Uncategorised Archives - Evans Entwistle Accountants

28 Apr 23

Sponsoring NT Racing this season!

The 2023 motorsports season is under way and we are delighted to announce our sponsorship of Neirin Teifi Evans, junior kart driver for the Daniel Ricciardo Series. Aged just 14, Neirin only started karting in early 2022 and has progressed rapidly to compete nationally with one of the best series in the UK. The first […]

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 […]

13 May 22

Unlocking R&D tax credits

Research and development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation, and can be a valuable cash injection to help propel the business forwards, with £7.4bn being claimed by UK firms in 2020. The relief supports companies that work on innovative projects in science and technology, and […]

27 Apr 22

Now or never to halt the cash crisis

Following the publication of research which shows that almost a quarter of free-to-use ATMs have vanished since 2018, consumer group Which? has stated that it is ‘now or never’ to save cash. The research also found that almost half of the UK’s bank branches have closed since 2015, leaving individuals who rely on cash and […]

17 Mar 22

Basket Case

The “basket of goods” began life in 1947, as a sample of everyday items that could be used to measure changes in the prices of goods and services. This was – and still is – used to help calculate consumer price inflation i.e. the rate at which the prices of goods and services bought by […]

15 Mar 22

Statutory Sick Pay Rebate Scheme closes this week

The Statutory Sick Pay Rebate Scheme (SSPRS) will close on 17 March 2022. The SSPRS is a temporary scheme to support employers facing heightened levels of sickness absence due to COVID-19, refunding small and medium-sized employers’ COVID-related SSP costs. The scheme was reintroduced by the government on 21 December 2021 for employers with fewer than […]

19 Nov 21

A dent in the taxman’s wallet

HMRC saw a drop of almost £30 billion in tax revenues in the latest financial year because of the pandemic, according to its annual accounts. In its 2020/21 annual report, HMRC reported that it had collected £608.8 billion in tax revenues, which is down from £636.7 billion collected in 2019/20. HMRC said the drop was […]

18 Nov 21

Beware the seasonal tax scams

HMRC has warned taxpayers completing their 2020/21 tax returns to ‘be on their guard’ and stay vigilant in regard to tax-related scams. Nearly 800,000 tax scams were reported in the last year, HMRC revealed, stating that fraudsters use self assessment returns to attempt to steal money or personal information from taxpayers – in the past […]

24 Sep 21

In favour of changing the tax year?

Adopting a tax year which is either aligned with the calendar year or with a calendar month-end would have clear benefits, according to a review from the Office of Tax Simplification (OTS). The review considers the high-level implications of moving the tax year end date to 31 December, and a more detailed evaluation of the […]

17 Aug 21

UK economy rebounds as Covid restrictions ease

UK gross domestic product (GDP) is estimated to have increased by 4.8% between April and June 2021 as trading restrictions were eased in the spring months. The latest figures from the Office for National Statistics (ONS) also show that GDP increased across all three months in Q2 2021 at 2.2% in April, 0.6% in May […]

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