Latest News

Jul 21 2021

The fifth and final Self-Employment Income Support Scheme grant

Categories: COVID-19

The Government has now published details in relation to the fifth and final Self-Employed Income Support Scheme (SEISS) grant. The portal for claiming this grant is expected to open by the end of this month and claims must be made by 30 September 2021. Who is eligible? Those who were eligible for the fourth grant more

Jul 15 2021

The Kreston Charities COVID-19 Survey Report findings

Categories: CharitiesCOVID-19

The results from the survey carried out by the Kreston Charities Group, which includes our EQ Charities team, that act for over 2,000 charities across the UK, paints a mixed picture of the financial health of the charity sector but with a confident outlook for the future. The Kreston Charities COVID-19 Survey gave charities across the UK the more

Jul 9 2021

Supporting our client, Shelley Booth

Categories: COVID-19Healthcare

At EQ, we have spent the past 16 months supporting our clients through turbulent times, but despite what has been going on, some of our clients have used this time to explore new opportunities to ensure their business not only survives, but flourishes through this pandemic. One of these clients is Shelley Booth, who successfully more

Jul 7 2021

The Tourism Leadership & Recovery Fund

Categories: COVID-19Leisure

Earlier this year, First Minister Nicola Sturgeon announced a new £25 million tourism recovery programme to support the sector’s recovery from the pandemic. Developed by the Scottish Tourism Emergency Response Group (STERG), in collaboration with members of the Tourism Task Force, the first fund to be launched is the Tourism Leadership & Recovery Fund. The Tourism Leadership more

Jul 6 2021

Employer contribution changes to the CJRS

Categories: Amber AccountingCOVID-19Payroll

The Coronavirus Job Retention Scheme (CJRS) was extended until 30 September 2021, with employers asked to contribute towards the cost of their furloughed employees’ wages from July onwards. As a reminder, we’ve highlighted the changes in the table below: *If the employee is furloughed for 100% of their working hours. The timetable will change if, for more

Jul 2 2021

Is now the time to refinance?

Categories: Food & DrinkLeisure

The Bank of England base rate is at a historic low of 0.1% making debt as cheap as it has ever been, so the time might be right to review existing debt facilities. With lockdown restrictions continuing to ease, cash will be required to help get businesses back to pre-covid levels and therefore an opportunity more

Jun 23 2021

Funeral directors – Getting the VAT right

Categories: HealthcareTaxation

Funeral directors make supplies which, for VAT purposes, are traditionally a combination of standard rated taxable supplies and exempt supplies. When a mixture of taxable and exempt supplies are made by a business, this gives rise to partial exemption calculations to determine how much VAT can be reclaimed on costs incurred in relation to the more

Jun 9 2021

Senior NHS dentists beware of the LTA freeze and McCloud judgement

Categories: Healthcare

In his recent budget, the Chancellor announced that Income Tax thresholds, Capital Gains Tax annual exemption and Inheritance Tax nil rates bands will all be frozen. One for any senior NHS dentists to watch out for is the freezing of the pension Lifetime Allowance (LTA). LTA normally increases each year with inflation but will now more