May 7 2019 How to avoid the Annual Investment Allowance trap Categories: Property & ConstructionTaxation Following on from our previous article regarding the recent changes in the Annual Investment Allowance (AIA), businesses need to be careful as any qualifying capital expenditure falling within the allowance could be eligible for 100% tax relief. Below is a more detailed explanation of how you can avoid the AIA trap. On 1 January 2019, a more
May 6 2019 Working with Melrose Farms Categories: AgricultureEQ NewsTechnology The agriculture sector can be one of the most lucrative industries but also one of the most unpredictable and one which requires huge financial investments. For that reason, farming, especially family businesses, benefit from tailored business support, particularly when looking at diversifying into other projects to compliment traditional farming practices. A prime example is Melrose more
May 2 2019 EQ Supports Fife Engineering Firm Move to Employee Ownership Categories: Engineering & ManufacturingTaxationTechnology With the support from our Taxperts, G S Brown Limited has safeguarded its future by moving into an Employee Ownership Trust (EOT) structure. In a move that secures the business in its Fife location, owners Des and Mike Brown transferred the majority of the company’s shareholding to the Trust for the benefit of the company’s 27 more
May 1 2019 Supporting ‘Agritourism’ and rural businesses across Scotland Categories: AgricultureFood & DrinkLeisure Our privileged position as tax advisors and accountants to many rural businesses throughout Scotland’s wonderful landscape has allowed us to be involved in advising clients on a range of leisure sector projects, often diversification enterprises from the main rural business. These projects have included tourism accommodation, shops and cafes, and events venues. As Scotland’s tourism more
Apr 24 2019 How can a profitable business collapse? Categories: Professions The collapse of a well known Scottish legal firm, reportedly making an annual net profit of £950,000 with turnover of £4.9m, may seem surprising to most people. In many ways it is surprising, but businesses and the modern economy change at a rapid pace nowadays and successful businesses can simply be left behind if they more
Apr 19 2019 Going the Extra Mile Categories: Charities Sometimes juggling the financial and operational side of your charitable organisation, whilst dealing with lots of other things in your life, is not easy. We believe in taking away the hassle, giving you the chance to focus on running your charity – that’s why we offer our charities clients a complementary service line. In addition to more
Apr 16 2019 Dealing with the Pressure of Commodity Margins Categories: Agriculture It is a well-known fact that commodities have not kept up with inflation. With the price of a tonne of wheat at around £120 in 1995, this would equate to £225 a tonne in real terms today. Based on this year’s harvest wheat prices, farmers are achieving around £75 less per tonne than they might more
Apr 9 2019 Construction Sector Uncertainty Categories: Property & Construction Construction is an important part of the UK economy and often serves as an economic barometer. Although the second half of 2018 was tough for the UK construction sector, recent data has shown signs of improvement. Although the UK Construction Output was expected at -0.3% for January 2019, it was reported at 1.8%. This is a vast more