Jul 7 2020 How we’ve been supporting our clients, Arbuckle Poultry Ltd Categories: AgricultureCOVID-19Taxation At EQ, along with helping our clients access relevant funding and support, we have continued to provide our usual in-depth tax and business advice, delivering a variety of complex work to ensure our clients flourish. One of those clients is Arbuckle Poultry Ltd, a family run farming business that sits on the boundary between Angus, more
Jun 15 2020 We have helped clients save over £20m of R&D tax savings Categories: EQ NewsTaxation Our R&D taxperts have secured over £20m of Research & Development tax credits for companies across Scotland in a large variety of sectors. Over the last nine years, we have completed over 360 claims for innovative companies who have undertaken problem solving activities to adapt or create new processes or products, many of whom didn’t think they more
Jun 8 2020 Are you aware of the VAT treatment on certain takeaway items? Categories: Food & DrinkTaxation With many restaurants and cafes opening as takeaway only due to the impact of coronavirus, we wanted to highlight the different VAT rules that can apply to certain items. All hot or cooked takeaway food and most drinks will continue to be subject to VAT at 20% but there are some cold items that can more
May 13 2020 Improving cashflow for the construction sector – corporation and income tax Categories: COVID-19Property & ConstructionTaxation As the COVID-19 pandemic continues, the inability to work on site is having a massive cashflow implication for all businesses in the construction sector. While many staff and sub-contractors are in self-isolation and mounting invoices start to become overdue, it may be prudent to revise your tax position as a means to reduce your current more
Apr 29 2020 Improving cashflow for the construction sector – VAT 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 discussed in our previous article, Research & Development (R&D) tax credits can increase cash inflow however there are also various VAT relief options. The Governments VAT deferral scheme supports those affected by the COVID-19 pandemic by more
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 13 2020 R&D Tax Credits – a critical cash flow injection Categories: COVID-19Taxation At a time of great concern for all of us, many businesses are still missing a valuable opportunity to increase their cash flow by thinking they cannot claim for R&D tax credits. Here is a quick reminder of the basic eligibility criteria: You must trade as a limited company You must incur qualifying costs, typically more
Mar 19 2020 Spreading the cost of tax Categories: COVID-19Taxation Given the current climate, the focus of our advice from our EQ Taxperts switches from tax planning to managing the cost and cash flow effect of tax. In the past few days, we’ve had numerous conversations with clients about how to deal with tax matters, and we thought it would be useful to share a more