Leading tax and business advisory specialists, EQ Accountants have helped clients secure over £17m of funding support during the coronavirus pandemic.
The firm, which has offices in Dundee, Forfar, Cupar and Glenrothes, has successfully claimed over £15m in government loans and grants for clients including through the Bounce Back Loan scheme, the Coronavirus Business Interruption Loan Scheme and the Small Business Support Fund.
On top of the government funding announced to support businesses during the pandemic, the firm have fast-tracked many R&D tax credits claims for clients, having secured £2m of tax savings during the pandemic. Although the initiative is not new, it is just as valuable in providing a cash flow injection to innovative companies and EQ have now reached the £20m milestone of tax savings secured for clients.
Meanwhile, their dedicated payroll team have been busy making claims through the Coronavirus Job Retention Scheme on behalf of clients. They have completed over 300 claims worth over £3.6m since the scheme went live with more scheduled before the scheme closes in October.
David Cameron, Managing Partner, commented, “Our team always deliver excellent results for clients and lockdown has been no different for us. We have made sure that our clients are supported as we all navigate through these challenging times and we’ve worked quickly to ensure they have access to much needed funding.
“The hard work and dedication of the whole EQ team, regardless of circumstances, has been fantastic. They continue to show commitment to our clients, and to the firm and I thank each and every one of the team for their resilience and adaptability. What we’ve achieved since lockdown began is incredible and is a testament to the strength of our great team.”