Gender Pay Gap Report April 2024
Golden moment as Dains Accountants wins top award from Investors in People
Dains Accountants has been awarded the prestigious Gold award from Investors in People.
Graduate Programme
Grant Assisted Services
Numerous grant opportunities exist to support the growth of your business, and navigating this landscape can be complex. Identifying suitable grants and mastering the application process is crucial to unlocking potentially significant funding for your endeavours. Our expertise ensures that you are well-positioned to access these opportunities, potentially securing millions of pounds in valuable funding that might otherwise be overlooked.
Greenhatch Group
Group Diversity Stats
Helping a family member buy a house? Consider the tax implications
Whether it be parents supporting their children in securing a first mortgage, or adult children helping with financing of a house move for elder relatives, there are a whole host of tax implications to consider.
Higher Vehicle Taxes Ahead for UK Drivers in 2025
The UK Government has announced significant changes to Vehicle Excise Duty (VED) rates, effective 1 April 2025, impacting both new and existing vehicle owners. These adjustments aim to align VED rates with inflation and incorporate zero-emission vehicles into the tax framework.
HM Revenue & Customs warns on tax refund scams
Once again HM Revenue & Customs (HMRC) has warned that all emails, text messages or voicemail messages indicating you have a tax refund are a scam!
HMRC Clamps Down On Undeclared Dividend Income
HMRC has recently started another ‘One to Many’ campaign and from 4 February 2024, HMRC has been writing letters to individuals about potentially undeclared dividend income.
HMRC enquiries on the rise
Following the pandemic, HMRC are now focusing their efforts on VAT, Corporation Tax and Income Tax enquiries.
HMRC increases late payment interest rate
Following the Bank of England’s latest increase in the base rate, HMRC has increased both late paid tax and the rate paid on repayments of tax.
HMRC Inheritance Tax Recovery Soars
Targeted efforts yield high returns from unpaid inheritance tax as HMRC recovers £285 million from 3,028 investigations.
HMRC interest rates for late and early tax payments rise… yet again
With the Bank of England’s base rate and HMRC’s interest rates being tightly knit, the Monetary Policy Committee’s decision on 2 February 2023 to increase the base rate to 4% has forced HMRC’s hand in increasing the interest rate for late paid tax and the rate paid on repayments of tax.
HMRC targets company directors
HMRC are undertaking a review of company directors to ensure that they are submitting complete and correct self assessment tax returns.
HMRC Voluntary National Insurance Service Update
HMRC has launched a new online voluntary NICs payment service, the government says the new service will make it easier for customers to check for and fill any gaps in their National Insurance record to help increase their State Pension.
HMRC’s new VAT deferment scheme explained
HMRC has updated guidance on how to register for the online service to pay VAT payments deferred between 20th March and 30th June 2020 due to the covid-19 pandemic.
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Dains is an independent provider of expert business advisory and accounting services, providing end-to-end business support, with bespoke advice tailored to your unique business and personal needs.
Home swapping holidays – beware of possible hidden tax
Home swapping is becoming an increasingly popular way to holiday – with the attraction of high-quality accommodation at a much-reduced cash cost.
Horizon Capital
Hospitality
As experienced hospitality accountants for the hospitality industry, we provide the essential support and advice to ensure your business not only survives, but thrives.
How Dains and Dalduff Transformed a Family Legacy
2019 was a year of celebration for The Ayrshire Wedding Barn and Farm Shop at Dalduff.
How Recruitment Agencies Can Lose The Right To Recover VAT
Dains Partner Sam Davies and Employment Services Team Assistant Manager Jack Bonehill explain how the Kittel Principle can prevent a recruitment agency from recovering VAT and recommend how to mitigate this.
How Regional SMEs Bounced Back
How have small and medium businesses bounced back from the past few years of turbulent trading conditions and why are they key to our economy.
How strategic thinking on VAT could improve your cash flow
In this article we look at the 14 ways that VAT could impact and benefit your current cash flow situation, which is especially prevalent during COVID-19.