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Filtered By Category: EQ Accounting

Apr 6 2023

National Living Wage changes from 1 April 2023

Categories: EQ AccountingPayroll

From 1 April 2023, the National Living Wage (NLW) increased by almost 10% to £10.42 for all those aged 23 and over. The National Minimum Wage (NMW), which applies to workers above school leaving age but under 23, and the apprentice rate also increased. The NLW and NMW rates will increase as follows: *Applies to people aged more

Oct 24 2022

NIC contribution rates reduced from 6 November 2022

Categories: EQ AccountingPayroll

On 22 September 2022, the UK Government announced plans to cancel the Health and Social Care Levy (HSCL), meaning National Insurance contribution rates will reduce by 1.25% from 6 November 2022. As a result, you will need to ensure that your payroll software is updated to accurately reflect the reduced NIC contribution rates for any more

Oct 20 2022

The benefits of Xero for GPs

Categories: Cloud AccountingHealthcare

­­­­­­­­­­­­­­­­­In the last year, we have supported a number of our GP clients that have made the move from IRIS to Xero. Xero is an online accounting software that connects your practice to your bank, accountant, bookkeeper and other business apps. The various features within Xero offer a number of benefits to GP practices, allowing more

Oct 12 2022

Are you prepared for the introduction of the Tipping Bill?

Categories: LeisurePayroll

The UK Government is bringing in new laws to make the distribution of tips fairer, more transparent, and stop employers from withholding tips from their workers. The Employment (Allocation of Tips) Bill, known as the ‘Tipping Bill’, will require employers to pass on 100% of tips to workers. Cash tips are already protected by law, and more

Aug 30 2022

Upcoming changes affecting Sage 50 v26.2 and below

Categories: Cloud AccountingEQ Accounting

Sage have announced a new update to bring Sage 50 in line with industry standard security protocols which protect your data and provide long term sustainability of the software. While this is done to enhance the use of the product, the latest update will mean older versions of Sage 50 Accounts and Sage 50cloud Accounts more

Jul 28 2022

Xero package price freeze for our clients

Categories: Cloud AccountingEQ Accounting

Xero have announced that will be increasing the price of their monthly subscription plans from 15 September 2022. The Starter and Standard business subscriptions for new and existing UK customers increased by £2 per month, whilst the Premium subscription increased by £3 per month. If you hold your own subscription, you will automatically see this increase more