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Filtered By Category: Leisure

Feb 20 2019

Pitching the Value of the Scottish Holiday Park & Campsite Sector

Categories: Leisure

A major report on the economic value of holiday parks to the national UK economy has been published by the UK Caravan & Camping Alliance, which includes the British Homes & Holiday Parks Association (BH&HPA). In short it confirms that the Scottish holiday park and campsite sector punches above its weight with a higher length of stay more

Feb 7 2019

The trend for low and non-alcohol sales is set to rise

Categories: Leisure

Licensees across Scotland have seen sales of low and non-alcohol significantly increase, particularly with consumers aged 18 to 25. Those working within the industry believe that the changes are due to the lowering of the drink drive limits together with an increased awareness of health benefits and a more responsible drinking culture. It is estimated more

Jan 8 2019

Inheritance Tax relief update for holiday parks

Categories: Leisure

Business property relief (BPR) can reduce the taxable value of relevant trading business property by up to 100% when sold or transferred on death. Caselaw has played a significant role in determining when BPR has been allowable, often ruling in favour of HMRC. Recent caselaw has seen the courts ask  – is the business, wholly or more

Dec 10 2018

Would Cloud Accounting benefit your business?

Categories: LeisureMaking Tax Digital

From this April, the current government’s intention to bring Making Tax Digital (MTD) for all businesses, including sole traders and landlords, with a turnover above the VAT threshold (currently £85,000) to keep digital records for VAT purposes comes into force. This means that manual record keeping for VAT registered businesses will no longer be acceptable more

Aug 13 2018

More rooms at the Inn!

Categories: Leisure

A recent survey by Savills indicates that the first 6 months of 2018 saw investment in Scottish hotels of £390m, double the total of the full year before.  Concerns over Brexit, a weak pound and the terrific weather has meant a tourism boom for Scotland as more people decide to stay at home for their more

Jul 24 2018

Gearing up for a sale

Categories: Corporate FinanceLeisure

EQ has recently began acting on behalf of a leading food and drink producer based in Scotland. The business decided to make the move after feeling that they had outgrown their existing advisors. At the initial meeting, the owner advised that a sale of one of their premier brands was a real possibility, though not more

Jul 17 2018

We are proud to co-sponsor Angus Brewfest alongside Thorntons

Categories: EQ NewsLeisure

Forfar’s answer to Oktoberfest has secured sponsorship from two local firms for this year’s festival, namely EQ Chartered Accountants and Thorntons Solicitors. Angus Brewfest is an annual food and drinks festival in Forfar which offers a vast selection of beer and non-alcoholic drinks from Scottish brewers and producers – many of which are local to more

Jul 6 2018

Restructuring of local hotel and restaurant in Fife

Categories: Corporate FinanceLeisure

Our Leisure specialists have recently assisted in the successful restructuring of a hotel/restaurant in the north of Fife. The business operates through a limited company, and EQ were on hand to assist when one of its shareholders was looking to sell their stake in the business. EQ facilitated a management buy out of the shares more