Apr 30 2020 Law Society of Scotland announce £2.2m financial support for Scottish solicitors Categories: COVID-19Professions In response to many in the solicitor profession feeling the financial impact of COVID-19, the Law Society of Scotland yesterday announced a £2.2 million financial support package for Scottish solicitors. The professional body’s governing council has agreed that for the 2020/21 practice year: the practicing certificate (PC) fee for every solicitor will be reduced by 20%, more
Apr 24 2020 Land register applications new digital submission service Categories: Professions As discussed in our previous article, Registers of Scotland (RoS) have been working on a new framework for the short-term house sales that were due to be concluded. From Monday 27 April, legal professionals can now upload land register applications via the RoS new digital submission service. The digital submission service deliberately mirrors existing paper more
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
