The VAT Flat Rate scheme can be extremely helpful for businesses with a turnover under £150,000. Moreover, it’s possible to actually generate profit out of the scheme if the flat rate percentage applicable to your sector is particularly favourable. For example, a journalist that pays 12.5% of gross sales as VAT each quarter, doesn’t have […]
Currently, there is a rumour spreading that it’s possible to backdate a dividend to avoid paying the dividend tax that applies from 6 April 2016. Unfortunately, we can confirm this is not true, a dividend simply cannot be backdated. Under current company law the dividend proposal must be voted on by the company’s directors. The […]
On Friday 24th June we awoke to the news that Brexit was a reality and the UK had delivered a somewhat unexpected shock to the western world and decided that it intends to leave the European Union. But should it have been such a shock? – was this not a ‘Black Swan’ moment that we actually […]
Whilst client feedback and timely settlement of our fee invoices is (for the team here) sufficient validation that we continue to meet the needs of our clients and provide a good service at a fair price; you will be pleased to know that as ICAEW (Institute of Chartered Accountants in England and Wales) members we […]
Following the news last month of Jodie’s departure and due to continued growth, we are looking for two new members of the Evans Weir team. If you know of anyone that might fit the bill and would complement our team, please point them in the direction of the job adverts here. AAT QUALIFIED ACCOUNTANT OR […]
This month we say goodbye to Jodie Goodyer as she moves on to a larger firm to further her career. Jodie has been a vital member of the Evans Weir team working as an account technician for 2 years and we want to thank her for all the hard work she has done for us. […]
By the time of our next newsletter we’ll know the result of the EU Referendum. Having discussed the EU referendum with many clients and business partners it has sparked interesting debate. As the dust settles it will be interesting to see if the scaremongers from either side were right with their predictions. This is probably […]
As of 2nd June BHS is being wound down as none of the offers to takeover were deemed acceptable by the administrators. The past owners of BHS have been under severe scrutiny since entering administration, especially regarding the huge pension deficit that has been uncovered. Sir Phillip Green reportedly offloaded BHS for just £1 leaving […]
As of 1st January 2015, a new regulation has come into place where VAT on digital products sold in the EU is chargeable in the place of purchase rather than the place of supply. VAT Mini One Stop Shop (MOSS) has been introduced to stop large corporations diverting sales through low-VAT countries. However, regardless of […]
The auto-enrolment staging date is set to come into effect in the following months and we would like to take the time to remind you that you should be fully aware of when your staging date is as well as the effect this will have on your business. Ensuring that the auto-enrolment procedure is adhered […]
Here at Evans Weir we work with a number of hospitality, tourism and leisure companies. We are always delighted to hear from our clients on their continued success and it’s nice to receive some feedback regarding our involvement in their business. Opening a café is never easy, however, The Honeypot Café in Rustington has gone […]
Changes to the taxation of dividends, announced in the Summer Budget of 2015, will take effect from 6th April 2016 where the 10% tax credit on dividends will be abolished. The proposed changes introduced will directly affect small companies who pay small salaries followed by march larger dividend payments in order to preserve entitlement to […]