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
Jan 15 2020 Is Xero the cure to your CIS headache? Categories: EQ AccountingProperty & Construction Under the Government’s Construction Industry Scheme (CIS), contractors must deduct money from the payments they make to subcontractors to go to HMRC. These are treated as advance payments for tax and National Insurance contributions. CIS applies to businesses involved in the construction industry, and can affect businesses that are not actually in the industry but more
Jan 8 2020 Engineering businesses – finding the right software Categories: Engineering & ManufacturingEQ Accounting Within any engineering business, there can be many tasks that require management applications to ensure the smooth running of the business. These can range from simple quoting and invoicing through to manufacturing bill of materials and stock control. There are business management applications that offer many of these functions, but finding the right one for more
Dec 20 2019 The transition to Open Banking Categories: EQ Accounting There have been recent changes within banking to standardise the way data can be accessed from different bank accounts in one place, including the introduction of Open Banking. Launched in 2018, Open Banking has transformed the way you bank online by offering more up to date bank feeds from banks into accounts systems, for example more
Dec 11 2019 Supporting our clients with the growth of their business Categories: EQ AccountingFood & Drink As a client’s business portfolio grows, so do the challenges and opportunities, therefore, it is important to have a trusted team of advisors, providing professional and trusted support allowing the business to not only function, but succeed and thrive. That was certainly the case for Brett Lawrence, owner of the award-winning Rocca Deli in St more
Nov 14 2019 The ongoing review of auto-enrolment Categories: EQ 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
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
Sep 6 2019 Our dedicated payroll team are here to support you Categories: EQ AccountingPayroll Operating a successful business can be all consuming, and one element that can be overlooked is Payroll. Managing employees’ pay is a time-consuming task and often considered one of the most complex areas of owning a business. Ensuring that everyone employed is paid on time, receives the correct amount, and has appropriate deductions made, is more