Jul 29 2020 Overview of upcoming changes to CJRS Categories: COVID-19EQ AccountingPayroll As we mentioned in our previous article, CJRS closed to new entrants on 30 June and flexible furlough was introduced in July. Now, further changes are about to come into force as the Government begin to taper away their contributions from August onwards. Our dedicated payroll team have been advising our clients on what the more
Jun 18 2020 Coronavirus Job Retention Scheme – Flexible Furlough from 1 July Categories: COVID-19EQ AccountingPayroll As announced on Friday 29 May, flexible furlough, allowing furloughed employees to come back to work part time, will begin from 1 July. HMRC issued in-depth guidance on how the scheme will change from July and we’ve highlighted the main points you need to be aware of in order to make claims moving forward. As more
May 26 2020 The Coronavirus Statutory Sick Pay Rebate Scheme is now live Categories: COVID-19EQ AccountingPayroll The Coronavirus Statutory Sick Pay Rebate Scheme, which repays employers the Statutory Sick Pay (SSP) paid to current or former employees who have been off sick as a result of COVID-19, is now live on the Gov website. You are eligible to use the scheme as an employer if: you’re claiming for an employee who’s eligible more
May 12 2020 The tremendous efforts of our Payroll team Categories: COVID-19EQ AccountingPayroll We want to take the time to publicly applaud the enormous efforts applied by our dedicated payroll department as they support our clients through the ever-changing landscape of the ongoing pandemic. Along with the usual payroll calculations and processing, done remotely in April while the whole team works from home, our colleagues have worked hard more
Apr 10 2020 Payroll – it has never been more important Categories: COVID-19EQ AccountingPayroll Our specialist payroll team, part of our EQ Accounting department, is currently putting the final procedures in place in order to ensure that we are able to process our clients’ furloughed staff reimbursement. As detailed in our previous article, we understand that HMRC’s portal will be operational from 20 April with payments expected to be made more
Apr 9 2020 Coronavirus Job Retention Scheme (CJRS) Update Categories: COVID-19EQ AccountingPayroll HMRC have been working urgently to set up an online portal for businesses to access the CJRS which provides an employer a grant of 80% of employees’ wages (up to £2,500 per month) for those that have been furloughed (been put on temporary leave). We highlighted the key facts and steps that had to be more
Feb 27 2020 National Minimum Wage set to rise by its highest rate since 2016 Categories: EQ AccountingPayroll The National Minimum Wage, also known as National Living Wage (NLW), rates are increasing by 6.2% from 1 April 2020. With the Government confirming that this is the ‘biggest cash increase’ since the NLW was introduced in 2016, employers need to ensure they are paying their employees at least the appropriate rate. You can find more
Oct 11 2019 Working in our EQ Accounting Payroll team Categories: EQ AccountingPayrollPeople At EQ, our EQ 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