Nov 4 2015 Early Christmas gift for Golf Clubs? Categories: Taxation HM Revenue & Customs have issued an update on their position on the outcome of the Tribunal hearing on the Bridport Golf Club VAT claim, which involves the VAT liability on Golf green fees. HMRC’s position is that to simply repay to Golf clubs the full amount of any claim could result in an ‘Unjust more
Nov 3 2015 EQ Partner attains Law Society Accreditation Categories: Professions We are delighted to announce that our Fife based partner, Mark Gibson, has attained the Law Society of Scotland Practice Management Accreditation. Mark is a member of our professional practices specialist team and believes that it is essential to have a full understanding of the challenges and day to day practical issues facing legal practices more
Oct 1 2015 National Minimum Wage Rates from 1 October 2015 Categories: EQ AccountingPayroll The Department for Business, Innovation & Skills has announced the national minimum wage rates from 1 October 2015: the main adult rate (for workers 21 and over) will increase by 20p to £6.70 an hour the rate for 18-20 year olds will increase by 17p to £5.30 an hour the rate for under 18 year more
Oct 1 2015 What’s New in Sage 50 2016 (v22) Categories: BookkeepingEQ Accounting Released in September 2015 the latest version of Sage 50 Accounts includes exciting new functionality, such as: Bank Feeds powered by Yodlee – Exclusive to Sage 50 Accounts 2016, this new feature makes reconciling the accounts and bank balances simple and error free. Match payments and receipts quickly and easily and spend less time on more
Sep 23 2015 Research & Development Tax Credits Categories: Taxation HMRC have recently published their statistics for R&D showing a further increase in the number of claimant companies. Whilst those numbers are encouraging, take up of the relief is still modest particularly amongst the SME community. Head of EQ Taxation, David Morrison, commented, “There remain many companies in Scotland who have yet to unlock the more
Jul 9 2015 Training Grant 2015/16 Categories: EQ Accounting Skills Development Scotland have announced the extension of the Flexible Training Opportunities Grant Scheme for the year to 31 March 2016. The grant is aimed at small businesses based in Scotland, who wish to enhance employees’ skills and bring real benefits such as improved productivity and a stronger, more confident workforce. The criteria for qualifying more
May 20 2015 Xero payroll Categories: EQ AccountingPayroll Xero, an online accounting system, recently released their Payroll package which will allow users to process payroll within their Xero accounting system. The package offers the standard payroll calculation functionality together with RTI compliance. As the payroll is integrated within the accounting system, pay runs are processed automatically into the accounts with no need for more
May 13 2015 P11D benefits and returns Categories: EQ Accounting All employers should remember the filing date for P11D returns with HM Revenue and Customs is 6 July 2015. P11D returns are normally needed where employees earning over £8,500 per year (including value of the benefits), or any company directors, receive any benefits or expenses payments from their employer. For employees earning less than £8,500, more