Latest News

Filtered By Category: Property & Construction

Apr 5 2022

How we are supporting our clients, Alan Johnstone Studios

Categories: EQ NewsProperty & Construction

There are many reasons why businesses may want to change accountants – your needs may have changed, or you require more specialist support. While there are many good accountants around, finding the right accountant for your business can make a huge difference to its growth and success. The team at Alan Johnstone Studios, an independently more

Mar 21 2022

Coronavirus Job Retention Scheme Enquiry

Categories: COVID-19Property & Construction

The Coronavirus Job Retention Scheme (CJRS), launched in April 2020, was developed to offer support to employees who would otherwise have been laid off during the COVID-19 pandemic. However, the guidance was initially unclear and has led to widespread errors in claims, resulting in a surge of HMRC enquiries into CJRS claims. We recently supported more

Mar 2 2022

Construction businesses looking ahead in 2022

Categories: Property & Construction

With the Scottish Government announcing relaxations to COVID regulations from the 21 March 2022, there is a lot of optimism surrounding a return to ‘normal’. Construction businesses have been facing a new normal for some months and we are currently seeing an extremely busy start to 2022 for a number of our clients due to more

Dec 23 2021

2021 review of the construction sector

Categories: Property & Construction

While 2021 has no doubt been a tough year for many construction businesses due to the impact of COVID-19, lockdowns and Brexit, there have also been some unexpected positives. The various lockdowns restrictions have seen homeowners investing their time and money into their properties. Whether it be a new garden room/office, an extension, or a more

Jun 8 2021

Zero rate VAT update

Categories: Property & ConstructionTaxation

Following a recent tax case, HMRC have updated their guidance in relation to items which may be zero rated for VAT purposes when constructing a new residential property. Zero rate VAT applies to the construction services and the building materials incorporated into the new residential property by the persons supplying those construction services. The zero more

May 26 2021

New measures for Construction Industry Scheme claims

Categories: Property & Construction

The government recently brought in updated powers for HMRC to crack down on abuse and help level the playing field for businesses within the construction industry by helping to increase the incentive to provide accurate submissions of Construction Industry Scheme (CIS) claims. These new measures that came into effect from 6 April 2021 do not more

Mar 10 2021

Off-payroll working rules (IR35) from April 2021 within the Construction sector

Categories: Property & Construction

With the off-payroll working rules (IR35) changes coming into effect from April 2021, those working in the construction sector should use this time to properly prepare for how these changes will impact their workforce and their business. Under the legislation, large and medium companies will need to assess if contractors providing services through personal service more