Latest News

Filtered By Category: Professions

Mar 26 2020

The impact of COVID-19 on the professions sector

Categories: COVID-19Professions

Our EQ Professions specialists are maintaining regular discussions with our clients who are experiencing the unprecedented effects of the current COVID-19 Pandemic. Discussions to date have looked at areas such as: Managing credit risk wherever possible and being up-front with clients about fees to set expectations Managing costs and spreading those over a longer period Liaison more

Feb 25 2020

Corporate Finance Deal Done!

Categories: Corporate FinanceProfessions

Our client is a long established Financial Planning business with over 30 years in the field. With offices in several locations across Scotland, their business provides independent financial advice on savings, investments, insurance and retirement to clients privately and on a corporate level. What type of work was involved? EQ assisted in the purchase of more

Nov 19 2019

The Law Society of Scotland Financial Benchmarking Survey 2019

Categories: Professions

The Law Society of Scotland recently released its annual edition of the Financial Benchmarking Report, giving an insight into current trends and performance of the legal sector. Head of EQ Professions, Mark Gibson, commented; “The Law Society of Scotland Financial Benchmarking Survey gives Scottish legal practices the opportunity to assess their performance relative to the more

Oct 18 2019

Gabriel reporting – a new system in development

Categories: Professions

The Financial Conduct Authority (FCA) is undertaking a significant project to make changes to its current data collection system – Gabriel.  Gabriel, which stands for ‘gathering better regulatory information electronically’, has been criticised over the years for its complexity, but is looking to make considerable improvements to remedy this.  The FCA launched a survey earlier more

Aug 21 2019

Are you invested in protecting your business online?

Categories: Professions

Online Security continues to be a top concern for the modern-day business. The increasing reliance on computers and technology has changed the business world for better, and for worse. Something as simple as an email link can allow hackers into your server and give them full access – you have all probably received the HMRC more

Jul 22 2019

Revenue Scotland to upgrade their online tax collection system

Categories: Professions

This month, Revenue Scotland will be upgrading their online tax collection system, known as SETS (Scottish Electronic Tax System) which will affect the submission of Land and Buildings Transaction Tax (LBTT) returns. Revenue Scotland is seeking to make the change over to the new system as seamless as possible, with all of the data in the 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 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