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Have You Considered Whether You Qualify for Entrepreneurs’ Relief?

May 30, 2019

Have You Considered Whether You Qualify for Entrepreneurs’ Relief?

When selling your business one of the key considerations is how much money you will receive from the sale (i.e. the proceeds after associated costs and tax). Capital…

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May 24, 2019

Have You Considered What Your Business Is Worth?

There is an old adage stating, “A business is only worth what someone is prepared to pay” and this will always remain true. Nevertheless, the seller will have…

May 23, 2019

Research & Development Claim Settled!

Our Taxperts recently completed a Research & Development (R&D) claim for a textile manufacturing client based in the East of Scotland, resulting in a client saving of £122,884!…

May 22, 2019

Employee Ownership Trust – How is a Sale Structured?

We know that when an Employee Ownership Trust (EOT) structure is implemented, the shareholders dispose of their shares to a Trust for the benefit of the employees, but…

May 17, 2019

Have You Considered What You Are Selling: Shares or Assets?

Essentially, when selling a business, you will either be selling the assets and trade, or the share capital. The characteristics of each scenario are set out below :-…

May 16, 2019

Amended VAT Rules Affecting the Hospitality Industry

HMRC amended the rules of how to treat VAT on deposits and retained payments where a service is not used, or goods have not been collected. This impacts…

May 10, 2019

Have You Considered How To Retain Some Assets?

Business sales can be highly complex with purchasers and sellers often having equal, but opposite positions. Sometimes the purchaser, and indeed seller, wish to remove an asset(s) from…

May 9, 2019

Research & Development Claim Settled!

Our Taxperts recently completed a Research & Development (R&D) claim for an engineering client based in the East of Scotland, resulting in a client saving of £24,175! Our…

May 9, 2019

EQ are Finalists for the Tax Team of the Year Award!

We are excited to announce that we have been shortlisted for the Tax Team of the Year award category at the Business Insider Scottish Accountancy and Finance Awards…

May 8, 2019

Employee Ownership Trust – Qualifying Conditions for the Different Tax Reliefs

Previously, we outlined how an Employee Ownership Trust (EOT) could be used for succession planning and some of the key benefits of implementing an EOT structure.  In this…

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