May 14 2020 Pivotal Enterprise Resilience Fund re-opened for short period Categories: COVID-19 To help meet existing demand, the Pivotal Enterprise Resilience Fund (PERF) was doubled from £45m to £90m last week by the Scottish Government. The fund has reopened for applications on Thursday 14 May but due to the expected high volume of applicants, it is likely that full capacity will be reached quickly with the anticipated more
May 13 2020 Improving cashflow for the construction sector – corporation and income tax Categories: COVID-19Property & ConstructionTaxation As the COVID-19 pandemic continues, the inability to work on site is having a massive cashflow implication for all businesses in the construction sector. While many staff and sub-contractors are in self-isolation and mounting invoices start to become overdue, it may be prudent to revise your tax position as a means to reduce your current more
May 13 2020 Financial support available for dentists Categories: COVID-19Healthcare We are in unprecedented times at the moment, with lots of industries facing financial struggle and uncertainty. As well as the general financial support offered by the government for businesses and the self-employed, such as the Coronavirus Job Retention Scheme, CBILS, Bounce Back Loan scheme and Time to Pay service, specific financial support measures have more
May 12 2020 Coronavirus Job Retention Scheme extended until October Categories: COVID-19 Chancellor, Rishi Sunak, has extended the Coronavirus Job Retention Scheme (CJRS) by another four months until 31 October 2020. In his speech on Tuesday 12 May, he confirmed that the scheme will continue in its current form until the end of July, with furloughed staff continuing to receive 80% of their salary, up to £2,500. more
May 12 2020 The tremendous efforts of our Payroll team Categories: COVID-19EQ AccountingPayroll We want to take the time to publicly applaud the enormous efforts applied by our dedicated payroll department as they support our clients through the ever-changing landscape of the ongoing pandemic. Along with the usual payroll calculations and processing, done remotely in April while the whole team works from home, our colleagues have worked hard more
May 12 2020 Claim details for the Self-Employment Income Support Scheme grant Categories: COVID-19 In our previous article, we outlined HMRC’s new online eligibility checker for the Self-Employment Income Support Scheme (SEISS). This determines whether an individual is eligible for the SEISS grant, and when they can apply. Applications open on Wednesday 13 May, however, applications can only be made during your individual time slot as determined by the online more
May 11 2020 Consolidation of COVID-19 support measures Categories: COVID-19EQ News With new announcements of support and updates to measures previously reported, it can be difficult to know what applies to you and where to go to access relevant funding. We have consolidated the latest information released over the past few weeks relating to businesses and self-employed below. Grant Support On 20 March, Chancellor Rishi Sunak more
May 11 2020 EQ from home – Steven Todd Categories: People At EQ, our people are at the heart of what we do. Although we are working from home, our team are working hard to maintain regular communication with their clients whilst continuing to support them through the lockdown. We caught up with Steven Todd, Partner in our Glenrothes office, to find out more about what he more