Mar 23 2020 Support for businesses affected by COVID-19 Categories: COVID-19EQ News On Friday 20 March, Chancellor Rishi Sunak announced a range of measures to support public services, people and businesses through this period of disruption caused by COVID-19. We’ve had a lot of questions on the reimbursement of the 80% of wages for employees and Statutory Sick Pay. During the announcement on Friday, the Chancellor stated that more
Mar 20 2020 Coronavirus Update 20 March 2020 – The Economic Package Categories: COVID-19EQ News Chancellor Rishi Sunak announced a sweeping range of measures to be introduced over the coming days, weeks and months. We’ve detailed a summary of the main measures announced below: Government to pay 80% of wages for employees temporarily not able to work, up to £2,500 per employee per month. The payment will be in the more
Mar 20 2020 The impact of COVID-19 on the agriculture sector Categories: AgricultureCOVID-19 Our EQ Agriculture specialists are in constant communication with our clients and have been reviewing how the ever-changing environment is affecting agricultural businesses. We will do all we can to support our agriculture clients through this difficult period. The most immediate impact on the industry appears to be the lack of availability of seasonal labour more
Mar 20 2020 The impact of COVID-19 on the healthcare sector Categories: COVID-19Healthcare The ever-evolving situation with the ongoing COVID-19 pandemic is causing significant disruption around the world and although the UK has not been significantly affected, we fully expect this to change. We are aware that the healthcare sector are facing sector specific issues, including: Dentists New measures outlined by the Chief Dental Officer will have a more
Mar 20 2020 The impact of COVID-19 on the leisure sector Categories: COVID-19Food & DrinkLeisure Our EQ Leisure specialists are fully aware of the current devastating effects of the current COVID-19 pandemic. We have been having constant discussions with our leisure clients who are experiencing unprecedented issues. There is no one size fits all, so our leisure team will do anything it can to support you through this difficult period. more
Mar 19 2020 Spreading the cost of tax Categories: COVID-19Taxation Given the current climate, the focus of our advice from our EQ Taxperts switches from tax planning to managing the cost and cash flow effect of tax. In the past few days, we’ve had numerous conversations with clients about how to deal with tax matters, and we thought it would be useful to share a more
Mar 18 2020 Government announces financial support for businesses affected by COVID-19 Categories: COVID-19EQ News With such an unprecedented and fast moving situation, we appreciate that the information being given by the Government to support businesses affected by COVID-19 is limited but will hopefully become clearer in the coming days. The various measures being put in place to support businesses, including those announced last night by the Chancellor in the Commons Budget more
Mar 17 2020 The Budget 2020 announces increase to tax relief pension savings Categories: Healthcare Welcomed changes will be made to the pensions tax system, as announced in Chancellor Rishi Sunak’s first Budget, in a bid to help high earners including senior NHS dentists and doctors who have been hit with high tax bills. The thresholds for the controversial tapered annual allowance will rise by £90,000 to ensure dental professionals more