Dec 3 2019 Can VAT help to boost your profits? Categories: LeisureTaxation The VAT Flat Rate Scheme allows some smaller businesses to benefit from paying a lower rate of VAT to HMRC. The scheme is often used by contractor type businesses, but is less widely used in the leisure sector. Instead of declaring the standard 20% on sales, you pay a lower percentage to HMRC that varies more
Dec 2 2019 We’ve completed over £54m of Corporate Finance deals in the past six months Categories: Corporate Finance Despite the uncertainty surrounding the UK economy with regards to the Brexit debate, which has undoubtedly influenced business confidence, our EQ Corporate Finance (CF) team have continued to be involved in a significant number of deals over the past six months. We support our clients in relation to all aspects of CF work and most more
Dec 2 2019 Supporting Crosbie Matthew on their business journey Categories: Corporate Finance What does the term ‘accountant’ mean to you? A professional who records and maintains clients’ financial transactions, ensuring compliance with legislation in the process? – yes. However, we pride ourselves on not just being accountants – we are leading business advisors, supporting clients on their journey, whatever that may entail. For the last 13 years, more
Nov 22 2019 The rise of contactless payments Categories: Food & DrinkTaxation Contactless payments are becoming increasingly popular, especially in the food and drink industry, where it is estimated that half of all debit card transactions are contactless. In the UK, contactless payments on debit and credit cards have a maximum limit of £30 however mobile payment methods, such as Apple Pay and Google Pay, are better more
Nov 20 2019 Capital allowances on commercial properties Categories: Property & ConstructionTaxation Within commercial properties there are a number of items that might qualify for favourable tax relief. In relation to property construction, capital allowances may be available to a taxpayer on certain capital expenditure, regardless of age, specification or interest held. Capital allowances reduce the amount of tax paid by either an Income or a Corporation Tax 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
Nov 5 2019 Due diligence on the sale of your business Categories: Corporate Finance For every sale of a business, there will be a due diligence process – essentially a ‘health check’ of your business to ensure that there are no surprises for the buyer. Even before you have found a prospective buyer, you should start to think about what questions they may ask about your business. If you more
Oct 29 2019 Electric Vehicles – a tax efficient employee benefit Categories: TaxationTechnology Following on from our previous article which considered the tax implications of purchasing a car for use in your business, we now discuss why it is the optimum time to purchase an Electric Vehicle (EV). According to Auto Express, some of the best EV’s to buy in 2019 include brands such as Tesla, Jaguar, Mercedes more