Latest News

Filtered By Category: Services

Oct 30 2018

Autumn Budget Summary 2018 – Austerity no more?

Categories: Taxation

“Spreadsheet Phil” delivered his Budget address yesterday afternoon, with a clear health warning that it was based on a decent Brexit deal being secured. The end of austerity was proudly announced and the Chancellor headlined measures such as the extension of the Annual Investment Allowance to £1m for capital expenditure (for two years from 1 more

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

Sep 17 2018

Platinum seal of approval

Categories: Amber AccountingMaking Tax Digital

With just over six months to go until Making Tax Digital (MTD) legislation comes into effect across the UK, we are delighted to be awarded the status of Xero Platinum Champion Partner, the highest possible commendation for our commitment to service innovation and staff development.  Xero is Britain’s leading online accountancy software, one of many more

Sep 14 2018

Are you ready for Making Tax Digital?

Categories: Amber AccountingMaking Tax Digital

HMRC have embarked on a massive project, Making Tax Digital (MTD), to insist that most businesses, including sole traders and landlords, keep their accounting records using computer software. The aim is that the software will automatically update HMRC with relevant data on their business income and expenses on a quarterly basis. From April 2019 VAT more

Sep 11 2018

Taxation on separation and divorce

Categories: ProfessionsTaxation

Tax is not always at the forefront of a couples mind when dealing with the unpleasant business of a separation or divorce. However, if ignored there could be unintended consequences and costs on the division of assets. Whilst married, assets can be transferred between spouses with no capital gains tax payable. This particular relief does more

Jul 24 2018

Gearing up for a sale

Categories: Corporate FinanceLeisure

EQ has recently began acting on behalf of a leading food and drink producer based in Scotland. The business decided to make the move after feeling that they had outgrown their existing advisors. At the initial meeting, the owner advised that a sale of one of their premier brands was a real possibility, though not more