Mar 20 2017 Payroll Year End 2017 Categories: EQ AccountingPayroll With April fast approaching, time should be taken to familiarise yourself with Year End filing procedures and deadlines. HM Revenue & Customs have produced this step-by-step guide to follow. Please follow this link www.gov.uk/payroll-annual-reporting. Our dedicated EQ Accounting department can provide support with adhering to the HM Revenue & Customs requirements. Should you wish to more
Jan 12 2017 Xero Gold Champion Status Categories: EQ AccountingTechnology Our EQ Accounting team have recently been awarded the status of Xero Gold Champion. Scott Kennedy, the Manager of our EQ Team in Forfar commented, “We are finding that business owners are having increasing demands placed on them, be that from the day-to-day business or regulatory pressures from the likes of HMRC. Using innovative systems, more
Nov 25 2016 Apprenticeship Levy Categories: EQ AccountingProperty & Construction From April 2017, all UK employers with annual gross wage bills of more than £3m will have to pay an apprenticeship levy. The levy is aimed at funding an increased uptake of apprenticeships. The rate of the levy will be 0.5% of the employer’s annual wage bill. The UK Government expects to raise up to more
Oct 4 2016 Agricultural Wage Scotland – October 2016 Categories: EQ AccountingPayroll The National Minimum Wage and the Agricultural Wages Order in Scotland have historically been updated with effect from 1 October each year. However, with the introduction of the National Living Wage, which runs on a different calendar cycle, the Government has decided to change the National Minimum Wage timeframe in order to align with the more
Sep 13 2016 National Minimum Wage Rates from 1 October 2016 Categories: EQ AccountingPayrollTechnology In October 2016 the new rates will be:- 21-24 year olds will be £6.95 per hour 18-20 year olds will be £5.55 per hour 16-17 year olds will be £4.00 per hour Apprentices under 19 or 19 or over who are in the first year of apprenticeships will increase by 10p to £3.40 an hour more
Jun 26 2016 Training Grant 2015/16 Categories: EQ AccountingManagement Accounts Skills Development Scotland have announced the extension of the Flexible Training Opportunities Grant Scheme for the year to 31 March 2016. The grant is aimed at small businesses based in Scotland, who wish to enhance employees’ skills and bring real benefits such as improved productivity and a stronger, more confident workforce. The criteria for qualifying more
Jun 21 2016 Auto-enrolment – Are You Ready? Categories: EQ AccountingPayroll Auto-enrolment was introduced for large employers in 2012. The provisions compel employers to register with TPR (www.tpr.gov.uk/registration), and ultimately provide adequate provision for employee pensions through an AE process. Employees can opt out, and certain jobholders can have their inclusion in the process postponed, but the responsibility lies firmly with employers to put proper systems more
Jun 21 2016 Fuel Scale Charges from 1 May 2016 Categories: EQ AccountingPayroll The VAT Fuel Scale Charge is a simplified way of taxing the private use of car fuel. If you use your business vehicle for private use you can claim all the VAT on road fuel as long as you apply the appropriate fuel scale charge. You will need to know the CO2 emissions rating of more