Jan 21 2020 Capitalise on the enhanced AIA limit before it expires Categories: Food & Drink Food and Drink producers often operate in a capital-intensive business environment. To continue to grow and invest in new plant and equipment, capital allowances are available which reduce the taxable profit, making investments more attractive. On 1 January 2019, the Government introduced an enhanced Annual Investment Allowance (AIA) limit, from £200,000 to £1million. The two-year more
Dec 17 2019 A Perfect Pairing – Working with Kitchin Group Categories: Food & Drink Guests are always looking for that perfect experience and restaurants are under pressure to go above and beyond to meet customers’ expectations. Firmly established as one of Scotland’s most successful and recognisable restaurant groups, Kitchin Group, based in Edinburgh is home to Tom Kitchin and his family. Awarded as Restaurateur of the Year at the more
Dec 11 2019 Supporting our clients with the growth of their business Categories: Amber AccountingFood & Drink As a client’s business portfolio grows, so do the challenges and opportunities, therefore, it is important to have a trusted team of advisors, providing professional and trusted support allowing the business to not only function, but succeed and thrive. That was certainly the case for Brett Lawrence, owner of the award-winning Rocca Deli in St more
Dec 3 2019 Can VAT help to boost your profits? Categories: LeisureTaxation The VAT Flat Rate Scheme allows some smaller businesses to benefit from paying a lower rate of VAT to HMRC. The scheme is often used by contractor type businesses, but is less widely used in the leisure sector. Instead of declaring the standard 20% on sales, you pay a lower percentage to HMRC that varies more
Nov 22 2019 The rise of contactless payments Categories: Food & DrinkTaxation Contactless payments are becoming increasingly popular, especially in the food and drink industry, where it is estimated that half of all debit card transactions are contactless. In the UK, contactless payments on debit and credit cards have a maximum limit of £30 however mobile payment methods, such as Apple Pay and Google Pay, are better more
Oct 25 2019 Significant purchase activity in the hotel sector Categories: Leisure In the past two years particularly, our specialist leisure team has seen a spike in the volume of hotels being bought and sold in Scotland, many of which we have been directly involved in. Whilst there have been a number of ‘corporate purchasers’, there is still strong demand from independent operators and from the overseas more
Sep 24 2019 We are proud to co-sponsor Angus Brewfest alongside Thorntons Categories: EQ NewsFood & Drink We are proud to again co-sponsor Forfar’s answer to Oktoberfest – Angus Brewfest, an annual food and drinks festival taking place at Strathmore Hall in John Street. Sponsored by Thorntons Solicitors and EQ Chartered Accountants, this year’s live music entertainment includes ‘Dogs off the Lead’ – an unplugged acoustic set performed by local band Dog more
Sep 13 2019 Helping our food & drink clients explore ‘untapped’ tax savings Categories: Food & DrinkTaxation Research and Development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation and we urge food and drink businesses to explore the potentially significant tax savings often associated with manufacturing or scientific companies. Our Taxperts have claimed over £0.5M R&D tax savings for 13 food and drink clients within the last more
