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: EQ 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
Jan 9 2020 From Trainees to Partners Categories: EQ NewsPeople We are delighted to announce that three of our Principal Managers have been promoted to Partners. Rachel Bell, Scott Greig and Robert Young will take on their new roles from 1 April 2020. Since joining the firm as trainees, Rachel, Scott and Robert have shown dedication and commitment to their ongoing development, both professionally and more
Jan 8 2020 Engineering businesses – finding the right software Categories: Engineering & ManufacturingEQ Accounting Within any engineering business, there can be many tasks that require management applications to ensure the smooth running of the business. These can range from simple quoting and invoicing through to manufacturing bill of materials and stock control. There are business management applications that offer many of these functions, but finding the right one for more
Dec 20 2019 The transition to Open Banking Categories: EQ Accounting There have been recent changes within banking to standardise the way data can be accessed from different bank accounts in one place, including the introduction of Open Banking. Launched in 2018, Open Banking has transformed the way you bank online by offering more up to date bank feeds from banks into accounts systems, for example more