Latest News

Jan 10 2019

Making Tax Digital – FAQ’s

Categories: Amber AccountingMaking Tax DigitalTaxation

We are now fast approaching the first stage of implementation for HM Revenue & Customs’ (HMRC’s) Making Tax Digital.  Making Tax Digital (MTD) aims to provide a simpler and up-to-date system for taxpayers, by requiring most businesses, including sole traders and landlords, to maintain their accounting records on computer software.  This should enable HMRC to more

Jan 9 2019

We have secured over £16 million of tax savings for clients

Categories: TaxationTechnology

We have claimed over £16M of Research and Development tax credits for our clients, having recently secured our 300th claim which can potentially apply to any companies developing or creating new products, innovations or processes. Managed by our specialist team of seven, we handle over 65 claims each year and have an impressive 100% track record more

Jan 8 2019

Inheritance Tax relief update for holiday parks

Categories: Leisure

Business property relief (BPR) can reduce the taxable value of relevant trading business property by up to 100% when sold or transferred on death. Caselaw has played a significant role in determining when BPR has been allowable, often ruling in favour of HMRC. Recent caselaw has seen the courts ask  – is the business, wholly or more

Jan 3 2019

A Hot Topic at the sixteenth Farming Scotland Conference

Categories: Agriculture

One of the country’s leading experts on the agricultural effects of climate change will address this year’s Farming Scotland Conference. The event, now its 16th year, will once again be held at Carnoustie Hotel, Angus on Thursday 14 February 2019 and is sponsored by EQ Chartered Accountants, Bell Ingram, the Royal Bank of Scotland and Thorntons more

Jan 1 2019

Key Scottish Tax Dates

Categories: Taxation

Currently, the UK key tax dates cover all the known dates that will affect Scotland and Scottish tax payers. If and when these do differ, they will be detailed below with planned dates. This will include the Scottish Budget and any other tax related dates that affect Scotland. If you are looking for something specific, more

Dec 17 2018

The road from Aeronautical Engineering to EQ

Categories: EQ NewsPeople

Each year, we recruit a new batch of trainees and the majority of the 2018 intake of seven, who are spread across our offices in Dundee, Forfar, Glenrothes and Cupar, are accountancy / finance graduates. However, when it comes to our trainee ‘wishlist’, we are seeking more than financial prowess. As part of our commitment more

Dec 14 2018

Tartan Tweaks – Scottish Budget 2018

Categories: Taxation

Wednesday afternoon saw Scottish Finance Secretary, Derek Mackay, deliver his Scottish Budget address. You’ll recall the UK Chancellor raising the limits for the basic rate band for 2019/20 to £50,000, but the Finance Secretary decided to leave the Scottish basic rate band at £43,430. His justification for this was to raise additional tax revenues though more

Dec 10 2018

Would Cloud Accounting benefit your business?

Categories: LeisureMaking Tax Digital

From this April, the current government’s intention to bring Making Tax Digital (MTD) for all businesses, including sole traders and landlords, with a turnover above the VAT threshold (currently £85,000) to keep digital records for VAT purposes comes into force. This means that manual record keeping for VAT registered businesses will no longer be acceptable more