Mar 9 2016 National living wage Categories: EQ AccountingPayroll The new national living wage will come into effect on 1 April 2016 for workers aged 25 and over, to be paid a minimum of £7.20 per hour. The National Minimum Wage will continue to apply for those aged 21 to 24. In Scotland there is also a voluntary rate of £8.25 for all workers more
Mar 8 2016 Dividend tax changes – inform your donors Categories: Charities From 6 April 2016 the dividend tax credit will be abolished. At the moment, there is a 10% credit associated with dividends and this can be treated as tax paid when considering whether sufficient tax has been paid for a donor to make a Gift Aid declaration. When this credit disappears, donors can no longer more
Mar 1 2016 Annual Post Budget Analysis 2016, 1st March 2016 Categories: Taxation Tax is an increasing burden on many individuals and businesses and good tax planning must form part of your own cost management. With that in mind, we are holding our Annual Post Budget Analysis on Friday 18 March 2016. To reserve your place please email christine.sewell@eqaccountants.co.uk indicating which venue you would like to attend:- Rothes more
Feb 24 2016 GP Benchmarking Report 2015 Categories: Healthcare EQ Healthcare is delighted to announce the publication of its GP Practices Benchmarking Report 2015. Produced in association with Kreston UK, the report explores statistics compiled from 131 practices across the UK. EQ’s expert in medical practices, John Langlands, commented “given that general practitioners continue to experience huge work pressures with a lack of locum more
Feb 11 2016 Personal allowance 2016/17 Categories: EQ AccountingPayroll The basic personal allowance for 2016/17 is £11,000. This means that the starting point for PAYE will be £211.54 per week (£916.67 per month) and the new emergency tax code will be 1100L.
Feb 11 2016 Payroll Year end 2015/16 Categories: EQ AccountingPayroll With April fast approaching, time should be taken to familiarise yourself with Year End filing procedures and deadlines. HM Revenue & Customs have produced this step-by-step guide to follow. Please follow this link www.gov.uk/payroll-annual-reporting. To ensure compliance with the latest HM Revenue & Customs requirements, please contact Lynne Vaughan or Jane Russell on 01382 312140.
Feb 11 2016 Scottish Rate of Income Tax Categories: EQ AccountingPayroll From 6 April 2016, you’ll pay the Scottish rate of income tax if you live in Scotland. This means some of your income tax will be paid to the Scottish Government. It applies to your wages, pension and most other taxable income. Your personal allowance – the amount of income you don’t pay tax on more
Feb 11 2016 Increase in employment allowance Categories: EQ AccountingPayroll From April 2014, every business, charity and community amateur sports club has been entitled to an annual ’employment allowance’ of £2,000 to reduce their liability for Class 1 secondary NICs. The employment allowance will increase from £2,000 to £3,000 from 6 April 2016 but eligibility will be restricted. To ensure that the NICs employment allowance more