Business news and opinion from Evans Weir

Businesses that fall behind with their tax could eventually find HMRC taking monthly payments directly from their bank accounts under new government proposals. HMRC is considering introducing an automated system to recover lower-value tax debts from businesses and individuals who repeatedly fail to engage with it. For businesses, debts of up to £10,000 could potentially […]

HMRC is preparing to make greater use of information supplied by banks, payment providers and other third parties. Under new requirements due to take effect from April 2028, merchant acquirers and payment facilitators will have to collect, verify and report more consistent information about card sales. HMRC intends to use this information to match payments […]

HMRC has published new guidance warning workers and businesses about payslip fraud and organised labour fraud. Payslip fraud happens when a worker receives a payslip showing that Income Tax or National Insurance has been deducted, but those amounts have not been paid to HMRC. A similar problem can occur when a Construction Industry Scheme (CIS) […]

HMRC has announced that it will start taking action on taxpayers who haven’t yet signed up to Making Tax Digital (MTD) for Income Tax. From September 2026, HMRC plans to begin automatically signing up taxpayers it believes should have been using MTD since April. For sole traders, landlords and other small business owners affected by […]

With Making Tax Digital (MTD) for Income Tax coming into play for many sole traders, new research suggests it’s having an effect not just on accounting. In fact some businesses are considering whether it’s sensible to restructure to better manage the changes. A recent survey by Taxfix found that almost one in four sole traders […]

Running a small or medium sized business means there are a number of priorities to juggle. Between looking after customers, managing staff and keeping day-to-day operations moving, it can be difficult to find the time to review the bigger financial picture. The summer can be a useful opportunity to review how your business is performing, […]

We’re delighted to welcome Stephanie Hall back to the Evans Weir team. Stephanie first joined Evans Weir in December 2019, beginning her career in accountancy after graduating with a degree in Fashion Management and Marketing. While her university studies took her in one direction, she soon realised her passion lay in helping businesses understand their […]

If you’re a small business owner running a limited company, one of the key steps you’re likely to consider is how to pay yourself in the most tax-efficient way. Typically directors can choose between taking a salary, dividends, or a combination of both. There is no single, right answer – as ever the best approach […]

The way small companies file their annual accounts is set to change from April 2028. To follow is an overview of what’s coming and what it could mean for your business. Profit and loss accounts – what’s changing? One of the biggest changes is that small companies will need to file profit and loss accounts […]

As a local accountant, we’ve always believed that supporting our local community is just as important as supporting our clients. So we’re very proud to have played a small part in bringing a fantastic new sporting facility to Chichester. For many years, we’ve enjoyed a close relationship with Chichester Runners & AC. For over 30 […]

Payroll is in the spotlight again with new legislative changes affecting employers. From Statutory Sick Pay reforms and new student loan repayment plans to upcoming changes in the reporting of employee benefits, it’s vital to check that payroll processes are fit for purpose. Payroll is often viewed as an admin function. Yet it plays a […]

If your employees travel between different sites, work on client premises, split their time between offices, or regularly work from temporary locations, it’s important to understand how HMRC treats travel expenses and benefits. Many SME owners assume that any work-related travel can be reimbursed tax-free. As ever, the rules are more complex. The distinction between […]