Feb 18 2020 Manufacturing business optimism is on the rise Categories: Engineering & Manufacturing The Confederation of British Industry (CBI) recently published its quarterly UK manufacturing optimism statistics, and the results were encouraging. After surveying 300 manufacturing firms, the CBI reported that business optimism for Q1 2020 was +23, which is an impressive increase from the -44 in the previous quarter. With business optimism improving at its fastest pace since 2014, more
Feb 11 2020 Corporate Finance Deal Done! Categories: Corporate FinanceEngineering & Manufacturing Our client is a long-established print and design company, with over 25 years in the trade. Located in Central Scotland, the business has a reputation for great customer service, high quality products and a strong focus on family values. The client also boasts a list of highly regarded customers. What type of work was involved? more
Jan 8 2020 Engineering businesses – finding the right software Categories: Engineering & ManufacturingEQ Accounting Within any engineering business, there can be many tasks that require management applications to ensure the smooth running of the business. These can range from simple quoting and invoicing through to manufacturing bill of materials and stock control. There are business management applications that offer many of these functions, but finding the right one for more
Oct 16 2019 Helping our clients, James Penman Plant Hire, benefit from the increased AIA limit Categories: Engineering & ManufacturingTaxation As mentioned in our previous article, the Annual Investment Allowance (AIA) limit has been increased from £200,000 to £1million and is valid until 31 December 2020, however many businesses aren’t planning on taking advantage of this higher limit, partly, due to a lack of understanding and awareness. The AIA increase provides a great opportunity for businesses to more
Jul 9 2019 Why are engineering and manufacturing firms ‘missing out’ on the increased AIA? Categories: Engineering & Manufacturing The Autumn Budget announced the temporary increase in the Annual Investment Allowance (AIA) limit, from £200,000 to £1million. This increase will remain until 31 December 2020, meaning businesses will have a two-year window to take advantage of this higher limit. The increase to the AIA will allow engineering and manufacturing businesses to obtain 100% tax more
May 23 2019 Enterprise Management Incentives – A tool in the war for talent Categories: Engineering & Manufacturing With a highly competitive labour market, retaining a skilled workforce and rewarding long-term loyalty are key priorities for businesses in all sectors, but particularly the Engineering and Manufacturing sector. According to recent research, businesses in Scotland are struggling to recruit and retain workers with the right skill set. A popular method for many privately owned 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