A study conducted by a national bank in the south east found that the average SME is owed on average £109,940 by customers. This is a worrying figure as statistics show that this is an increase of 139% since 2014. Failure to receive payments in a timely manner can have significant effects on cash flow […]
Make sure you are prepared for the tax changes… Many of you will have returned from the Christmas and New Year break with a fresh set of plans for how to grow the business in the year ahead. One significant consideration to throw into the pot is the forthcoming change to dividends and the introduction […]
Not only are we proud to support our clients through the accounting and financial advice services we offer, but also by promoting the inspiring work they do. Animal Care in Egypt, ACE, is a small charity in Luxor that provides free veterinary care for thousands of vulnerable working animals. 15 years ago, ACE was founded […]
Many small businesses have welcomed the announcement by HMRC that it intends to move away from automatic penalties for tax to a less rigid approach. As part of the drive, a “more proportionate approach” will be taken when small employers miss PAYE filing deadlines. This announcement follows on the back of HMRC accepting “reasonable excuses” […]
From the start of the next financial year (6 April 2016) the state pension will transform into a flat rate structure. This is a significant change, affecting everyone who reaches state pension age on or after the said date. The new rules require at least 10 years of full contributions for any of the flat […]
In 2014 the rules around provision of certain legal services changed… The body that oversees accountancy practices, the Institute of Chartered Accountants in England and Wales (ICAEW) became a regulator and licensing authority, meaning consumers looking for probate services are now able to use appropriately qualified ICAEW Chartered Accountants as an alternative to traditional providers. […]
What Can We Look Forward To in 2015? It has taken me a few weeks to sit down and pen my thoughts for the 2015 changes as like many of you have voiced in recent days, I too started the New Year with that feeling of ‘here we go again’. For those in the accountancy […]
A statement for the people Tony Jadzevics, Director at Evans Weir gives his thoughts on the 2014 Autumn Statement. This year you will notice that our autumn statement round up has come out a little later than others. The reason for this is because we wanted to spend some time going through the fine detail […]
Draft legislation surrounding the pensions bill changes announced in the April 2014 budget has now been published. The Taxation of Pensions Bill states that from April 2015, there will be the option to take multiple lump sums from a pot without having to open a drawdown account. 25% of each lump sum will be tax-free […]
We are delighted to announce that we have signed a strategic partnership with Kashflow bookkeeping software – the application that is revolutionising the SME market. As we noted last month, we have been looking at numerous options to find the package that is best suited to our diverse client base and we believe that Kashflow […]
Several recent reports that consider the SME business finance market have thrown up a mixed bag of results, suggesting the environment is still less than favourable for seeking additional funding. The reports and surveys run by venture capital firm Albion Ventures and YouGov (on behalf of Simply Business) turned up an array of different messages […]
We know, we know… .. you have got enough to think about running a business, but it is worth knowing that in just 12 months our first payroll clients will have arrived at their ‘staging date’ – the point at which they have to be up and running with auto enrolment. We have been working […]