Mar 17 2020 How we are dealing with COVID-19 at EQ Categories: COVID-19EQ News The ever-evolving situation with the ongoing COVID-19 pandemic is causing significant disruption around the world and although the UK has not been significantly affected, we fully expect this to change. At EQ, our people are at the heart of what we do and due to the nature of our business, we are unlikely to be more
Mar 16 2020 Opting to tax on development land sales Categories: AgricultureTaxation Tax planning surrounding the sale of land for development tends to be focused on minimising Capital Gains Tax, and rightly so as the amounts of tax at stake can be very significant. However proper consideration should also be given to VAT. It is probably best to start by explaining the default position. Normally sales of more
Mar 10 2020 Corporate Finance Deal Done! Categories: Corporate Finance Our corporate finance team were approached by a local sole practitioner accountant to assist with a family buyout of a filling station. It was initially agreed that EQ would operate on a non-compete basis to ensure that trust was built with the incumbent accountant. The transaction was being sought to deal with a combination of more
Mar 5 2020 Working together to support technology start ups Categories: TaxationTechnology The owner of an American company wanted to set up a new UK subsidiary, in partnership with a Scottish University, and approached EQ to discuss how best to structure. After early discussions, it became clear that funding was an issue that needed to be addressed. The possibility of setting the company up to secure EIS more
Mar 4 2020 Supporting Patersons Skip Hire with their long-term business goals Categories: EQ AccountingEQ News Family businesses are the backbone of the Scottish economy, with their success attributed to strong governance, innovative family ownership and a focus on the long term. One local family business which has certainly stood the test of time is Patersons Skip Hire in Dundee. Founded by Director Kerr Paterson’s Grandfather in 1948, the company provides more
Feb 27 2020 National Minimum Wage set to rise by its highest rate since 2016 Categories: EQ AccountingPayroll The National Minimum Wage, also known as National Living Wage (NLW), rates are increasing by 6.2% from 1 April 2020. With the Government confirming that this is the ‘biggest cash increase’ since the NLW was introduced in 2016, employers need to ensure they are paying their employees at least the appropriate rate. You can find more
Feb 25 2020 Corporate Finance Deal Done! Categories: Corporate FinanceProfessions Our client is a long established Financial Planning business with over 30 years in the field. With offices in several locations across Scotland, their business provides independent financial advice on savings, investments, insurance and retirement to clients privately and on a corporate level. What type of work was involved? EQ assisted in the purchase of more
Feb 21 2020 Can you better fund your business? Categories: Property & Construction ‘Cash is king’ is an age-old saying that has always and will always be true – especially for small and medium-sized enterprises (SMEs). SMEs in the construction sector can often find it difficult to secure funding as traditional lenders are unwilling to take on such a risk with upfront labour and material costs often needed more