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 29 2020 Improving cashflow for the construction sector – VAT Categories: COVID-19Property & ConstructionTaxation During the COVID-19 pandemic, the inability to work on site is having a massive cashflow implication for all businesses in the construction sector. As discussed in our previous article, Research & Development (R&D) tax credits can increase cash inflow however there are also various VAT relief options. The Governments VAT deferral scheme supports those affected by the COVID-19 pandemic by more
Apr 28 2020 How we’ve been supporting our clients, Denvir Marketing Categories: COVID-19EQ AccountingEQ News At EQ, we have spent the last month supporting our clients through these turbulent times whilst we, like most other businesses, settle into working from home. We have ensured that our clients continue to be our priority, and that we remain in constant contact to provide relevant advice and support, every step of the way. One more
Apr 22 2020 Improving cashflow for the construction sector – R&D tax credits Categories: COVID-19Property & ConstructionTaxation During the COVID-19 pandemic, the inability to work on site is having a massive cashflow implication for all businesses in the construction sector. As well as various support packages provided by the Government, either by way of grant, deferment of taxes or bank funding, there are other options that can be considered to increase cash more
Apr 13 2020 R&D Tax Credits – a critical cash flow injection Categories: COVID-19Taxation At a time of great concern for all of us, many businesses are still missing a valuable opportunity to increase their cash flow by thinking they cannot claim for R&D tax credits. Here is a quick reminder of the basic eligibility criteria: You must trade as a limited company You must incur qualifying costs, typically 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
Mar 19 2020 Spreading the cost of tax Categories: COVID-19Taxation Given the current climate, the focus of our advice from our EQ Taxperts switches from tax planning to managing the cost and cash flow effect of tax. In the past few days, we’ve had numerous conversations with clients about how to deal with tax matters, and we thought it would be useful to share a more