Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
Alexandra Docherty
Tax Partner
23 November 2020
‘Eat Out to Help Out’ – HMRC begin compliance checksHMRC has begun to verify thousands of claims made under the Government’s ‘Eat Out to Help Out’ scheme earlier this year. Where HMRC’s records suggest that incorrect claims may have been made, businesses are being requested to check these and report any errors. Alex Docherty, Tax Partner, explains further.
Ewen Fleming
Partner - Financial Services Advisory
19 November 2020
COVID could spell the end for smaller banks – but the Big Five must learn from them firstIt’s difficult to adequately explain the scale of the economic challenges brought on by COVID-19, but tectonic is probably about as close as you’ll get. Like the shifting continental plates beneath our feet, the very structure of the economy is moving and reshaping due to the coronavirus pandemic. All sectors will have to adapt to these changes, but it is particularly important that the banking sector is prepared.
Shaun Millican
Business Advisory Partner
19 November 2020
Festive Furlough – the importance of consulting the Job Retention Scheme guidanceNow that the extended Job Retention Scheme (JRS) is well underway, and with the festive period just around the corner, employers may be tempted to put their employees on furlough when they close their doors for Christmas. While this may seem attractive, employers need to be mindful of the guidance and the risk of making a claim which is not within the legislation or spirit of the scheme.
Michael Murray
Construction & Property Incentives Partner
18 November 2020
Welcome extension of the £1 million Annual Investment Allowances limitThe Government has announced that the planned reduction of the Annual Investment Allowance (AIA) from the temporary rate of £1 million to £200,000 on 1 January 2021 has been postponed. The temporary rate of £1 million will now be extended until 31 December 2021.
Craig Hendry
Managing Director & Chartered Financial Planner
12 November 2020
An extraordinary two weeks for the world was reflected in unpredictable investment marketsThe US election has dominated headlines over the last fortnight - knocked off the top spot only by the good news that a Coronavirus vaccine may soon be on its way. The resulting impact on investment markets has been tumultuous to say the least, with fluctuations seeming set to continue for the foreseeable.
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