Is book-keeping a drain on your time?

Posted on May 7, 2017February 2, 2023 by Fiona Campbell

Advice from EQ Accountants

The level of automation available from using a cloud accounting book-keeping system, such as Xero, benefits a business by reducing the time taken to process the books and records.
Take Bank Rules as an example. They are an important tool when processing bank transactions. These allow the user to define how recurring entries should be posted, avoiding the need to continually make entries for them, and also assists by ensuring that all of these entries are treated consistently.
This means recurring entries can be reconciled quickly and effectively, giving you more time to focus on the day-to-day running of your business.
Should you have any questions regarding Xero and its functionality, please contact EQ Accountants (contact EQ Accountants in the Members Area – Trade Suppliers).

New trade supplier: Leisure Days

Posted on May 7, 2017February 2, 2023 by Fiona Campbell

The importance of specialist insurance for your holiday property

If you own a holiday home, cottage, or apartment in Scotland then you’re going to need specialist insurance which offers more than a standard home policy.

And if you hire out your property you’ll need specific insurance cover to protect you against all manner risks, including damage caused by guests or pets, as well as loss of rental income.

Leisuredays is a family-run business, open 7 days-a-week, and provides a specialist policy for holiday homes, with the reassurance of cover backed by leading UK Insurer – RSA. Working with the Association of Scotland’s Self-Caterers (ASSC), Leisuredays is keen to provide competitive rates for its owners.

Why choose Leisuredays to insure your holiday home?

Extensive cover for your holiday home with a 24 hour claims helpline
Peace of mind with cover for fire, theft, storm, flood and malicious damage
Automatic new for old cover
Buildings up to £500,000 rebuild cost (not market value) and £40,000 contents as standard
£2,000 short term alternative accommodation costs
Malicious damage and theft by guests
Replacing or repairing your holiday home and contents if they are damaged or stolen
Up to £80,000 loss of rent
Substantial cover to make sure you don’t lose rental income in the event of a claim
Legal expenses up to £100,000
If you get into a dispute or need help evicting squatters, you’ll get help to defend your legal rights
£5 million public liability cover
Protection from the costs of accidents, injuries or damage you are legally responsible for

PLUS pet damage option and accidental damage, generous unoccupied terms, £750 locks and keys cover, £2,000 cover for items kept outside.

If you own more than one holiday home, Leisuredays can cover up to four properties under one policy, they even provide extra discounts for each property you insure, so the more holiday lets you own, the more you could save on your insurance!

Plus there’s security discounts for properties fitted with an alarm system, which is maintained annually.

Larger property portfolios can be referred to their partner company Wilby Ltd, who are Chartered Insurance Brokers.

If your holiday property insurance is due for renewal call Leisuredays on 0800 433 4989 for an insurance quote, mentioning “ASSC”.

Or if you’re not yet due for renewal then simply email your renewal date to development@leisuredays.co.uk and we’ll contact you nearer the time to provide you with a competitive quote.

For more information visit http://www.leisuredays.co.uk/holiday-home-insurance/

Scottish Expert Advisory Panel on the Collaborative Economy

Posted on May 6, 2017February 2, 2023 by Fiona Campbell

Call for Evidence

The Collaborative, or sharing, economy consists of giving, swapping, borrowing, trading, renting, and sharing products and services for a fee, between an individual who has something and an individual who needs something, via an online marketplace.

In the case of self-catering / short-term letting it relates to Airbnb, HomeAway, Houseswap etc.

Following the massive growth of Airbnb, the Scottish Government has appointed a specialist panel to review the effects of short-term lets on the Scottish housing market.

This independent advisory panel, chaired by Helen Goulden, Executive Director of Nesta, will report back to Ministers by the end of this year.

Key considerations

The Government has identified the following key considerations for the panel:
How to ensure regulation is fit for purpose.
How to protect and empower consumers and identify clear routes to redress.
How to support Scotland’s business base to compete in the evolving market.
How to ensure the wider economic, social and community impacts are understood.

Your opinion counts.

The panel will be reviewing a number of areas, including:
Regulation.
Peer-to-peer accommodation (eg Airbnb).
Taxation.

Workers’ rights.

To ensure your voice is heard, please take part in this survey.