May 5 2020 How we’ve been supporting our clients, Ideal Vending and Coffee Company Ltd Categories: COVID-19EQ News At EQ, we have spent the last few weeks supporting our clients through these turbulent times whilst we, like most other businesses, settle into working from home. We have ensured that our clients continue to be our priority, and that we remain in constant contact to provide relevant advice and support, every step of the more
May 1 2020 Updated guidance on the CJRS for early years providers Categories: COVID-19Healthcare On Friday 17 April, the UK Government provided updated guidance on the Coronavirus Job Retention Scheme (CJRS) for early years providers in England however as the CJRS is a UK-wide scheme, this will also impact providers in Scotland. The Scottish Government is currently seeking further clarification from the UK Government on aspects of this guidance, however more
May 1 2020 Helping our clients secure additional funding Categories: COVID-19 Since the impact of COVID-19 began, our client service teams have been working flat out to ensure that our clients are among the first movers in securing the funding necessary to ensure their future. At EQ, we estimate to have assisted over 250 clients in securing the Business Support Grants from local councils, we are more
Apr 30 2020 Law Society of Scotland announce £2.2m financial support for Scottish solicitors Categories: COVID-19Professions In response to many in the solicitor profession feeling the financial impact of COVID-19, the Law Society of Scotland yesterday announced a £2.2 million financial support package for Scottish solicitors. The professional body’s governing council has agreed that for the 2020/21 practice year: the practicing certificate (PC) fee for every solicitor will be reduced by 20%, more
Apr 29 2020 Improving cashflow for the construction sector – VAT Categories: COVID-19Property & ConstructionTaxation During the COVID-19 pandemic, the inability to work on site is having a massive cashflow implication for all businesses in the construction sector. As discussed in our previous article, Research & Development (R&D) tax credits can increase cash inflow however there are also various VAT relief options. The Governments VAT deferral scheme supports those affected by the COVID-19 pandemic by more
Apr 28 2020 Bounce Back Loans for small businesses Categories: COVID-19 On Monday 27 April, Chancellor, Rishi Sunak announced a new Bounce Back Loan Scheme (BBLS), aimed at small businesses who have been unable to access other funding and need the vital cash flow injection. These loans will be fast-tracked, meaning businesses will be able to apply for loans of £2,000 to £50,000 and access the more
Apr 28 2020 How we’ve been supporting our clients, Denvir Marketing Categories: COVID-19EQ AccountingEQ News At EQ, we have spent the last month supporting our clients through these turbulent times whilst we, like most other businesses, settle into working from home. We have ensured that our clients continue to be our priority, and that we remain in constant contact to provide relevant advice and support, every step of the way. One more
Apr 23 2020 The Future Fund pledges support to innovative businesses Categories: COVID-19Engineering & Manufacturing On 20 April 2020, the UK Government announced a Future Fund to help innovative and dynamic companies, including engineering and manufacturing businesses, which have found it difficult to access other Government support packages, such as the Coronavirus Business Interruption Loan Scheme (CBILS). As we detailed in our previous article, the current proposals indicate that matched more