Latest News

Jan 15 2021

New Year, New Plans – how to prepare for the year ahead

Categories: COVID-19EQ News

With the start of a new year, we all look to plan ahead and whilst there still remains a large amount of uncertainty on what 2021 might bring, we wanted to provide some guidance on what assistance is still available and any other areas of consideration to help you prepare for the year ahead. As more

Jan 15 2021

Supreme Court ruling for Business Interruption Insurance payout

Categories: COVID-19

It has just been announced that the Supreme Court has backed smaller firms, ruling that insurance companies must pay out on Business Interruption Insurance claims. With many insurers refusing to pay businesses back in Spring when the first lockdown came into force, this ruling will mean thousands of small business may receive insurance payouts covering more

Jan 13 2021

Nurseries funding support for outdoor play and learning

Categories: COVID-19Healthcare

On 22 December 2020, the Scottish Government announced a new £1m Outdoor Clothing Fund, aimed at providers of funded early learning and childcare. Guidance advises nurseries and other Early Learning and Childcare (ELC) settings to maximise the time that children spend outdoors to reduce the risks of COVID-19 transmission. It is also known that outdoor more

Jan 12 2021

Increased funding support for hospitality, retail and leisure businesses

Categories: COVID-19Leisure

The Scottish Government have announced January top-up grants for hospitality, retail and leisure businesses across Scotland that have had to close due to level 4 restrictions. These one-off grants will be in addition to the grants businesses receive through the Strategic Framework Business Fund (SFBF), which has been open since November. In most cases, if more

Jan 5 2021

Coronavirus Job Retention Scheme – Deadline Dates

Categories: Amber AccountingCOVID-19Payroll

It was announced on 17 December that the Coronavirus Job Retention Scheme (CJRS) will be extended until the end of April‌‌ 2021. The criteria will remain unchanged, following the same guidelines that are currently in place with the government continuing to pay 80% of unworked hours for furloughed employees, up to £2,500 per month. If you intend to use the more

Dec 22 2020

£104.3 million support package for tourism and hospitality businesses

Categories: COVID-19Leisure

A part of the £185 million package previously announced by Finance Secretary Kate Forbes, tourism and hospitality businesses across Scotland are to benefit from a £104.3 million package of support in the New Year. With mainland Scotland moving to level 4 and the Scottish islands moving to level 3 from Boxing Day, businesses that are required more

Dec 17 2020

Further extension to furlough and loan schemes

Categories: Amber AccountingCOVID-19

The Chancellor, Rishi Sunak, has announced that the Coronavirus Job Retention Scheme (CJRS) will be extended by one month, until the end of April 2021. The criteria will remain unchanged, following the same guidelines that are currently in place with the government continuing to pay 80% of unworked hours for furloughed employees, up to £2,500 more

Dec 16 2020

A guide to reduced VAT for holiday accommodation providers

Categories: Leisure

When the temporary VAT reduction was put in place in July, it was welcomed by the tourism industry. However, it was introduced very quickly and left many accommodation providers confused on how to charge VAT on their bookings. VAT legislation can be tricky, and although the rate used is usually based on when the good more