May 3 2019 Our Taxation News – Spring 2019 is now available! Categories: Taxation Our Taxation News – Spring Edition is now available, featuring segments from each of our tax services, as well as client profiles and the latest tax round-up news. Our newly designed bulletin, in keeping with our dedicated tax website, showcases the fantastic and varied tax expertise, experience and excellence we provide to our growing client more
May 2 2019 EQ Supports Fife Engineering Firm Move to Employee Ownership Categories: Engineering & ManufacturingTaxationTechnology With the support from our Taxperts, G S Brown Limited has safeguarded its future by moving into an Employee Ownership Trust (EOT) structure. In a move that secures the business in its Fife location, owners Des and Mike Brown transferred the majority of the company’s shareholding to the Trust for the benefit of the company’s 27 more
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 25 2019 Liz Goldie awarded the highest level of tax qualification in the UK Categories: EQ NewsPeopleTaxation Congratulations to Liz Goldie, based in our Cupar office, who has passed the prestigious Chartered Institute of Taxation (CIOT) exams, qualifying as a Chartered Tax Advisor (CTA). The CIOT is the leading professional body in the UK for advisors dealing with all aspects of taxation and Liz will now bring our total number of Chartered 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