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
Feb 8 2017 Changes to Business Rates & Valuations Categories: ProfessionsProperty & Construction A number of important announcements regarding changes to Business Rates and valuations of non-domestic property in Scotland in 2017 have now been confirmed by the Scottish Government. These announcements cover the changes to reliefs and surcharges for 2017 which will significantly impact businesses’ rates bills for 2017-2018. Along with changes to business rates, the Scottish more
Nov 3 2015 EQ Partner attains Law Society Accreditation Categories: Professions We are delighted to announce that our Fife based partner, Mark Gibson, has attained the Law Society of Scotland Practice Management Accreditation. Mark is a member of our professional practices specialist team and believes that it is essential to have a full understanding of the challenges and day to day practical issues facing legal practices more