid-morning. Booking … Continued

Comments Off on BWM are now Elite Members of QuickBooks Online

BWM are now Elite Members of QuickBooks Online

BWM are now Elite Members of QuickBooks Online

BWM are delighted to announce that we are now Elite Members of leading cloud accountancy provider QuickBooks Online. This is the new highest tier! As Elite Members of QuickBooks Online BWM accountants are kept up to date with the latest software developments so that they in turn can help their clients get the most out of … Continued