Dec 15 2023 Are dentists paying the correct amount of tax? Categories: Healthcare The deadline for filing your Self Assessment tax return, 31 January 2024, is fast approaching. If you file late, even by 1 day, you will be charged penalties, with interest also charged if your payment is late. We always advise that returns are prepared as early as possible to allow for planning of tax liabilities, more
Dec 15 2023 How did the Autumn Statement impact FHL’s? Categories: Leisure In the weeks prior to the Autumn Statement, there had been rumours of an extension to the nil rate band for Inheritance Tax (IHT), but as it transpired, there was nothing mentioned. That ensures that any family succession or estate planning can proceed without the inconvenience of rules changes, with various IHT reliefs also left more
Dec 11 2023 Keeping it in the family Categories: Leisure The holiday park sector has always been heavily populated with family-owned businesses, often spanning several generations. Succession matters are perhaps the most important issues within family businesses, in particular picking the right method by which to pass on the family business. It would normally be assumed that this would be done by way of gift, more
Nov 15 2023 Can your manufacturing business use support provided by SMAS? Categories: Engineering & Manufacturing While the manufacturing sector continues to play an important part in Scotland’s economy, it has been subject to a great deal of change in recent years. In order to help our clients thrive, our EQ Engineering & Manufacturing team offer a series of specialist services and advice – from business strategy and corporate finance, to more
Nov 9 2023 How we support our clients, Morgan Patterson Group Categories: EQ NewsHealthcarePeople Buying their own dental practice is the ultimate career goal for many dental professionals, with some aspiring to run multiple practices. Whether it’s setting up squat practices, buying into an existing practice or acquiring practices outright, it’s important to have an accountant who can help to navigate the complexities and ensure you are making the more
Oct 26 2023 Scotland Manufacturing & Supply Chain Conference & Exhibition Categories: Engineering & Manufacturing Members of our EQ Engineering & Manufacturing team recently attended the Scotland Manufacturing & Supply Chain Conference & Exhibition at the SEC in Glasgow. Greg Stapley, Head of EQ Engineering & Manufacturing, commented: “The event was well attended, with exhibitors covering all relevant sectors and industries including automation, robotics, engineering, electronics, 3D printing etc. There were also more
Oct 17 2023 Video Games Expenditure Credit Categories: Technology Video Games Expenditure Credit (VGEC) was announced in the Spring Budget 2023 to replace the existing Video Games Tax Relief (VGTR) which has been in place since 2014, as mentioned in our previous article. The new scheme offers a 34% credit on 80% of “qualifying expenditure”. However, it is important to note that this is more
Oct 13 2023 Royal Bank of Scotland (RBS) Legal Benchmarking Report 2023 Categories: Professions Last month, RBS released its latest annual edition of the Legal Report for benchmarking that compared the financial performance of legal firms at the SME level across the UK. For the firms surveyed, there were many encouraging findings, including the reporting of strong financial results despite the challenges in recent years. However, retention of talent more