tag:blogger.com,1999:blog-35352135265002228372023-06-20T14:04:40.561+01:00Bourner BullockBourner Bullock is a well-established firm of Chartered Accountants with over 125 years of experience, based in the West End of London.Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.comBlogger554125tag:blogger.com,1999:blog-3535213526500222837.post-87430598219100153772015-05-22T11:52:00.001+01:002015-05-22T11:52:52.046+01:00New Partner - Viraj MehtaBourner Bullock are pleased to announce that Viraj Mehta will become Tax Partner at Bourner Bullock with effect from 1 June 2015 <a href="http://www.bournerbullock.co.uk/company-news">Read more on our website</a><br />
<br />Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-9058689745732048272015-05-01T15:30:00.006+01:002015-05-01T15:30:55.330+01:00Retirees breaking inheritance traditions<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Traditional ways of passing on inheritance could be 'dying out', a report by HSBC has suggested. Click here.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-39413542812635494522015-05-01T15:30:00.002+01:002015-05-01T15:30:11.839+01:00IFS criticises main parties' tax plans<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">There is a lack a coherent strategy across the taxation plans of the main political parties that would further complicate the tax system, the Institute for Fiscal Studies (IFS) has said. Click <a href="http://www.bournerbullock.co.uk/news-item/ifs-criticises-main-parties-taxation-plans?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-18686827656508860302015-04-29T15:52:00.002+01:002015-04-29T15:52:58.836+01:00Devolution popular among English businesses<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">More than 4 in 10 businesses in England are in favour of greater devolution of decision making to the local level, according to a survey by the British Chambers of Commerce (BCC). Click <a href="http://www.bournerbullock.co.uk/news-item/devolution-popular-among-english-businesses?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-42694208787956958132015-04-28T15:09:00.002+01:002015-04-28T15:09:29.819+01:00Mortgage applicants change spending habits<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Prospective homeowners are changing their spending habits in order to make their mortgage applications more successful, research by MoneySuperMarket has found. Click <a href="http://www.bournerbullock.co.uk/news-item/mortgage-applicants-change-spending-habits?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-74423012289073100022015-04-27T12:07:00.000+01:002015-04-27T12:07:01.401+01:00Medium-sized business owners plan exit strategies<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">A third of medium-sized business owners are planning to sell their business, a report by law firm Mills & Reeve has found. Click <a href="http://www.bournerbullock.co.uk/news-item/medium-sized-business-owners-plan-exit-strategies?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-87247081406964001112015-04-24T15:33:00.003+01:002015-04-24T15:33:57.397+01:00Annuity rates hit record low<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Average rates of standard annuities have fallen to a record low just 3 weeks after the government's pension reforms were introduced, research by Investment Life & Pensions Moneyfacts has found. Click <a href="http://www.bournerbullock.co.uk/news-item/annuity-rates-hit-record-low?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-47519202122684017062015-04-23T16:33:00.002+01:002015-04-23T16:33:18.678+01:00SMEs risk breaking insurance law<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Many SMEs misunderstand their legal insurance obligations and risk breaking the law, a survey by Aviva has found. Click <a href="http://www.bournerbullock.co.uk/news-item/smes-risk-breaking-insurance-law?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-81446872387438179622015-04-23T16:32:00.002+01:002015-04-23T16:32:42.908+01:00Young people not saving for retirement<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">More than half of 18-35 year-olds haven't started saving for retirement, research by NOW: Pensions has shown. Click <a href="http://www.bournerbullock.co.uk/news-item/young-people-not-saving-retirement?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-89104586939261415752015-04-22T15:22:00.002+01:002015-04-22T15:22:38.413+01:00HMRC underestimates EU VAT impact<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">HMRC miscalculated the number small firms affected by the new EU VAT rules by more than 10,000%, according to a report by Enterprise Nation. Click <a href="http://www.bournerbullock.co.uk/news-item/hmrc-underestimates-eu-vat-impact?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-46596689155842139972015-04-21T15:40:00.002+01:002015-04-21T15:40:31.705+01:00Adults get savings boost living with parents<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Almost three quarters of parents still have children aged over 18 living with them, according to research by TopCashback. Click <a href="http://www.bournerbullock.co.uk/news-item/adults-get-savings-boost-living-parents?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-18127191530786479732015-04-20T15:08:00.002+01:002015-04-20T15:08:37.096+01:00Freelance earnings outstrip employee salaries<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Freelancers' average earnings have outperformed the average employee salary so far this year, according to the Association of Independent Professionals and the Self Employed (IPSE). Click <a href="http://www.bournerbullock.co.uk/news-item/freelance-earnings-outstrip-employee-salaries?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-58659587945759980032015-04-17T17:24:00.005+01:002015-04-17T17:24:59.245+01:00Divorcees face reduced retirement income<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Divorcees planning to retire in 2015 can expect to have an average of £2,100 less a year from their expected retirement income than those that stay married, research by Prudential suggests. Click <a href="http://www.bournerbullock.co.uk/news-item/divorcees-face-reduced-retirement-income?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-83661077115459306242015-04-17T17:24:00.002+01:002015-04-17T17:24:23.332+01:00Employers see benefits of corporate volunteering<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Half of all employers allow their staff to participate in voluntary activities in order to develop their skills, according to a report by the Chartered Institute of Skills and Development (CIPD). Click <a href="http://www.bournerbullock.co.uk/news-item/employers-see-benefits-corporate-volunteering?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-84282936702235983262015-04-16T17:03:00.002+01:002015-04-16T17:03:56.743+01:00Household bills continue to rise above inflation<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Household bills have risen by more than double the rate of inflation over the past decade, according to research by Santander. Click <a href="http://www.bournerbullock.co.uk/news-item/household-bills-continue-rise-above-inflation?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-11502323666034644432015-04-15T14:34:00.002+01:002015-04-15T14:34:28.358+01:00Inflation rate remains at zero in March<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">The UK inflation rate remained at 0% in March 2015, according to official figures. Click </span><span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;"><a href="http://www.bournerbullock.co.uk/news-item/inflation-rate-remains-zero-march?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-8790134984211279372015-04-15T14:33:00.002+01:002015-04-15T14:33:47.838+01:00Pensioners at risk from scammers<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Fraudulent pension schemes, employer impersonation and fake financial advice are some of the tactics used to defraud pensioners, according to Citizens Advice. Click <a href="http://www.bournerbullock.co.uk/news-item/pensioners-risk-scammers?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-36734397886127897242015-04-14T12:39:00.003+01:002015-04-14T12:39:44.639+01:00Auto-enrolment exemptions introduced<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Employers will not have to auto-enrol employees in certain circumstances because of changes to government legislation. Click <a href="http://www.bournerbullock.co.uk/news-item/auto-enrolment-exemptions-introduced?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-9987588329114097632015-04-14T12:38:00.002+01:002015-04-14T12:38:39.130+01:00Upcoming election reveals credit rating risks<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Young people across the country are harming their credit rating by not registering to vote in the upcoming election, a study by uSwitch.com has found. Click <a href="http://www.bournerbullock.co.uk/news-item/upcoming-election-reveals-credit-rating-risks?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-78034852586633913582015-04-14T12:37:00.002+01:002015-04-14T12:37:27.926+01:00Businesses hold back on capital investment<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Almost two thirds of UK businesses generated a cash surplus this year, according to research by the Institute of Chartered Accountants in England and Wales (ICAEW). Click <a href="http://www.bournerbullock.co.uk/news-item/businesses-hold-back-capital-investment?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-2948821537489849812015-04-14T12:36:00.002+01:002015-04-14T12:36:32.604+01:00Consumers reveal concerns about pension freedoms<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Consumers are concerned about the potential risks of taking their pension as cash, a survey by the National Association of Pension Funds (NAPF) has shown. Click <a href="http://www.bournerbullock.co.uk/news-item/consumers-reveal-concerns-about-pension-freedoms?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-4499080398587365712015-04-10T15:57:00.002+01:002015-04-10T15:57:34.148+01:00Auto-enrolment could slow business growth<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">Auto-enrolment costs could stall the growth of small and micro businesses, according to a survey commissioned by Enrolsme. Click <a href="http://www.bournerbullock.co.uk/news-item/auto-enrolment-could-slow-business-growth?utm_source=twitterfeed&utm_medium=facebook">here</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-72695855702027141232015-04-10T15:56:00.006+01:002015-04-10T15:56:58.256+01:00Shared parental leave changes give more flexibility<span style="background-color: white; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px;">New rules regarding shared parental leave have come into effect, allowing parents and adopters more flexibility in how they care for their child during its first year of life. Read <a href="http://www.bournerbullock.co.uk/news-item/shared-parental-leave-changes-give-more-flexibility?utm_source=twitterfeed&utm_medium=facebook">more</a>.</span>Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-25460532449690431562015-04-10T15:56:00.003+01:002015-04-10T15:56:24.402+01:00Pension changes come into effect<div style="background-color: white; box-sizing: border-box; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 600; line-height: 20px; margin-bottom: 10px;">
Rules on how savers can access their defined contribution pensions from age 55 have changed.</div>
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The new rules are designed to give savers greater freedom and flexibility over how they access their pension savings.</div>
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The main changes from 6 April 2015 are:</div>
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Lump sum payments</h3>
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Savers can access up to 25% of their pension pot tax-free. This money can be taken as a one-off payment or in multiple amounts.</div>
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Flexi-access drawdown</h3>
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There are now no rules of how much you can take from a drawdown fund each year. All drawdown payments are taxed as income.</div>
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Capped drawdown</h3>
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No new capped drawdown or flexible drawdown funds can be set up from 6 April. Savers already in capped drawdown schemes can continue with their arrangement or convert their fund into a flexi-access drawdown fund.</div>
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Dr Yvonne Braun, director of long term savings strategy at the Association of British Insurers, said:</div>
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"Don't panic, don't rush and don't be tempted to dash for the cash without carefully considering your options.</div>
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"With the new pensions freedoms and flexibility comes responsibility, so the only sensible advice is to contact the free, impartial Pension Wise service who can explain what the changes could mean for you, and your options."</div>
Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0tag:blogger.com,1999:blog-3535213526500222837.post-35589747783334410692015-04-10T15:56:00.001+01:002015-04-10T15:56:02.114+01:00Tax changes from 6 April<div style="background-color: white; box-sizing: border-box; color: #6d6d6d; font-family: 'Open Sans', sans-serif, Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 600; line-height: 20px; margin-bottom: 10px;">
The start of the new tax year on 6 April saw new tax and regulatory changes come into effect. <br style="box-sizing: border-box;" />Here are the headline measures affecting businesses and individuals:</div>
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Personal allowance</h3>
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The income tax personal allowance will rise from £10,000 to £10,600. The personal allowance will continue increasing incrementally until it reaches £11,000 in 2017/18.</div>
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Marriage Allowance</h3>
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From 6 April, spouses and civil partners will be able to transfer up to £1,060 of their personal allowance to their partner. More than 4 million eligible married couples and 15,000 civil partners will be able to save £212 a year.</div>
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Savings tax</h3>
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As announced during Budget 2014, the interest tax on savings up to £5,000 will be abolished. This will mean that from 6 April, people earning less than £15,600 each year will no longer have to pay the 10% tax.</div>
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The government estimates that this will remove tax on savings for 1.5 million people.</div>
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Tax on inherited pensions</h3>
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The 55% tax charge on inherited pensions will be abolished meaning that unused pension contributions can be passed to the beneficiary free of tax.</div>
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National insurance</h3>
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National insurance contributions (NICs) for under-21s will no longer be mandatory. Employers hiring care and support workers can claim NIC deductions of up to £2,000.</div>
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ISAs</h3>
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The annual ISA allowance will increase from £15,000 to £15,240 and the threshold for Junior ISAs and child trust funds will rise from £4,000 to £4,080.</div>
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Capital gains tax</h3>
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The CGT annual exemption is rising from £11,000 to £11,100.</div>
Bourner Bullockhttp://www.blogger.com/profile/09767094877275412058noreply@blogger.com0