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Apr 22 2019

Summary of Recent Changes to Capital Allowances

Categories: Taxation

The 2018 Autumn Budget confirmed a number of changes to capital allowances, all of which are now in force. Capital allowances can provide substantial tax savings to businesses and it is therefore important that these are maximised where possible. Structures and building allowance (SBA) From 29 October 2018, capital allowances are now available for new more

Apr 8 2019

New Tax Year

Categories: Taxation

Saturday (6 April 2019) was the start of the new 2019/20 tax year, bringing into effect changes to income tax bands and allowances. The personal allowance is now £12,500, up £650 from £11,850 in 2018/19. However, there remains a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000. The reduction is more

Apr 2 2019

EQ celebrate significant growth over the last five years

Categories: EQ NewsTaxation

We are delighted to be celebrating significant growth, with an increase in turnover to £7.5M, compared to £3.8M in 2014 – almost 95% in just five years. During the same period, our staff numbers have grown from 70 to 130. While a proportion of our growth can be attributed to the acquisition of offices in Fife more

Mar 14 2019

Research & Development Claim Settled!

Categories: Taxation

Our team recently completed two Research & Development (R&D) claims for an engineering client based in the East of Scotland, resulting in a client saving of £156,386! Our client is researching and developing wind energy technology for offshore installation. The work performed by our client is all pre-revenue and is primarily engineering conceptual work and design more

Mar 13 2019

Spring Statement Commentary

Categories: Taxation

Chancellor, Philip Hammond, delivered his brief Spring Statement earlier today which was met with the usual mix of back slapping and derision in equal measures, intensified no doubt by the spectre of Brexit. Carrots were dangled with post Brexit bonuses in the event of a deal being struck, particularly given the UK’s encouraging borrowing figures. more

Mar 7 2019

Research & Development Claim Settled!

Categories: Taxation

Our team recently completed a Research & Development (R&D) claim for a client based in the West of Scotland, resulting in a client saving of £23,400! Our client is a University spin out company specialising in the design and development of tactile sensory technology. During the year of claim, the company was involved in several qualifying more