May 24 2016 Trading Activities Categories: Charities The Charity Commission has published new practical guidance (CC35) on when and how charities may engage in trading. Unfortunately what constitutes as trading in a charity is not straightforward; however, a key feature of trading is the sale of goods or services. The identification of trading activities is important as trading profits may be taxable more
May 24 2016 Service charge changes Categories: Leisure Employers in the hospitality industry could face significant changes in the way they have to handle tips and service charges. The Government has published its Consultation Document which is aimed at addressing concerns regarding the collection and payment of tips and services charges to employees. Some of the proposals could have a major impact on more
May 24 2016 Scottish Hotel Awards – Success of EQ Client Categories: Leisure The 13th annual Scottish Hotel Awards, which celebrate the incredible talent and outstanding service found within the Scottish Hotel industry, were held recently at the Sheraton Grand Hotel in Edinburgh and EQ would like to congratulate all the fantastic businesses and individuals who were recognised on the night. Whilst EQ are delighted for all the more
May 20 2016 Case Study on VAT Treatment of Serviced Plots Categories: Property & Construction Our client had a few acres of bare land with outline planning permission for 12 houses. He could have sold the bare land to developers and received £1.2m. If he paid for services to be put in and connected up to each plot he would be able to sell the serviced plots for at least more
May 12 2016 Scottish Dental Show 2016! Categories: Healthcare EQ healthcare will be attending the Scottish Dental Show this weekend for the second consecutive year. The show is held at Braehead Arena, Glasgow, and it’s expected to welcome more than 2,000 dental professionals. EQ healthcare is experiencing a lot of activity in the dental sector and is currently involved with a number of exciting more
Apr 25 2016 £110m of work up for grabs in Edinburgh Categories: Property & Construction Construction companies in the Edinburgh area are being urged to apply early if they are to share in a £110 million boom of work in the city. Over the coming year, Robertson Partnership Homes and Robertson Central will be working on a number of high-profile projects in the capital, covering housing, regeneration, research facilities, waste more
Mar 15 2016 Changes to the Charities SORP Categories: Charities On 2 February 2016, the Charities SORP Committee issued Update Bulletin 1. It was always intended that the Charities SORP (FRSSE), an option for smaller charities issued at the same time as the Charities SORP (FRS102), would only have a life of one year. All indications late last year were that there would be no more
Mar 8 2016 Dividend tax changes – inform your donors Categories: Charities From 6 April 2016 the dividend tax credit will be abolished. At the moment, there is a 10% credit associated with dividends and this can be treated as tax paid when considering whether sufficient tax has been paid for a donor to make a Gift Aid declaration. When this credit disappears, donors can no longer more