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Filtered By Category: Services

Nov 22 2019

The rise of contactless payments

Categories: Food & DrinkTaxation

Contactless payments are becoming increasingly popular, especially in the food and drink industry, where it is estimated that half of all debit card transactions are contactless. In the UK, contactless payments on debit and credit cards have a maximum limit of £30 however mobile payment methods, such as Apple Pay and Google Pay, are better more

Nov 20 2019

Capital allowances on commercial properties

Categories: Property & ConstructionTaxation

Within commercial properties there are a number of items that might qualify for favourable tax relief. In relation to property construction, capital allowances may be available to a taxpayer on certain capital expenditure, regardless of age, specification or interest held. Capital allowances reduce the amount of tax paid by either an Income or a Corporation Tax more

Nov 14 2019

The ongoing review of auto-enrolment

Categories: Amber AccountingHealthcare

As mentioned in our previous article, auto-enrolment (AE) was introduced to help people save for later life through a pension scheme at work. Although all eligible workers should now be enrolled in their employer’s workplace pension scheme, it is the continued responsibility of employers to constantly monitor the information to avoid any potential fallouts. Here are more

Nov 5 2019

Due diligence on the sale of your business

Categories: Corporate Finance

For every sale of a business, there will be a due diligence process – essentially a ‘health check’ of your business to ensure that there are no surprises for the buyer. Even before you have found a prospective buyer, you should start to think about what questions they may ask about your business. If you more

Oct 29 2019

Electric Vehicles – a tax efficient employee benefit

Categories: TaxationTechnology

Following on from our previous article which considered the tax implications of purchasing a car for use in your business, we now discuss why it is the optimum time to purchase an Electric Vehicle (EV). According to Auto Express, some of the best EV’s to buy in 2019 include brands such as Tesla, Jaguar, Mercedes more

Oct 16 2019

Helping our clients, James Penman Plant Hire, benefit from the increased AIA limit

Categories: Engineering & ManufacturingTaxation

As mentioned in our previous article, the Annual Investment Allowance (AIA) limit has been increased from £200,000 to £1million and is valid until 31 December 2020, however many businesses aren’t planning on taking advantage of this higher limit, partly, due to a lack of understanding and awareness. The AIA increase provides a great opportunity for businesses to more

Oct 11 2019

Working in our Amber Accounting Payroll team

Categories: Amber AccountingPayrollPeople

At EQ, our Amber Accounting team help you manage the financial and operational side of your business – allowing you to focus on the important day-to-day business activities. Their range of services include bookkeeping, payroll, VAT compliance, management accounting, and, for some clients, the full outsourcing of their financial record-keeping. We are currently looking to expand our more

Sep 17 2019

Advisory fuel rates for company cars

Categories: Taxation

HMRC have published new company car advisory fuel rates, which take effect from 1 September 2019. The previous rates can also continue to be used for up to one month from the date the new rates apply. The rates only apply when you either: reimburse employees for business travel in their company cars or require more