Feb 11 2016 Scottish Rate of Income Tax Categories: EQ AccountingPayroll From 6 April 2016, you’ll pay the Scottish rate of income tax if you live in Scotland. This means some of your income tax will be paid to the Scottish Government. It applies to your wages, pension and most other taxable income. Your personal allowance – the amount of income you don’t pay tax on more
Feb 11 2016 Increase in employment allowance Categories: EQ AccountingPayroll From April 2014, every business, charity and community amateur sports club has been entitled to an annual ’employment allowance’ of £2,000 to reduce their liability for Class 1 secondary NICs. The employment allowance will increase from £2,000 to £3,000 from 6 April 2016 but eligibility will be restricted. To ensure that the NICs employment allowance more
Feb 5 2016 Year end tax review Categories: Taxation Now that the end of January tax season is behind us, the next major taxation milestone is the end of the tax year, i.e. 5 April 2016. With good planning becoming ever more important, EQ has produced a pre year end planning document for you. We’d encourage you to read this (Download here) and then arrange more
Jan 12 2016 CIS errors by contractors raises £154m in unpaid tax Categories: EQ AccountingPayroll HMRC’s yield from tax investigations into the construction industry rose by 17% to £154.2m in the last year, up from £131m the previous year as self-employed builders and sub-contractors are targeted by HMRC. The amount collected from HMRC’s investigations in the construction sector has more than doubled in the last five years, up from £66.9m more
Nov 26 2015 Workplace Pension/Auto Enrolment Seminars Categories: EQ AccountingPayroll EQ Accountants are organising a number of Workplace Pension seminars to inform and update employers/payroll contacts of the key points they should be aware of when dealing with the legislative and practical requirements. The seminar will be jointly presented by Balmoral Asset Management Ltd and EQ Accounting Services. Key Considerations Do you know your staging more
Nov 26 2015 Autumn Statement 2015 Categories: Taxation It was the Autumn Statement preceded by rumour, dire warnings and in the final analysis, the tax related changes were minimal. It’s fair to say the Chancellor has a negative view of buy to let property investors and the proposed 3% SDLT surcharge for those individuals buying a second home or a buy to let more
Nov 26 2015 Workplace Pension/Auto Enrolment Seminars Categories: EQ Accounting EQ Accountants are organising a number of Workplace Pension seminars to inform and update employers/payroll contacts of the key points they should be aware of when dealing with the legislative and practical requirements. The seminar will be jointly presented by Balmoral Asset Management Ltd and EQ Accounting Services. Key Considerations Do you know your staging more
Nov 4 2015 Early Christmas gift for Golf Clubs? Categories: Taxation HM Revenue & Customs have issued an update on their position on the outcome of the Tribunal hearing on the Bridport Golf Club VAT claim, which involves the VAT liability on Golf green fees. HMRC’s position is that to simply repay to Golf clubs the full amount of any claim could result in an ‘Unjust more