Jun 30 2020 Change to Entrepreneurs’ Relief – things just got BADR Categories: AgricultureCOVID-19 With the country’s attention focused on COVID-19, the change to Entrepreneurs’ Relief (ER) announced in the budget on 11 March has gone largely unnoticed. ER provided a reduced rate of Capital Gains Tax (CGT) on the sale of a business or interest in a business, with the normal rate of CGT being reduced from 20% more
Jun 29 2020 Our guide to help leisure businesses out of lockdown Categories: COVID-19Leisure On 24 June, First Minister Nicola Sturgeon confirmed that pubs, beer gardens, restaurants and other leisure businesses can open in July, with detailed guidance being provided. As members of various leisure associations including ASSC, BH&HPA and Scotland Food & Drink, we have been supporting our leisure sector clients and other members of these associations to make sure they are more
Jun 23 2020 HMRC updates guidance on Gift Aid Small Donations Scheme during COVID-19 Categories: CharitiesCOVID-19 Many churches are currently facing severe financial pressures as a direct result of COVID-19 as traditional income streams from lettings and face-to-face fundraising dry up. Concerns have been raised by the Charity Tax Group (CTG), which makes representation to the government on charity taxation issues, about the operation of the Gift Aid Small Donations Scheme more
Jun 18 2020 Coronavirus Job Retention Scheme – Flexible Furlough from 1 July Categories: COVID-19EQ AccountingPayroll As announced on Friday 29 May, flexible furlough, allowing furloughed employees to come back to work part time, will begin from 1 July. HMRC issued in-depth guidance on how the scheme will change from July and we’ve highlighted the main points you need to be aware of in order to make claims moving forward. As more
Jun 16 2020 The Bed & Breakfast Hardship Fund now open for applications Categories: COVID-19Leisure The Scottish Government’s new hardship fund launched today to help Bed & Breakfast and Small Serviced Accommodation Providers affected by COVID-19, that do not have business bank accounts. The Bed & Breakfast Hardship Fund is designed to help those who have not been able to access support through other schemes, offering successful applicants a one-off payment more
Jun 16 2020 A day in lockdown with EQ – Laura Nicol Categories: People As we continue to work remotely, we remain focused on supporting our clients and maintaining contact with them and the rest of the EQ team. To provide a glimpse into lockdown life, we asked various members of the team to share their experiences of what an average day working from home entails for them. This week, more
Jun 15 2020 We have helped clients save over £20m of R&D tax savings Categories: EQ NewsTaxation Our R&D taxperts have secured over £20m of Research & Development tax credits for companies across Scotland in a large variety of sectors. Over the last nine years, we have completed over 360 claims for innovative companies who have undertaken problem solving activities to adapt or create new processes or products, many of whom didn’t think they more
Jun 12 2020 Welcomed announcement for tourism businesses Categories: COVID-19Leisure Cabinet Secretary for Rural Economy & Tourism, Fergus Ewing confirmed that tourism businesses should prepare for a provisional return to trading on 15 July, however this is conditional on moving to the third phase of the Scottish Government route map for easing lockdown restrictions. A new Scottish Recovery Tourism Taskforce will assist with the ongoing reset more