News from your Accountants in Harrogate & Leeds

Keep yourself up-to-date on the latest accountancy news and information with our useful articles.

Capital Gains Tax (CGT) planning 2016-17

January 10th 2017

This is also an appropriate time of the year to consider your CGT position if you have already disposed of (or are considering a disposal) of an asset subject to CGT during 2016-17.

Double Merger for DSC Chartered Accountants

January 6th 2017

We are delighted to announce two exciting developments at DSC, each of which will support our plans to expand the business and strengthen our presence regionally.

Planning the Christmas celebrations

December 9th 2016

If you are involved in planning the staff Christmas party for your firm don’t forget to consider the Income Tax and VAT consequences. Here’s a short reminder of the points you should add to your check list.

Autumn budgets from 2018

December 9th 2016

Mr Hammond surprised listeners to his autumn statement speech when he said: This is my first Autumn Statement as Chancellor. After careful consideration, and detailed discussion with the Prime Minister, I have decided that it will also be my last.

Salary sacrifice under the microscope

December 9th 2016

Salary sacrifice is a term applied to benefits taken in place of salary. In many respects these benefits provide employees with higher “take home” value than if the benefits were treated the same as cash income. Mr Hammond is mindful to curb this practice as it is intended that the change will add £1bn a year to tax revenues by 2020.

Are you affected by changes to the VAT Flat Rate Scheme (FRS)?

December 9th 2016

HMRC is to introduce an additional test that will determine the flat rate percentage used by traders. It would seem that HMRC presently considers the benefits obtained by certain businesses to be excessive and not in accord with the intentions of Parliament.

Changes to NLW and NMW from April 2017

December 9th 2016

From April 2017, the National Living Wage (NLW) for the over 25s is being increased to £7.50 per hour. This is an increase from the current NLW rate set in October 2016 of £7.20 an hour. For the over 25s, this will represent a wage increase of just over 4%.

Tax Diary for April and May 2017

December 9th 2016

Important tax dates for your diary.