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Filtered By Category: Taxation

Dec 14 2020

We supported Dunedin Advisory to transition to an Employee Ownership Trust

Categories: ProfessionsTaxation

We have assisted restructuring and insolvency specialists Dunedin Advisory in their transition to become an Employee Ownership Trust (EOT). Since making the decision to become an EOT, the firm’s staff have fully engaged in the goal of strengthening and developing not only the business but their future personal development too. With offices in Dundee, Glenrothes and Glasgow, Dunedin more

Dec 9 2020

Is your architecture firm ‘missing out’ on securing R&D tax relief?

Categories: ProfessionsTaxation

Architecture firms can often use experimental processes to achieve the desired outcome for their projects, yet many are missing out on a tax relief which rewards the very thing that many within the architecture industry consider to be just ‘part of the process’. Research and Development (R&D) tax credits are a government-backed initiative designed to encourage more

Nov 30 2020

VAT Payment Deferral

Categories: Amber AccountingCOVID-19Taxation

As announced by the Chancellor in his Winter Economy Plan, businesses that deferred their VAT payments earlier this year will now have the option to pay in smaller increments over a longer period. Those that deferred VAT due from 20 March to 30 June initially had until 31 March 2021 to fully pay any outstanding more

Nov 16 2020

Making the most of the increased AIA limit extension

Categories: LeisureTaxation

With many leisure and hospitality businesses either closed or working on reduced capacity due to COVID-19, and the recent extension of the Annual Investment Allowance (AIA) limit, now is the time to review your planned capital expenditure to avoid missing out on valuable tax relief. The AIA limit of £1m was due to drop back more

Nov 13 2020

Annual Investment Allowance Limit extended until January 2022

Categories: Taxation

The Annual Investment Allowance (AIA) was temporarily increased to £1m for a two-year period and was due to end on 31 December 2020. However, the Treasury has announced that this will be extended by a further year, until 1 January 2022. The increase to the AIA allows businesses to obtain 100% tax relief on qualifying more

Aug 20 2020

Employee Ownership Explained

Categories: Taxation

Since its introduction in 2014, the Employee Ownership Trust (EOT) has proved to be a feasible exit option for business owners who may not want to go down the more traditional succession routes. To help understand the process and benefits of using EOTs as a succession solution, Co-operative Development Scotland are hosting a series of more

Aug 20 2020

R&D claim secured for new healthcare client

Categories: HealthcareTaxation

We recently assisted a new healthcare client with their first R&D claim after they contacted our EQ Taxperts to discuss whether they were eligible. The business was set up as a company, so as it was subject to UK corporation tax it could therefore make a claim if it met other criteria to qualify for more

Jul 10 2020

Scottish Government’s plans to boost the Scottish Economy

Categories: COVID-19Taxation

In response to the Economic Statement delivered by the Chancellor on Wednesday 8 July, Finance Secretary, Kate Forbes, announced the Scottish Government’s plans to boost the Scottish Economy. To support homebuyers and help stimulate housing market activity and the economy, the threshold at which Land and Buildings Transaction Tax (LBTT) is paid will be raised from more