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Filtered By Category: Specialisms

May 16 2019

Amended VAT Rules Affecting the Hospitality Industry

Categories: Leisure

HMRC amended the rules of how to treat VAT on deposits and retained payments where a service is not used, or goods have not been collected. This impacts on the ‘no-shows’ in the hospitality sector, when you have taken a deposit which is non-refundable, but your customer does not show up or cancels their booking. more

May 7 2019

How to avoid the Annual Investment Allowance trap

Categories: Property & ConstructionTaxation

Following on from our previous article regarding the recent changes in the Annual Investment Allowance (AIA), businesses need to be careful as any qualifying capital expenditure falling within the allowance could be eligible for 100% tax relief. Below is a more detailed explanation of how you can avoid the AIA trap. On 1 January 2019, a more

May 6 2019

Working with Melrose Farms

Categories: AgricultureEQ NewsTechnology

The agriculture sector can be one of the most lucrative industries but also one of the most unpredictable and one which requires huge financial investments. For that reason, farming, especially family businesses, benefit from tailored business support, particularly when looking at diversifying into other projects to compliment traditional farming practices. A prime example is Melrose more

May 1 2019

Supporting ‘Agritourism’ and rural businesses across Scotland

Categories: Food & DrinkLeisure

Our privileged position as tax advisors and accountants to many rural businesses throughout Scotland’s wonderful landscape has allowed us to be involved in advising clients on a range of leisure sector projects, often diversification enterprises from the main rural business. These projects have included tourism accommodation, shops and cafes, and events venues. As Scotland’s tourism more

Apr 24 2019

How can a profitable business collapse?

Categories: Professions

The collapse of a well known Scottish legal firm, reportedly making an annual net profit of £950,000 with turnover of £4.9m, may seem surprising to most people. In many ways it is surprising, but businesses and the modern economy change at a rapid pace nowadays and successful businesses can simply be left behind if they more

Apr 19 2019

Going the Extra Mile

Categories: Charities

Sometimes juggling the financial and operational side of your charitable organisation, whilst dealing with lots of other things in your life, is not easy. We believe in taking away the hassle, giving you the chance to focus on running your charity – that’s why we offer our charities clients a complementary service line. In addition to more