Oct 18 2019 Gabriel reporting – a new system in development Categories: Professions The Financial Conduct Authority (FCA) is undertaking a significant project to make changes to its current data collection system – Gabriel. Gabriel, which stands for ‘gathering better regulatory information electronically’, has been criticised over the years for its complexity, but is looking to make considerable improvements to remedy this. The FCA launched a survey earlier more
Oct 16 2019 Helping our clients, James Penman Plant Hire, benefit from the increased AIA limit Categories: Engineering & ManufacturingTaxation As mentioned in our previous article, the Annual Investment Allowance (AIA) limit has been increased from £200,000 to £1million and is valid until 31 December 2020, however many businesses aren’t planning on taking advantage of this higher limit, partly, due to a lack of understanding and awareness. The AIA increase provides a great opportunity for businesses to more
Oct 14 2019 How to prepare your nursery for the increase to funded childcare by 2020 Categories: Healthcare The implementation of the Scottish Government’s plans to increase funded childcare from 600 to 1140 hours is fast approaching. The aim is to provide all children with the best possible start in life, however, as a direct result of the proposed changes, many private and third sector nurseries are predicting a shortfall in funding which more
Sep 25 2019 VAT on Construction and Development Projects Categories: Property & Construction The rate of VAT to charge on Construction and Development Projects can often cause confusion as the supply may be chargeable at the standard rate (20%), reduced rate (5%), zero rate (0%), or the supply may be exempt. This article aims to summarise the underlying rules that determine which rate of VAT should be used. more
Sep 24 2019 We are proud to co-sponsor Angus Brewfest alongside Thorntons Categories: EQ NewsFood & Drink We are proud to again co-sponsor Forfar’s answer to Oktoberfest – Angus Brewfest, an annual food and drinks festival taking place at Strathmore Hall in John Street. Sponsored by Thorntons Solicitors and EQ Chartered Accountants, this year’s live music entertainment includes ‘Dogs off the Lead’ – an unplugged acoustic set performed by local band Dog more
Sep 19 2019 Supporting you through the funding process Categories: Technology The grant funding process can require total project costs and details of the amount of funding that is required, along with a breakdown of the projects work, timescales and potential future benefits that will arise on completion of the project. This can be time consuming and if not completed correctly, and on time, can delay or more
Sep 13 2019 Helping our food & drink clients explore ‘untapped’ tax savings Categories: Food & DrinkTaxation Research and Development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation and we urge food and drink businesses to explore the potentially significant tax savings often associated with manufacturing or scientific companies. Our Taxperts have claimed over £0.5M R&D tax savings for 13 food and drink clients within the last more
Sep 11 2019 Is your farm a hobby? Categories: Agriculture Golf, gardening and cake decoration are all popular hobbies and rightly so. In some circumstances HM Revenue & Customs can also regard farming as a ‘hobby’. The designation is not determined by scale but by whether a farming business makes a taxable profit before claims for capital allowances. If there are five consecutive years with more