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
Jul 19 2022 Are you looking for ways to save time in your business? Categories: BookkeepingCloud AccountingFood & Drink We have found that the level of automation available from using accounting software, such as Xero, benefits a business by reducing the time taken to process the books and records. It can also enable you to extract more accurate, up to date information allowing you to make better, more informed decisions. There are other tasks more
Jun 7 2022 Ensure your payroll software is ready for upcoming National Insurance changes Categories: EQ AccountingPayroll On 23 March 2022, the UK Government announced that the National Insurance thresholds would be increased from 6 July 2022. As a result, you will need to ensure that your payroll software is updated to accurately reflect the increased NIC thresholds for any payments dated 6 July 2022 or later. This may happen automatically, or more