Jun 17 2019 How does the change to GP Pensions affect your retirement plans? Categories: Healthcare Earlier this year, The Scottish Public Pensions Agency (SPPA) announced that the current rate of employer pension contributions will increase from 14.9% to 20.9% with effect from 1 April 2019. GP practices in Scotland will receive the 6% refund for employer pension contributions on their monthly statements under ‘Other Payments’. Therefore, there should not be a more
Jun 13 2019 10 ways we can help clients in the construction sector Categories: Property & Construction Whether you have your own business, or are an independent contractor, the construction industry can expose you to various tax implications, as well as tax opportunities. Our EQ Property and Construction team have amassed expert knowledge, and valuable experience, from their construction clients and are on hand to help with a range of issues from more
Jun 13 2019 To be or not to be an employee – that is the question Categories: Professions Self employed individuals often want to be treated as employees for employment law purposes. This will give them possible entitlement to compensation for loss of their job or holiday pay or sick pay. Recent cases include Uber drivers, who successfully argued that they are employees. However, when it comes to taxation, you may not wish more
May 30 2019 Environmental Initiatives set to impact Hospitality Industry Margins? Categories: Food & DrinkLeisure In February 2019, The Department for Environment, Food and Rural Affairs (Defra) launched its consultation on the bottle deposit scheme adopted from successful schemes in Denmark, Finland, Germany, Norway, the Netherlands and Sweden. The scheme aims to cut plastic bottle and can pollution by introducing a deposit return scheme (DRS) with packaging manufacturers paying the more
May 24 2019 Trainee Solicitors – Investing for the future Categories: Professions The Law Society of Scotland have recommended that trainee solicitors should receive a minimum salary increase in 2019/20 of £500. This will mean a minimum salary of £19,500 for first year trainees and £22,500 for second year trainees. The recommended rate is only advisory but sets the benchmark for member firms. Although employers have discretion more
May 23 2019 Enterprise Management Incentives – A tool in the war for talent Categories: Engineering & Manufacturing With a highly competitive labour market, retaining a skilled workforce and rewarding long-term loyalty are key priorities for businesses in all sectors, but particularly the Engineering and Manufacturing sector. According to recent research, businesses in Scotland are struggling to recruit and retain workers with the right skill set. A popular method for many privately owned more
May 16 2019 Amended VAT rules affecting the hospitality industry Categories: Leisure HMRC amended the rules of how to treat VAT on deposits and retained payments where a service is not used, or goods have not been collected. This impacts on the ‘no-shows’ in the hospitality sector, when you have taken a deposit which is non-refundable, but your customer does not show up or cancels their booking. more
May 14 2019 Working With Our Clients – No Matter The Distance Categories: EQ AccountingHealthcareMaking Tax Digital As well as professionalism, expertise and trust, your accountant should work around you – making your business run more efficiently, rather than eating into too much of your valuable time. Time is something that South Uist Medical Practice, based in the Outer Hebrides, does not have to waste. With their priority being their 1000+ patients, more