Latest News

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 31 2020

Dundee-based Primero Contracts completes seven-figure MBO

Categories: Corporate Finance

We recently supported a Dundee-based shopfitting firm through their seven-figure management buyout. Primero Contracts, which was founded in 1993 by Frank Ward and the late Kevin Knox, has been acquired by Contracts Manager, Bruce Donnachie, and his wife, Gordana, following the planned exit of its long-term managing director, Frank Ward, and his wife and fellow director, 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: Amber 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