Jan 5 2021 Coronavirus Job Retention Scheme – Deadline Dates Categories: COVID-19EQ AccountingPayroll It was announced on 17 December that the Coronavirus Job Retention Scheme (CJRS) will be extended until the end of April 2021. The criteria will remain unchanged, following the same guidelines that are currently in place with the government continuing to pay 80% of unworked hours for furloughed employees, up to £2,500 per month. If you intend to use the more
Dec 22 2020 £104.3 million support package for tourism and hospitality businesses Categories: COVID-19Leisure A part of the £185 million package previously announced by Finance Secretary Kate Forbes, tourism and hospitality businesses across Scotland are to benefit from a £104.3 million package of support in the New Year. With mainland Scotland moving to level 4 and the Scottish islands moving to level 3 from Boxing Day, businesses that are required more
Dec 17 2020 Further extension to furlough and loan schemes Categories: COVID-19EQ Accounting The Chancellor, Rishi Sunak, has announced that the Coronavirus Job Retention Scheme (CJRS) will be extended by one month, until the end of April 2021. The criteria will remain unchanged, following the same guidelines that are currently in place with the government continuing to pay 80% of unworked hours for furloughed employees, up to £2,500 more
Dec 16 2020 A guide to reduced VAT for holiday accommodation providers Categories: Leisure When the temporary VAT reduction was put in place in July, it was welcomed by the tourism industry. However, it was introduced very quickly and left many accommodation providers confused on how to charge VAT on their bookings. VAT legislation can be tricky, and although the rate used is usually based on when the good more
Dec 16 2020 The Pivotal Event Businesses Fund Categories: COVID-19 Update: The Pivotal Event Businesses Fund has been reopened temporarily for Expressions of Interest from Wednesday 13 January until Monday 18 January 2021 at 5pm. The events sector has faced severe challenges throughout 2020, with many businesses unable to operate. To further support the industry, the Scottish Government has announced an additional £13 million of funding. more
Dec 15 2020 Annual Investment Allowance spending reprieve Categories: Agriculture 2020 has been a difficult year for all businesses, with COVID-19 restrictions meaning the closure of pubs, restaurants and the near wipe out of any large gatherings such as agricultural shows, weddings etc. This had led to many farmers being very concerned over the demand for their produce as much of this would be consumed more
Dec 14 2020 We supported Dunedin Advisory to transition to an Employee Ownership Trust Categories: ProfessionsTaxation We have assisted restructuring and insolvency specialists Dunedin Advisory in their transition to become an Employee Ownership Trust (EOT). Since making the decision to become an EOT, the firm’s staff have fully engaged in the goal of strengthening and developing not only the business but their future personal development too. With offices in Dundee, Glenrothes and Glasgow, Dunedin more
Dec 10 2020 Scottish Government announces £185m targeted support package for businesses Categories: COVID-19 Finance Secretary Kate Forbes yesterday (Wednesday 9 December 2020) announced a new £185 million support package which will offer targeted COVID-19 support for businesses across Scotland. Following discussions with various business groups, the support package will benefit a wide range of sectors, from taxi drivers and arts venues to travel agents and hospitality. As part of more