Innovation in the Textile Sector

Research and Development in the Textile Sector. 

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Funding scale-up tech businesses

The quantity and quality of scale-up technology businesses continues to increase in Scotland with technology incubators such as ONE in Aberdeen, Codebase in Edinburgh and Stirling and universities such as Heriot Watt, Napier and Strathclyde providing a clear pathway for entrepreneurs to turn their ideas into a business.

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Annual Tax on Enveloped Dwellings (ATED) – Does your company have an obligation to file a return this month?

What is ATED?

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Can your charity adapt overnight?

Many businesses have had to think on their feet in the past year as a result of COVID-19, but none more so than those in the charitable sector. The pandemic has provided new challenges, not only in providing core services to those in need but also in keeping on top of the day-to-day finances.

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How could Inheritance Tax & Business Relief impact your family business?

Business Owners will most likely be aware of the important Inheritance Tax (“IHT”) relief currently available on the value of their businesses. Business Relief (“BR”) can relieve the full value of the business and it has long been recognised that the policy objective behind the relief is to prevent the breaking up or sale of businesses on death. Whilst this may be hugely advantageous for all businesses, the benefit is perhaps most keenly felt by family businesses where the legacy is as much about heritage and history as it is about a continuing trade. 

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Budget 2021 – Enhanced Value of R&D for Companies

The cost to the taxpayer of Covid by the end of the next financial year is predicted to be £407 billion, much of which has been funded by debt. 

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Same old, same old? Why you should undertake a process review

With the end of the festive season, the New Year is traditionally a time for us to reflect on the year just gone and identify areas for improvements which can be made in the next year. Whilst this is traditionally done on a personal sense (how to lose 40lbs in January!), this is also the perfect time to review your business processes to see if they are truly working for you and not the other way around!

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2020 Year in Review – Professional Services Sector

Maintaining high levels of client service during a pandemic when your entire employee base is working remotely may have filled most partners and professional service firms with dread 12 months ago. But fast forward several months and this thinking has certainly changed.

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2020 Year in Review – Public & Third Sector

2020 has been a hugely difficult year for many, particularly in respect of concerns about health, wellbeing and financial security.  The Office for National Statistics estimated in September that the UK economy was around 20% smaller than at the end of 2019, bringing unprecedented headwinds for the UK’s businesses.  The pressures on Public Sector bodies and third sector organisations have varied; needs have been considerable, combined with “lockdown” making delivery challenging, whilst funding from usual sources has declined significantly.

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2020 Year in Review – Tech Sector

At the beginning of 2020, we were expecting this to be another strong year for the Scottish Tech scene, and in particular the Edinburgh ecosystem. Record levels of investment were forecast, and we hoped to see that next generation of young ambitious companies coming through. We’re sure the showcase Tech investor event in Scotland, EiE, would have been their best attended in its history, rather than a virtual event as it turned out to be.

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