Jun 13 2019 To be or not to be an employee – that is the question Categories: Professions Self employed individuals often want to be treated as employees for employment law purposes. This will give them possible entitlement to compensation for loss of their job or holiday pay or sick pay. Recent cases include Uber drivers, who successfully argued that they are employees. However, when it comes to taxation, you may not wish more
Jun 11 2019 The easy transition to Making Tax Digital Categories: EQ AccountingMaking Tax Digital Following on from our previous article discussing bridging software, we have provided a detailed example of how bridging software can help with your Making Tax Digital (MTD) submissions below. We have a client who was using a manual cashbook to process their monthly VAT Return for their farm, and discussed the implications of MTD for their business. more
Jun 11 2019 We’re investing in our Dundee premises to accommodate growth Categories: EQ News We are expanding our City Quay, Dundee premises to accommodate significant growth in recent years – and further anticipated growth in the short term. We are incorporating the 2,300 sq ft unit next door, which was acquired at the end of 2018. The work to renovate and connect the additional space commenced last week, and more
Jun 6 2019 Helping Palimpsest Book Production Ltd with their transition to Employee Ownership Categories: Taxation Our Employer Solutions Taxperts have written a series of articles about Employee Ownership Trusts (EOT) on our EQ Taxperts website, including how an EOT sale structure is implemented, how the shareholders dispose of their shares to a Trust for the benefit of the employees, and how the selling shareholders are paid for their shares. In more
May 30 2019 Environmental Initiatives set to impact Hospitality Industry Margins? Categories: Food & DrinkLeisure In February 2019, The Department for Environment, Food and Rural Affairs (Defra) launched its consultation on the bottle deposit scheme adopted from successful schemes in Denmark, Finland, Germany, Norway, the Netherlands and Sweden. The scheme aims to cut plastic bottle and can pollution by introducing a deposit return scheme (DRS) with packaging manufacturers paying the more
May 29 2019 A Day in the Life of a Bookkeeper Categories: EQ AccountingPeople At EQ, we understand that juggling the financial and operational side of your business, at the same time as actually running the business, is not easy. That’s why we have a dedicated department called EQ Accounting, to offer our expertise and support to your day-to-day financial controls, to allow you to focus on running your business. Our more
May 28 2019 Bridging Software for Making Tax Digital Categories: EQ AccountingMaking Tax DigitalTaxation With the advent of Making Tax Digital (MTD), HMRC will be expecting all businesses caught within the scheme to submit VAT returns through software, rather than through the traditional Government Gateway. Most software providers have now released MTD compliant software and this may involve paying to upgrade existing systems or changing them completely. Whilst some more
May 24 2019 Trainee Solicitors – Investing for the future Categories: Professions The Law Society of Scotland have recommended that trainee solicitors should receive a minimum salary increase in 2019/20 of £500. This will mean a minimum salary of £19,500 for first year trainees and £22,500 for second year trainees. The recommended rate is only advisory but sets the benchmark for member firms. Although employers have discretion more