Aug 3 2022 10 ways to help with the cost of living Categories: Property & ConstructionTaxation The cost of living crisis is putting additional strain on businesses and households that are already feeling the aftereffects from the various challenges over the past few years. We have identified some areas below that could help reduce costs and potentially save you money. Remuneration Planning Are you paying yourself tax efficiently? For example, those 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 30 2022 How to help your Construction customers reduce their tax liability Categories: Property & ConstructionTaxation Along with the recent increases in the cost of living, commercial building projects have seen significant increases in costs in terms of materials, transport, and labour and as a result these increases are being passed on to customers. With the project costs increasing, there is more pressure to look for areas where costs can be 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
Apr 13 2022 Charities still have to pay their taxes Categories: CharitiesTaxation Paying tax is often a shock to smaller charities – after all, their profits all go back into funding the good work they do! Nonetheless, charities are taxed on trading income the same as any other organisation unless planning arrangements are put in place. Of course, deciding what income comes from trading is a complex more
Apr 12 2022 Would an Employee Ownership Trust benefit your children’s nursery? Categories: HealthcareTaxation An Employee Ownership Trust (EOT), when a business is partly or entirely owned by the workforce, can be used to help secure the future of a company. Despite becoming increasingly popular in recent years, there are very few children’s nurseries who have taken advantage of this share option scheme. The first childcare business in Scotland more
Apr 4 2022 VAT for hospitality businesses has reverted to the standard rate of 20% Categories: LeisureTaxation The VAT reduction, which was first introduced for businesses trading in the hospitality sector in June 2020, ended on Thursday 31 March with the VAT rate reverting to its original rate of 20%. The reduction in VAT was given to VAT-registered businesses from the hospitality, hotel, and holiday accommodation sectors to financially support them during more