Jul 14 2017 MTD Update Categories: EQ AccountingTaxation Following it’s removal from the Finance Bill earlier in the year, the treasury has issued guidance as to its revised plans for Making Tax Digital. Under the original plans, businesses and landlords with turnover in excess of £10,000 would have been required to submit mandatory quarterly reports. With those who are VAT registered commencing from more
Jul 12 2017 Tax tips for dental professionals Categories: Healthcare Research & Development Tax credits Perhaps the dental profession is not the first sector you’d think of when considering whether to claim for Research & Development (R&D) Tax Credits. However, if you are involved with dental innovation or seeking an advance in dental technology you ought to seriously consider whether your business is entitled to more
Jun 30 2017 New appointment for our Glenrothes office Categories: People A new Manager has been appointed within our Glenrothes office. Michael Stephenson (30) joined the firm from PricewaterhouseCoopers (PwC) on Monday 19 June 2017. Michael qualified as a CA in 2012 and joins us as an Audit Manager having worked with PwC since embarking on his ICAS training in 2009. He was originally based in more
Jun 29 2017 Free seminars take businesses to the cloud Categories: EQ Accounting Fife businesses are being invited to free drop-in sessions highlighting the benefits of Cloud accounting. In the near future, it is expected that most businesses, including sole traders and landlords, will be required, by law, to submit accounting information quarterly via computer software rather than manually once a year. Although the finer detail of the more
Jun 21 2017 Property & Capital Allowances Categories: Property & Construction You can claim capital allowances when you buy assets that you keep to use in your business, eg equipment, machinery, business vehicles. These are known as plant and machinery. In most cases you can deduct the full cost of these items from your profits before paying tax using the annual investment allowance. It is normally straight forward to more
Jun 19 2017 Our former partner, Keith Hopkins awarded an MBE Categories: People We are delighted to announce that our former Partner, Keith Hopkins was awarded an MBE in the Queen’s Birthday Honours list for his services to charity and the local community. Keith and his wife Mary have lived in Kirriemuir since moving north from Kent in the late 1970s, in order to open the very first more
Jun 15 2017 Annual Tax on Enveloped Dwellings Categories: LeisureTaxation Do you own your FHL property through a limited company or mixed member partnership? If so, and any one property is valued at more than £500,000 then you will have been required to complete and submit an ‘Annual Tax on Enveloped Dwellings’ (ATED) return by 30 April. Relief from the ATED charge, which starts at more
Jun 9 2017 £10 million tax savings secured for EQ clients Categories: Taxation Our specialist R&D team of six handle over 50 claims each year, and have achieved over £10 million of tax savings for clients throughout Scotland during the last six years, including those working within food and drink, manufacturing, engineering, software development and design sectors. The amount of claimants of R&D tax credits has rocketed in recent more