Aug 9 2016 Kreston UK Technology Survey Categories: Technology In conjunction with our colleagues in the Kreston network across the UK, we’ve previously issued questionnaires to businesses involved in the Technology sector and produced reports summarising their concerns, experiences and hopes for the future. The last time we completed the annual survey was during 2013 and followed it up with a quarterly ‘Barometer’ during more
Aug 1 2016 New partner appointed at EQ Accountants Categories: People Brought up in Montrose, Angela joins the firm from Henderson Loggie and, prior to that, KPMG. She undertook her examinations with the Institute of Chartered Accountants of Scotland (ICAS), qualifying in 1992. A graduate of Heriot-Watt University, Angela went on to become a member of the Chartered Institute of Taxation (CIOT) in 1995. Membership of more
Jul 6 2016 Corporation Tax Relief Changes for Goodwill Categories: Healthcare When care home businesses are purchased there may be an element of goodwill value included in the purchase cost. The goodwill amount is the cost over and above the fair value of the net assets of the business. Businesses usually capitalise this goodwill as an intangible fixed asset and write it off over a number more
Jun 26 2016 Training Grant 2015/16 Categories: EQ AccountingManagement Accounts Skills Development Scotland have announced the extension of the Flexible Training Opportunities Grant Scheme for the year to 31 March 2016. The grant is aimed at small businesses based in Scotland, who wish to enhance employees’ skills and bring real benefits such as improved productivity and a stronger, more confident workforce. The criteria for qualifying more
Jun 21 2016 Auto-enrolment – Are You Ready? Categories: EQ AccountingPayroll Auto-enrolment was introduced for large employers in 2012. The provisions compel employers to register with TPR (www.tpr.gov.uk/registration), and ultimately provide adequate provision for employee pensions through an AE process. Employees can opt out, and certain jobholders can have their inclusion in the process postponed, but the responsibility lies firmly with employers to put proper systems more
Jun 21 2016 Fuel Scale Charges from 1 May 2016 Categories: EQ AccountingPayroll The VAT Fuel Scale Charge is a simplified way of taxing the private use of car fuel. If you use your business vehicle for private use you can claim all the VAT on road fuel as long as you apply the appropriate fuel scale charge. You will need to know the CO2 emissions rating of more
Jun 21 2016 P11Ds Categories: EQ AccountingPayroll All employers should remember the filing date for P11D returns with HM Revenue and Customs is 6 July 2016. P11D returns are normally needed where employees earning over £8,500 per year (including value of the benefits), or any company directors, receive any benefits or expenses payments from their employer. For employees earning less than £8,500, more
Jun 15 2016 Creating a Reserves Policy Categories: Charities Why might you need reserves for the charity to be effective? The basis of a good reserves policy is to think through why some funds may need to be held back as a reserve. For a small charity with a simple structure and uncomplicated activities reasons may include: Risk of unforeseen emergency Covering unforeseen day-to-day more