Oct 3 2018 Paying the penalty Categories: Taxation Revenue Scotland recently released their 2017-18 Annual Report and Financial Statements, announcing an 11% increase in revenue for devolved taxes, Land and Buildings Transaction Tax (LBTT) and Scottish Landfill Tax (SLfT), from the previous year. They also announced that more than £1.7m of penalties were issued within the year – a 500% increase on 2016-2017 – more
Oct 2 2018 #TalentTuesday – Laura Dorward Categories: EQ NewsPeople Where and what did you study at University? Mathematics and Financial Economics at University of Dundee. Why did you choose a career in Accountancy? I wanted to use my degree but also gain further qualifications. Accountancy was a perfect fit. Why did you choose to apply to EQ Accountants to complete your professional qualification? I more
Sep 26 2018 Making Tax Digital – choosing the right software for you and your business Categories: EQ AccountingMaking Tax Digital As Making Tax Digital (MTD) draws ever closer, more software providers are engaging with HMRC to test their software for functional compliance with MTD. HMRC have recently published a list of suppliers who are currently working on pilot schemes for the digitalisation of tax recording systems. You can view the list of software providers, by more
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