Mar 20 2020 The impact of COVID-19 on the leisure sector Categories: COVID-19Food & DrinkLeisure Our EQ Leisure specialists are fully aware of the current devastating effects of the current COVID-19 pandemic. We have been having constant discussions with our leisure clients who are experiencing unprecedented issues. There is no one size fits all, so our leisure team will do anything it can to support you through this difficult period. more
Feb 19 2020 2020 expectations for the leisure sector Categories: Leisure Despite political uncertainty and the pound remaining weak, our specialist EQ Leisure team has high hopes for the sector with those involved in tourism, such as hotels, holiday parks and guest houses expecting a strong year in 2020. However, the sector may face some challenges ahead, particularly in attracting good people. Scotland is blessed with more
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
Jan 14 2020 Corporate Finance Deal Done! Categories: Corporate FinanceLeisure We recently completed a business purchase to the value of £3.25m for a company in the leisure sector. Our client is a Scottish tourism business that was looking to expand their portfolio through acquisition. EQ acts for many leisure businesses in Scotland and has extensive expertise in the issues involved. What type of work was involved? 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: EQ 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