Apr 29 2022 Welcome return to on-site agricultural events! Categories: Agriculture With the return of many on-site agricultural events, our EQ Agriculture team are all looking forward to the busy year ahead. As well as meeting clients on farm to deal with their service requirements, we will be out and about supporting various sector events over the course of the year. If you are going to any 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 8 2022 Am I an employee but don’t know it? Categories: Professions In a previous article, we discussed the implications of getting your employment status wrong and how a few high-profile individuals have been questioned by HMRC. Since then, an updated IR35 legislation came into effect on 6 April 2021 and HMRC have now begun to flex their muscles to enforce those rules. We have recently seen television more
Apr 5 2022 How we are supporting our clients, Alan Johnstone Studios Categories: EQ NewsProperty & Construction There are many reasons why businesses may want to change accountants – your needs may have changed, or you require more specialist support. While there are many good accountants around, finding the right accountant for your business can make a huge difference to its growth and success. The team at Alan Johnstone Studios, an independently 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
Mar 24 2022 The Omicron Business Support Fund Categories: COVID-19Leisure Earlier this year, Scottish Tourism Minister, Ivan McKee, announced details of a financial package worth up to £9 million for Scotland’s vital tourism sector. The top-up payments were given to recipients of previous VisitScotland funding and were designed to recognise the loss of revenue specifically between 8 December 2021 and 21 January 2022 in the following areas: coach operators more
Mar 21 2022 Coronavirus Job Retention Scheme Enquiry Categories: COVID-19Property & Construction The Coronavirus Job Retention Scheme (CJRS), launched in April 2020, was developed to offer support to employees who would otherwise have been laid off during the COVID-19 pandemic. However, the guidance was initially unclear and has led to widespread errors in claims, resulting in a surge of HMRC enquiries into CJRS claims. We recently supported more