Latest News

Nov 14 2022

Short term accommodation license law

Categories: Leisure

Update: The Scottish Government has since extended the application deadline for existing operators and hosts from 31 March 2023 to 30 September 2023 . In a bid to balance the number of short-term lets versus residential properties, the Scottish Government has introduced a mandatory licensing scheme for short-term lets. From 1 October 2022, local authorities will provide more

Nov 9 2022

Financial responsibilities of a charity trustee

Categories: Charities

Charities rely on trustees to help control and manage the charity and it is the duty of all the trustees that the charity fulfils the charitable purpose for which it was created. While it can be seen as an honour to fulfil these duties, it involves a certain commitment and level of responsibility which should not be underestimated. more

Nov 2 2022

Third round of the Scottish Industrial Energy Transformation Fund

Categories: Engineering & Manufacturing

The Scottish Industrial Energy Transformation Fund (SIETF) was launched in 2020 as part of a £400m support package for companies to embrace decarbonisation, improve efficiency and reduce their impact on the environment. The SIETF has already completed two rounds with First Minister, Nicola Sturgeon, having announced that the successful bids in round two will fund projects that more

Oct 26 2022

Net Zero Transition Fund

Categories: Food & Drink

In the current climate, businesses have been looking at new ways to reduce their carbon emissions but introducing new equipment or processes can be costly. Businesses in the food & drink and tourism sectors especially are still feeling the financial pressures from the past few years. To offer financial support to these sectors, Invest Fife more

Oct 24 2022

NIC contribution rates reduced from 6 November 2022

Categories: EQ AccountingPayroll

On 22 September 2022, the UK Government announced plans to cancel the Health and Social Care Levy (HSCL), meaning National Insurance contribution rates will reduce by 1.25% from 6 November 2022. As a result, you will need to ensure that your payroll software is updated to accurately reflect the reduced NIC contribution rates for any more

Oct 20 2022

The benefits of Xero for GPs

Categories: Cloud AccountingHealthcare

­­­­­­­­­­­­­­­­­In the last year, we have supported a number of our GP clients that have made the move from IRIS to Xero. Xero is an online accounting software that connects your practice to your bank, accountant, bookkeeper and other business apps. The various features within Xero offer a number of benefits to GP practices, allowing more

Oct 19 2022

Reducing the risk of internal fraud in charities

Categories: Charities

Fraud within charities is, unfortunately, more common than we would like to believe. Each year the ‘Charity Fraud Awareness Week’ campaign aims to raise awareness and share good practice within the sector, as exposure to fraud can leave a charity open to potential loss of monies as well as damage their reputation and any future more

Oct 17 2022

New Chancellor reverses more tax cuts from Mini-Budget

Categories: Taxation

In his first speech as the new Chancellor, Jeremy Hunt, reversed almost all the tax cuts announced by his predecessor in the Mini-Budget three weeks ago. This follows on from the announcement on Friday that the Corporation Tax rise would go ahead as planned, increasing to 25% from 1 April 2023. As part of today’s more