Evans Entwistle News Archives - Evans Entwistle Accountants

26 Apr 23

Cash is (not) King!

Research carried out by banknote production company De La Rue has revealed that the global demand for banknotes is currently at its lowest level in 20 years. De La Rue, which printed paper banknotes and provides polymer for newer banknotes, stated that the demand for physical cash has fallen since the pandemic, with the popularity […]

08 Apr 23

Dedicated CIS contractor rebate service

If you have worked as a contractor over the past 12 months via the CIS scheme, you may be due a rebate. With many years of experience in working with tradesmen, we are experts in preparing and filing self assessment returns and securing rapid rebates, and you can deduct our fees from the monies that […]

22 Mar 23

Rate of inflation jumped to 10.4% in Feb

The UK’s rate of inflation rose unexpectedly in February 2023, data from the Office for National Statistics (ONS) has revealed. Inflation increased to 10.4% in February, up from its rate of 10.1% in January. The ONS said the rise was partly driven by shortages of salad items and vegetables. These shortages helped to push food […]

25 Oct 22

A degree of change

With many Year 13 students currently completing their UCAS applications at this time of year, thoughts inevitably change to how parents will fund their offspring through the university journey. On that note, the Government has announced the largest changes to the student loans system in England since fees were allowed to triple in 2012. Starting […]

21 Oct 22

The business reaction to the Truss resignation

Business groups have reacted to Prime Minister Liz Truss’s resignation on 20 October – and the backlash has been fairly brutal. The Confederation of British Industry (CBI) said that the recent few weeks have ‘undermined the confidence of people, businesses and markets in Britain‘ with Tony Danker, Director General of the CBI, commenting: ‘Stability is […]

08 Oct 22

Call to young people to check their Child Trust Funds

HMRC has reminded young people in their teens and twenties to claim their matured Child Trust Fund (CTF) savings. CTFs are long-term savings accounts set up for every child born between 1 September 2002 and 2 January 2011. To encourage future saving and start the account, the government provided an initial deposit of at least […]

07 Oct 22

VAT registered businesses – are you ready for MTD in November?

HMRC is reminding businesses that they will no longer be able to use their existing VAT online account to submit VAT returns from 1 November. By law, all VAT-registered businesses must now sign up to Making Tax Digital (MTD) and use compatible software to keep their VAT records and file their returns. According to HMRC, […]

29 Aug 22

Clear For Men: A Start Up Story!

One of the best things about working in practice is helping new businesses to start, grow and prosper. In the latest issue if iNsight magazine, we spoke to Louis Watkins, founder of Clear For Men which launched this weekend… Undoubtedly it takes courage, determination, and sheer hard work to start a small business, but in […]

26 Jun 22

Mind the (tax) gap!

The estimated tax gap for the 2020/21 tax year is 5.1% – the second lowest recorded percentage – and is unchanged from the previous year, according to the latest data from HMRC. The annual “Measuring Tax Gaps” publication estimates the difference between the total amount of tax expected to be paid and the total amount […]

07 Jun 22

Lending to small businesses hits all-time low

Lending to small and medium-sized enterprises (SMEs) in the UK is the lowest it has ever been, with fewer than one in ten small businesses applying for finance in the first quarter, according to data from the Federation of Small Businesses (FSB). The FSB’s quarterly Small Business Index also revealed that of those who apply […]

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