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Filtered By Category: Professions

Jun 20 2018

Are you paying staff the correct amount for their overtime?

Categories: Professions

Professional services often have busy times during the year, be it a filing deadline or a change in legislation or regulations. The whole team is working hard and working extra hours (often unpaid overtime), but at times like these, do companies check that their staff pay is compliant with the national living and minimum wages? more

Jun 14 2018

Legal benchmarking report 2018

Categories: Professions

This year’s Natwest Legal Benchmarking report is the sixth annual survey of mid-size firms in the legal sector, consolidating the financial performance of 190 legal firms that collectively employ 11,100 people. Scottish legal firms in the report represent 30% of the firms surveyed. Read the report, via Natwest-Legal-Benchmarking-Report-2018. The highlights from the report are: – more

Apr 24 2018

Register your trust with HMRC or face penalties

Categories: EQ NewsProfessions

Are you the trustee of a trust or an agent dealing with trusts? If so you need to be aware of the requirement to register certain trusts with HMRC using an online service. You are only required to register the trust if the trust had a liability to income tax, capital gains tax, inheritance tax more

Mar 7 2018

Increase business success by reviewing your profit sharing model

Categories: Professions

In the past many professional firms have favoured the traditional method of splitting profits equally between partners regardless of performance. However, this model can become a point of contention when partners do not feel this reflects individual effort and achievement. Professional firms often operate in markets where the performance of their people is key to generating more

Feb 21 2018

The law society of Scotland 2018 financial benchmarking survey

Categories: EQ NewsProfessions

The 2018 financial benchmarking survey has now been launched. The survey is managed and conducted by independent researchers, Tribal on behalf of The Law Society of Scotland and is an invaluable tool to allow law firms of all sizes to assess their financial performance relative to their peers. All cashroom partners should have received an more

Feb 16 2018

Tax planning for professionals – our top tips

Categories: ProfessionsTaxation

With over two months until the end of the financial year (ended 5 April 2018), there is still time to take action to reduce future income tax liabilities or take advantage of annual allowances. Take a look at our points to consider, ahead of the new financial year below: • Have you maximised your annual more

Jul 28 2017

Changes to requirement to register Persons of Significant Control (PSC)

Categories: Professions

To comply with new anti-money laundering regulations there have been changes to the requirement to notify Companies House of the people with significant control of an organisation. Previously only companies and LLP’s were required to notify and this was done annually on the Confirmation Statement (which replaced the Annual Return). The change now means Scottish more

May 9 2017

NatWest Legal Benchmarking Report

Categories: Professions

NatWest recently issued their 2017 Legal Benchmarking Report including financial data from 269 small and large firms, including 82 Scottish firms and a combination of partnerships, LLPs and companies. Despite the economic and political uncertainties experienced in 2016, not least the impact of Brexit, legal firms have in general achieved improved performance under most financial more