Latest News

Filtered By Category: EQ Accounting

Mar 17 2022

National Living Wage to rise from 1 April 2022

Categories: EQ AccountingPayroll

From 1 April 2022, the National Living Wage (NLW) will increase by more than 50p an hour to £9.50 for all those aged 23 and over. The National Minimum Wage (NMW), which applies to workers above school leaving age but under 23, and the apprentice rate will also increase. The NLW and NMW rates will increase as more

Jan 13 2022

Coronavirus Statutory Sick Pay Rebate Scheme to be reintroduced

Categories: EQ Accounting

Update: The Statutory Sick Pay Rebate Scheme closes for COVID-19 related absences after 17 March 2022. Employers have up to and including 24 March 2022 to submit any final claims and/or amend claims they’ve already submitted. On 21 December 2021, the UK Government announced that it would temporarily reintroduce the Coronavirus Statutory Sick Pay Rebate Scheme more

Nov 4 2021

Xero package price freeze for our clients

Categories: Cloud AccountingEQ Accounting

From 23 September 2021, Xero increased the price of their monthly subscription plans. 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 in your regular billing. However, more

Jul 6 2021

Employer contribution changes to the CJRS

Categories: COVID-19EQ AccountingPayroll

The Coronavirus Job Retention Scheme (CJRS) was extended until 30 September 2021, with employers asked to contribute towards the cost of their furloughed employees’ wages from July onwards. As a reminder, we’ve highlighted the changes in the table below: *If the employee is furloughed for 100% of their working hours. The timetable will change if, for more

Apr 9 2021

Dext Partner certified

Categories: BookkeepingCloud AccountingEQ AccountingTechnology

Recent times have shown us just how important technology is when it comes to keeping your business going while working from home. As part of our ongoing effort to improve our remote working processes, we are excited to announce that our EQ Accounting team have recently achieved Partner certification with Dext, previously Receipt Bank, the award­-winning more

Mar 29 2021

Payroll Year End 2021

Categories: EQ AccountingPayroll

With April fast approaching, it’s time to familiarise yourself with Year End filing procedures and deadlines. There are a number of things you need to do for a successful payroll year end but key to this is submitting your final payroll of the 2020/21 tax year to HMRC by 19 April 2021. Here are some of the more

Feb 24 2021

Minimum Wage increases from April 2021

Categories: EQ AccountingPayroll

The government has announced increased minimum wage rates that will take effect from 1 April 2021. The National Living Wage (NLW) will increase by 2.2% from £8.72 to £8.91 and will be extended to 23 and 24 year olds for the first time. For workers aged under 23, Commissioners recommended smaller increases in recognition of more