Jul 26 2019 Basic Payment Early Loan Scheme Categories: Agriculture The Scottish Government has announced that they will again be offering an early Basic Payment loan scheme to eligible farmers. A loan of up to 95%, a 5% increase on the previous year, will be paid from early October. Farmers should expect to see the loan paperwork in the post from early September and they more
Jul 26 2019 Xero package price freeze for our clients Categories: EQ AccountingMaking Tax Digital Xero have recently announced a planned increase to two of their monthly subscription plans. From 1 August 2019, the standard plan is increasing by £2.00 to £24 + VAT, and the premium plan by £2.50 to £30 + VAT – for new and existing UK customers. As Xero Platinum Partners, we have historically chosen to more
Jul 24 2019 Are you claiming tax relief on vital children’s nursery resources? Categories: Healthcare Capital allowances can offer much needed tax relief to a tax paying business. By claiming capital allowances on plant and machinery, in most cases, the full cost of an item can be deducted, reducing the final tax bill. This is achieved using the Annual Investment Allowance (AIA), which has a temporary limit of £1m per more
Jul 23 2019 Calls for extension to UK Games Fund Categories: Technology The trade association for the UK games sector, TIGA, has called on the UK government to continue the UK Games Fund beyond its March 2020 end date. The UK Games Fund is based in Dundee, and has already helped more than 70 studios. The French Government have launched a campaign to attract businesses to move to more
Jul 22 2019 Revenue Scotland to upgrade their online tax collection system Categories: Professions This month, Revenue Scotland will be upgrading their online tax collection system, known as SETS (Scottish Electronic Tax System) which will affect the submission of Land and Buildings Transaction Tax (LBTT) returns. Revenue Scotland is seeking to make the change over to the new system as seamless as possible, with all of the data in the more
Jul 12 2019 How park owners can improve their Business Property Relief qualifying status Categories: Leisure Business Property Relief (BPR) ensures, on death, that ownership of a business can pass through the estate of the deceased person, to the beneficiaries, without any inheritance tax (IHT) applying. Securing status is an implicit acceptance that the business is trading too, thereby allowing owners to claim capital gains and other tax reliefs. Recent case more
Jul 10 2019 Double celebration with the ICAS Top 100 Young CAs 2019 announcement Categories: People We are excited to announce that two of our newly appointed Principal Managers have been named in 2019’s ICAS Top 100 Young CAs list. Rachel Bell, based in our Dundee office, and Scott Greig, who is based in our Cupar office, are both recognised on the prestigious list as rising stars and ones to watch in the future within more
Jul 9 2019 Why are engineering and manufacturing firms ‘missing out’ on the increased AIA? Categories: Engineering & Manufacturing The Autumn Budget announced the temporary increase in the Annual Investment Allowance (AIA) limit, from £200,000 to £1million. This increase will remain until 31 December 2020, meaning businesses will have a two-year window to take advantage of this higher limit. The increase to the AIA will allow engineering and manufacturing businesses to obtain 100% tax more