Apr 22 2020 Improving cashflow for the construction sector – R&D tax credits Categories: COVID-19Property & ConstructionTaxation During the COVID-19 pandemic, the inability to work on site is having a massive cashflow implication for all businesses in the construction sector. As well as various support packages provided by the Government, either by way of grant, deferment of taxes or bank funding, there are other options that can be considered to increase cash more
Apr 22 2020 Further details announced on the second phase of funding support for businesses Categories: COVID-19EQ News On the 15 April, the Scottish Government announced a second phase of funding support measures, aimed at businesses who could not access funding previously announced. The package included a £100m fund to support the newly self-employed and other micro businesses which is expected to be available in the coming days. Economy Secretary, Fiona Hyslop, confirmed more
Apr 20 2020 Coronavirus Job Retention Scheme portal is now live Categories: COVID-19EQ News The online portal, allowing eligible employers to claim for furloughed employees’ wages through the Coronavirus Job Retention Scheme (CJRS) is now live. However, before you make a claim, there are steps that must be taken and details you must have to hand. In our previous article, we put together a summary of how the scheme more
Apr 20 2020 The Future Fund Categories: COVID-19EQ News This morning, the Government announced a new scheme called, The Future Fund. Aimed at innovative companies that are facing financial difficulties due to the ongoing COVID-19 pandemic, the scheme will provide convertible loans ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. The Future Fund will launch in more
Apr 17 2020 Scottish Seafood Business Resilience Fund Categories: COVID-19Food & Drink The Scottish Government have set up a specific £10m fund to help seafood and shellfish businesses affected by COVID-19. The seafood sector has been particularly impacted by the ongoing pandemic given its reliance on exports and the collapse of the domestic food service market resulting in many seafood processors encountering severe hardship. The grant is more
Apr 16 2020 Summary of support measures for farming businesses Categories: AgricultureCOVID-19 Farming businesses will not be immune from the current economic impacts of the COVID-19 pandemic. We’ve summarised below the main support measures which have been announced so far. Self Employed Income Support Scheme (SEISS) Most farmers still trade as a partnership or sole trade and consequently are self-employed. The SEISS is intended to support self-employed more
Apr 15 2020 Tax issues facing the Food & Drink sector – identifying tax opportunities Categories: COVID-19Food & Drink In these unprecedented times, you might think that tax is the last thing to consider, but it’s not all bad and there are ways you can look for opportunities. As proud members of Scotland Food & Drink, a key sector leader promoting the interests of Scotland, we have summarised some of the tax issues facing the more
Apr 15 2020 Second phase of funding support for businesses affected by COVID-19 Categories: COVID-19EQ News This morning, the Scottish Government announced the second phase of funding support measures for business, aimed at supporting those business which were not able to fully access the measures announced already. On top of the financial measures that were announced on 18 March, around £220m of further grants are being made available for businesses affected by COVID-19. more