Dec 10 2020 Scottish Government announces £185m targeted support package for businesses Categories: COVID-19 Finance Secretary Kate Forbes yesterday (Wednesday 9 December 2020) announced a new £185 million support package which will offer targeted COVID-19 support for businesses across Scotland. Following discussions with various business groups, the support package will benefit a wide range of sectors, from taxi drivers and arts venues to travel agents and hospitality. As part of more
Dec 4 2020 Update on the local construction sector Categories: COVID-19Property & Construction Despite the COVID-19 pandemic, many of our construction clients have been extremely busy over the past six months. With restrictions on our ability to spend our hard-earned money on travel, leisure and hospitality, a significant amount of this spend has switched to the construction sector. Initially COVID-19 forced the closure of the construction sector but more
Dec 1 2020 Supporting our clients, Tayside Forestry Categories: COVID-19Leisure At EQ, our clients continue to be our priority and we work closely with them to ensure we can offer our support and advice. One such client, Tayside Forestry, is one of the UK’s largest Christmas tree growers based at Templeton Farm. The family business is now run by Brian Hughes, son of Gordon Hughes more
Nov 30 2020 VAT Payment Deferral Categories: COVID-19EQ AccountingTaxation As announced by the Chancellor in his Winter Economy Plan, businesses that deferred their VAT payments earlier this year will now have the option to pay in smaller increments over a longer period. Those that deferred VAT due from 20 March to 30 June initially had until 31 March 2021 to fully pay any outstanding more
Nov 17 2020 The importance of getting furlough claims correct – or pay the consequences Categories: COVID-19Healthcare The Coronavirus Job Retention Scheme (CJRS) has been vitally important for virtually all businesses within the Healthcare Sector. The scheme became more flexible from July and after the most recent announcement to extend this scheme, it will continue to 31 March 2021. The ever-changing eligibility will put added pressure on Healthcare payroll staff to ensure more
Nov 10 2020 How we’ve been supporting our clients, Sandy Smith Golf Categories: COVID-19Leisure The leisure industry has been heavily impacted by COVID-19, with many having to close their doors during some of their most lucrative months. At EQ, we have worked closely with our clients to provide relevant support and advice to ensure they are able to welcome back their own customers as soon as it is safe more
Nov 5 2020 Chancellor announces further CJRS extension in his address to the House of Commons Categories: COVID-19 The Chancellor, Rishi Sunak, announced a further extension to the Coronavirus Job Retention Scheme (CJRS) in his address to the House of Commons on 5 November 2020. The Government had extended the CJRS to December earlier in the week but now it has been confirmed that it will remain open until 31 March 2021. Furloughed more
Nov 5 2020 Deadline extended for Government backed loans Categories: COVID-19 Along with the extensions announced for the Coronavirus Job Retention Scheme and the Self Employment Income Support Scheme, the Treasury have also confirmed that they will be extending the deadlines for all government backed loans. These will include the Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), the Bounce Back more