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: COVID-19EQ AccountingPayroll 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
Jun 8 2021 Zero rate VAT update Categories: Property & ConstructionTaxation Following a recent tax case, HMRC have updated their guidance in relation to items which may be zero rated for VAT purposes when constructing a new residential property. Zero rate VAT applies to the construction services and the building materials incorporated into the new residential property by the persons supplying those construction services. The zero more
Jun 1 2021 Looking for an opportunity to grow? Cultivate your career at EQ! Categories: Agriculture At EQ, our people are at the heart of what we do. It’s our passion, drive and understanding of real farming issues that can make a difference to our clients. As a firm, we pride ourselves on offering a fantastic training experience with an emphasis on practical learning that suits those that prefer to be more hands on. We can help you more