Business news and opinion from Evans Weir | Page 13

The world of bookkeeping has changed significantly over the last few years, leading many to ask the question, how should I manage my bookkeeping?

How can I diversify my business is a common question asked by directors, shareholders and business owners for a range of different reasons. It may be the next step on the growth strategy or it may be about balancing risk and in the same way as there are a lot of drivers to diversification, there […]

In the first of a series of question led blog posts, we consider the sometimes-thorny subject of how to change your accountant. Whether its price, quality of work, changing requirements or the odd dispute that causes you to look at changing your accountant, the fact is business owners are now far more willing to move […]

The Government is working on new legislation to try and stop company Directors using dissolution through strike off as a means of avoiding repayment of liabilities – notably government-backed funding, such as CBILS or Bounce Back Loans. The new law which has had its first reading in Parliament, looks set to become law later this […]

As businesses of all sizes seek to recover from the Covid pandemic, research suggests that SMEs in particular need help to market their products and services. In a survey of 500 small business owners, almost half (42%) said that they were not clear on how to market their firm and specifically lacked knowledge and skills […]

HMRC has announced that self-assessment tax returns for the 2020/21 tax year will contain a question relating to pandemic support as it seeks to recover incorrectly claimed monies. If you are required to complete a self-assessment tax return then you will recently have received a notice reminding you to complete your return for the tax […]

With the latest stage of lockdown restrictions being eased, economists and forecasters are predicting UK consumer spending will help to boost the recovery. The backdrop to the prediction is the record level of personal savings that UK households have squirrelled away during the pandemic. With opportunities to spend restricted, records have been set and broken […]

People working from home are being warned about the risk of invalidating their home insurance. With the stay-at-home order issued in March 2020, two subsequent national lockdowns and government guidance still recommending people work from home wherever possible, the number of people making adaptations to residential properties to create a long-term workspace is on the […]

Reports show an increase in the number of co-operatives having been established in 2020/21 as businesses search for recovery solutions. Faced with cancelled orders, falling sales and a lack of wholesale trade opportunities, hundreds of smaller enterprises were staring down a bleak future when the Covid pandemic took hold in Spring 2020. Whilst many took […]

The long-term ambition of Making Tax Digital is to simplify that tax system, speed up calculation and collection and also close loopholes that are estimated to cost the treasury up to £31bn a year in unpaid taxes. Whilst its phased rollout has been subject to delays and changes due to Covid and Brexit, Chancellor Rishi […]

The current rules around the treatment of second home ownership from a rates and relief perspective are set to be tightened if new proposals set forward by the Government take effect. Minimum Letting Requirement At present a second/holiday home can be registered for business rates if it is intended to be used as a holiday […]

The latest set of quarterly reports from the Government and Office for National Statistics (ONS) have once again highlighted the rather topsy-turvy nature of the UK economy at present.