Feb 3 2020 When it comes to succession planning, there is no right or wrong answer Categories: Agriculture One of the most important and difficult decisions any family business will have to make is how best to pass the business on to the next generation. Tax bills and a fair split of the assets are the two areas that we find most clients struggle with, and the decision can be made even more more
Jan 31 2020 The guiding principles for protecting your charitable business against fraud Categories: Charities As mentioned in our previous article, fraud is an underlying problem for charities and raising awareness is key to combating the issue. During ‘Charity Fraud Awareness Week 2019’, the Charity Commission published a one-page summary detailing the 8 guiding principles on tackling fraud in charities. They are as follows: Fraud will always happen – simply being more
Jan 28 2020 Corporate Finance Deal Done! Categories: Corporate FinanceTechnology We recently helped facilitate a £7.6 million company sale for a client in the technology sector. Our client is a Scottish company which is at the forefront of a niche sector. The business was owned by a combination of institutional investors and key employees (via an EMI scheme which EQ had previously implemented), and the more
Jan 22 2020 Research & Development tax credits in the Agricultural Industry Categories: AgricultureTaxation Historically the majority of agricultural businesses operated as partnerships, however with many now trading as limited companies, they have potential to claim for Research & Development (R&D) tax credits. These tax credits are an established government-backed initiative, designed to encourage innovation and progression and in order to be eligible to make claim, you must be operating as 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 17 2020 Understanding ‘NHS Earnings’ for the purposes of the GP234 form Categories: Healthcare The 28 February 2020 deadline to fill out the GP234 form is fast approaching! If you are eligible to claim for the rental reimbursements from the NHS, the Practitioner Services must receive the completed form by this deadline date. Part of the form requires the dental professional to assess the NHS earnings as a percentage more
Jan 15 2020 Is Xero the cure to your CIS headache? Categories: EQ AccountingProperty & Construction Under the Government’s Construction Industry Scheme (CIS), contractors must deduct money from the payments they make to subcontractors to go to HMRC. These are treated as advance payments for tax and National Insurance contributions. CIS applies to businesses involved in the construction industry, and can affect businesses that are not actually in the industry but 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