May 28 2021 Two valuable tax reliefs critical to the food & drink sector Categories: Food & Drink Many in the food and drink sector could be missing out on valuable tax reliefs, which can be used to reinvest back into the business and ensure Scotland’s food and drink industry remains at the forefront of innovation, renowned for its high quality produce worldwide. R&D tax credits and capital allowances are just two examples more
May 26 2021 New measures for Construction Industry Scheme claims Categories: Property & Construction The government recently brought in updated powers for HMRC to crack down on abuse and help level the playing field for businesses within the construction industry by helping to increase the incentive to provide accurate submissions of Construction Industry Scheme (CIS) claims. These new measures that came into effect from 6 April 2021 do not more
May 25 2021 Is it time to use some of your reserves? Categories: Charities Every charity must have a reserves policy, which states the level of unrestricted reserves a charity has in place and the reasons why they are holding these funds in reserve. The policy tends to reserve sufficient funds to cover the operating costs of the organisation for a specific number of months, were there to be more
May 12 2021 Supporting our clients, Growers Garden Categories: Food & DrinkLeisure Throughout the pandemic, we have worked hard to support our clients, offering our help and advice at every opportunity to ensure they can weather the storm and come back stronger. One such client is an innovative food manufacturing company that emerged out of East of Scotland Growers, a farmers’ cooperative whose desire was to reduce more
May 5 2021 Farmers should enjoy their favoured tax status, while it lasts Categories: AgricultureTaxation Many commentators were anticipating major changes to Inheritance Tax (IHT) and/or Capital Gains Tax (CGT) in the March budget to raise additional tax revenue to cover the cost of the COVID pandemic. Surprisingly, as it turned out, there were no changes to these taxes apart from the fact that the IHT nil rate band (the more
May 4 2021 How we’ve been supporting our clients, M-Line International Coaches Ltd Categories: Corporate FinanceCOVID-19Leisure Last year, despite the ongoing turmoil, we recruited a variety of new clients across Scotland as many businesses felt they weren’t getting the right level of support elsewhere. One of those clients was M-Line International Coaches Ltd, a family business with over 30 years of experience in coach holidays. Like all businesses involved with travel, more
Apr 28 2021 Double award success for our clients, Derrybeg B&B Categories: Leisure With lockdown restrictions throughout the pandemic having effectively closed the doors of many leisure businesses for the past year, there have been those who have used this time to invest in their business and remain connected to their customers throughout. One such business, that we are pleased to call our client, is Derrybeg B&B, an more
Apr 27 2021 Have your say in the Kreston Charities Group survey! Categories: Charities To help us understand the impact that the pandemic has had on your financial position and ability to deliver your planned objectives in the short-term, we are conducting a short survey. In order to get a more informed picture, our EQ Charities team are running the survey as part of Kreston UK, a network of more