Aug 18 2020 Registered businesses can now make claims through the Eat Out to Help Out scheme Categories: COVID-19Food & DrinkLeisure Businesses that have registered for the Eat Out to Help Out scheme, as per our previous article, can now make a claim for the discounts given to diners on a weekly basis. HMRC said that the scheme, that gives diners a 50% discount, up to £10 per person on Mondays to Wednesdays between 3 and more
Aug 13 2020 How we’ve been supporting our clients, Happy Days Nursery Categories: COVID-19Healthcare At EQ, our clients are our priority and we remain in constant contact, offering relevant advice and support every step of the way. One of those clients is Happy Days Nursery, a family run children’s nursery in Dundee owned by sisters, Debbie Clark and Paula Williamson, that allows children to explore, discover and ‘think big’, without more
Aug 10 2020 What you need to know about the Job Retention Bonus Categories: COVID-19EQ Accounting Announced by the Chancellor in the summer statement, the Job Retention Bonus aims to reward employers who successfully bring back furloughed employees and keep them in meaningful employment after the Coronavirus Job Retention Scheme (CJRS) ends on 31 October 2020. Employers will be able to claim a one-off payment of £1,000 for every eligible furloughed more
Aug 5 2020 Bigger and Better Categories: Corporate FinanceCOVID-19 If the coronavirus pandemic has taught us anything, it is that we should accept that change is the only constant in business life. Many businesses will be battered and bruised as they limp out of their economic slumbers but the question for all will be “what next?”. After discussions with many of our entrepreneurial clients, more
Aug 3 2020 Financing for the future Categories: Corporate FinanceCOVID-19 The Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBL) were introduced by the Government to support businesses through the COVID-19 crisis. The low rates of borrowing on the schemes and ease of access to the funding has resulted in large numbers of businesses accessing the money for a variety of reasons. more
Jul 31 2020 Cash is King – steps to take to preserve your cashflow Categories: Corporate FinanceCOVID-19 As we come out of lockdown, businesses may need more working capital available to get back up and running. Coupled with holiday periods for loan and rental payments coming to an end, the pressure on cashflow will be huge. Businesses need to take control to preserve their cash and should consider the following: Debtor Control more
Jul 30 2020 £14m Hotel Recovery Programme offers support for larger hotel businesses Categories: COVID-19Leisure The tourism sector continues to feel the impact of the COVID-19 pandemic, with hotel occupancy levels of many businesses across the country below the daily overheads of sustaining a business. To support some of Scotland’s larger hotels, the Scottish Government yesterday (Wednesday 29 July) announced a new £14m Hotel Recovery Programme which will allow eligible businesses to more
Jul 29 2020 New £1m grant scheme announced for self-catering businesses Categories: COVID-19Leisure Throughout lockdown, the Association of Scotland’s Self-Caterers (ASSC) has been engaged in various discussions with the Scottish Government to provide ongoing financial support for self-catering businesses in Scotland. ASSC, in partnership with VisitScotland, has today announced a new £1 million grant for self-catering businesses who have not received any other Scottish Government COVID-19 support. Businesses more