Latest News

Sep 25 2018

#TalentTuesday – Scott Greig

Categories: EQ NewsPeople

Where and what did you study at University? University of Dundee – Accountancy and Finance with Management Information Systems. Why did you choose a career in Accountancy? I really enjoyed Maths and Accountancy at high school and it seemed like a solid career path that would open a lot of doors in later life. Why more

Sep 24 2018

Law Society of Scotland 2018 financial benchmarking survey

Categories: Professions

86 Scottish law firms took part in the 2018 survey, representing 8% of all firms in Scotland. Although a disappointing response level, this is still sufficient enough to give a general indication of the financial performance of the Scottish legal sector. The results are encouraging for 10+ partner firms with a median profit per partner more

Sep 18 2018

#TalentTuesday – Rachel Matthew

Categories: EQ NewsPeople

Where and what did you study at University? Accounts with Finance at Dundee University. Why did you choose a career in Accountancy? Maths was my strong subject at school and I also really enjoyed business management, so thought an accountancy career would be a good fit for me! I also tried nursing for a year more

Sep 18 2018

Changing of the guard

Categories: Professions

Have you considered the tax implications when it is time to bring in a new business partner or start a long-awaited retirement? To prepare for any potential tax consequences, and ease any change, it is important to consider your current business structure whether it be a traditional partnership, an LLP / SLP or a limited more

Sep 17 2018

VAT changes within the construction sector coming late 2019

Categories: Property & Construction

VAT fraud within the construction sector is costing the Exchequer around £100m a year with the cases of fraud generally occuring between the sub-contractor and the contractor. The sub-contractor provides the contractor with labour and charges VAT on the supply. The sub-contractor collects the VAT from the contractor, but then disappears without paying it over more

Sep 17 2018

Platinum seal of approval

Categories: Amber AccountingMaking Tax Digital

With just over six months to go until Making Tax Digital (MTD) legislation comes into effect across the UK, we are delighted to be awarded the status of Xero Platinum Champion Partner, the highest possible commendation for our commitment to service innovation and staff development.  Xero is Britain’s leading online accountancy software, one of many more

Sep 14 2018

Updated HMRC guidance on grants versus consideration for a supply

Categories: Charities

One contentious area in the world of VAT is the treatment of funding received by charities. This matters because grant income is non-business in nature and outside the scope of VAT. Thus, no VAT will be payable but there may also be VAT recovery implications. On the other hand, if the funding is consideration for more