Sep 13 2016 National Minimum Wage Rates from 1 October 2016 Categories: EQ AccountingPayrollTechnology In October 2016 the new rates will be:- 21-24 year olds will be £6.95 per hour 18-20 year olds will be £5.55 per hour 16-17 year olds will be £4.00 per hour Apprentices under 19 or 19 or over who are in the first year of apprenticeships will increase by 10p to £3.40 an hour more
Aug 9 2016 Kreston UK Technology Survey Categories: Technology In conjunction with our colleagues in the Kreston network across the UK, we’ve previously issued questionnaires to businesses involved in the Technology sector and produced reports summarising their concerns, experiences and hopes for the future. The last time we completed the annual survey was during 2013 and followed it up with a quarterly ‘Barometer’ during more
Jul 6 2016 Corporation Tax Relief Changes for Goodwill Categories: Healthcare When care home businesses are purchased there may be an element of goodwill value included in the purchase cost. The goodwill amount is the cost over and above the fair value of the net assets of the business. Businesses usually capitalise this goodwill as an intangible fixed asset and write it off over a number more
Jun 15 2016 Creating a Reserves Policy Categories: Charities Why might you need reserves for the charity to be effective? The basis of a good reserves policy is to think through why some funds may need to be held back as a reserve. For a small charity with a simple structure and uncomplicated activities reasons may include: Risk of unforeseen emergency Covering unforeseen day-to-day more
Jun 8 2016 Ceremony room hire not VAT exempt Categories: Leisure A recent First Tier Tribunal VAT case has highlighted the need for hotels and other wedding venues to ensure that the correct VAT treatment is applied to the hire of a room for a wedding ceremony. In the case of Blue Chip Hotels Limited vs Revenue & Customs Commissioners the tribunal heard that the hotel more
May 31 2016 EQ take part in the RSABI Great Glen Challenge Categories: Agriculture The RSABI Great Glen Challenge is in its 5th year, and 2016 will be the first year in which EQ has entered a team. This year’s event is taking place on Friday 26 August 2016 with a route spanning from Fort Augustus to Fort William while raising money for RSABI. Each member of the team more
May 31 2016 Farms and the Additional Dwellings Supplement Categories: Agriculture Land and Buildings Transaction Tax (LBTT) replaced Stamp Duty Land Tax (SDLT) in Scotland from April 2015 and careful consideration needs to be given when purchasing a farm which includes residential properties due to the recent introduction of the Additional Dwellings Supplement (ADS) on second properties. When calculating LBTT on the purchase of a farm more
May 25 2016 EQ Leisure advises on major acquisition Categories: Leisure EQ Leisure recently advised on a seven figure tourist accommodation acquisition in central Scotland. Our involvement included exploring options for debt finance, structuring of the finance and ownership, VAT and capital taxes planning. EQ Partner, Graeme Davidson commented “We were delighted to be able to assist our client with this ambitious acquisition. Tourism contributes some more