Dec 9 2020 Is your architecture firm ‘missing out’ on securing R&D tax relief? Categories: ProfessionsTaxation Architecture firms can often use experimental processes to achieve the desired outcome for their projects, yet many are missing out on a tax relief which rewards the very thing that many within the architecture industry consider to be just ‘part of the process’. Research and Development (R&D) tax credits are a government-backed initiative designed to encourage more
Dec 4 2020 Update on the local construction sector Categories: COVID-19Property & Construction Despite the COVID-19 pandemic, many of our construction clients have been extremely busy over the past six months. With restrictions on our ability to spend our hard-earned money on travel, leisure and hospitality, a significant amount of this spend has switched to the construction sector. Initially COVID-19 forced the closure of the construction sector but more
Dec 2 2020 Corporate Finance activity in holiday park sector Categories: Corporate FinanceLeisure At EQ, we act as specialist holiday park advisers to the sector and are members of the British Homes and Holiday Park Association (BH&HPA). Despite the ongoing pandemic, we’ve seen a variety of activity within the sector over the last 6 months, particularly in relation to financing development or acquisitions. We’ve summarised the main themes more
Dec 1 2020 Supporting our clients, Tayside Forestry Categories: COVID-19Leisure At EQ, our clients continue to be our priority and we work closely with them to ensure we can offer our support and advice. One such client, Tayside Forestry, is one of the UK’s largest Christmas tree growers based at Templeton Farm. The family business is now run by Brian Hughes, son of Gordon Hughes more
Nov 30 2020 VAT Payment Deferral Categories: COVID-19EQ AccountingTaxation As announced by the Chancellor in his Winter Economy Plan, businesses that deferred their VAT payments earlier this year will now have the option to pay in smaller increments over a longer period. Those that deferred VAT due from 20 March to 30 June initially had until 31 March 2021 to fully pay any outstanding more
Nov 27 2020 Are you considering selling your furnished holiday let? Categories: Leisure If you are thinking of taking advantage of the high housing prices and selling your furnished holiday let (FHL) in the next few years, you may qualify for Business Asset Disposal Relief (BADR). The relief allows the capital gain to be taxed at a flat rate of 10%, compared to up to 28% for a more
Nov 24 2020 Supporting our clients, Peacehill Farming Limited Categories: AgricultureCorporate Finance Peacehill Farming Limited is a large and diverse family run company based in Wormit, Fife. The Forster family have farmed at Peacehill since 1926, now in the 4th generation, the business is run by Ross Forster in conjunction with his wife Emma and parents, Peter and Mary. We have acted for the family for over 20 more
Nov 19 2020 Plan ahead to capitalise on vital tax relief extension Categories: Agriculture The Government recently extended the temporary increase of the Annual Investment Allowance (AIA) until 1 January 2022. It was due to revert to £200,000 at the end of 2020, but it will now remain at £1m for another year to help stimulate investment. The AIA provides 100% tax relief on qualifying capital expenditure up to more