Latest News

May 17 2023

Are you making the most of technology in your business?

Categories: EQ AccountingProfessions

We are living in an ever-changing technology era where businesses are moving away from paper records and having to reconcile balances by hand. The capabilities of current day accounting software are helping reduce the manual intervention and strains on bookkeepers and internal management. Today’s accounting software can now connect directly to your online banking, invoice more

May 16 2023

Making your children’s nursery more attractive to your staff

Categories: HealthcarePayroll

With children’s nursery providers struggling with rising costs, the added pressures on recruiting and retaining costs can be overwhelming. While the Scottish Government aims to review the impact of the disparity of ELC funding on the workforce, there are things providers can do internally to improve their cashflow. Actively holding on to your key staff more

May 4 2023

Basis period reform: what does it mean for your farming business?

Categories: AgricultureTaxation

From 6 April 2023, HMRC implemented reforms to the basis period method of assessment which will affect all sole traders, partnerships and LLPs that currently do not prepare their annual accounts to a year ending between 31 March and 5 April. The previous basis period rules Under the previous rules, all unincorporated businesses were assessed more

Apr 25 2023

Our agricultural event calendar for 2023!

Categories: Agriculture

As well as visiting clients on their farms to deal with their service requirements, our EQ Agriculture team have a packed calendar supporting various sector events over the course of the year. If you are going to any of the upcoming shows that we’re attending and/or exhibiting at, please come say hello to our EQ more

Apr 21 2023

Basis Period Reform – time to start planning

Categories: LeisureTaxation

The UK Government have confirmed that the basis period reform will go ahead as planned. This means that the profits and losses of sole traders and partnerships, of which many Furnished Holiday Let (FHL) businesses are operated, will be calculated based on the tax year itself, not the accounting period ending in the tax year more

Apr 6 2023

National Living Wage changes from 1 April 2023

Categories: EQ AccountingPayroll

From 1 April 2023, the National Living Wage (NLW) increased by almost 10% to £10.42 for all those aged 23 and over. The National Minimum Wage (NMW), which applies to workers above school leaving age but under 23, and the apprentice rate also increased. The NLW and NMW rates will increase as follows: *Applies to people aged more

Mar 22 2023

Associate dentists – are you self-employed or employed?

Categories: Healthcare

Previous HMRC guidance which automatically treated associate dentists as self-employed will be removed from 6 April 2023. After this date, associates will be assessed using the ordinary tests of employment to determine employment status. If you are classed as an employee by HMRC, you and your employer will be required to pay PAYE and Class more