The Insolvency Service has issued a warning that fraudsters have been contacting investors in insolvent schemes claiming to be from the Official Receiver’s office or to have been appointed by the Official Receiver to help recover funds for a fee. These approaches are always fraudulent. Official…
Author: Ellie Roach
Current Advisory Fuel Rates
To assist with your calculations, we have reproduced below the current, HMRC Advisory Fuel Rates. They are: These rates apply from 1 December 2019. Engine Size Petrol – amount per mile LPG – amount per mile 1400cc or less 12 pence 8 pence 1401cc to…
Pay-back to save tax
At first sight, company car drivers whose private fuel costs are met by their employers may seem to be onto a good thing, but there is a nasty tax hit… Enter, the Car Fuel Benefit charge. Let’s say the following circumstances apply: the list price…
Loans to directors and staff
If a company makes loans to its employees (including directors) there may be tax consequences. The same may also apply to loans extended to their family members. For example, the employer will have an obligation to report a beneficial loan to HMRC (and pay Class…
Keeping business records if self-employed
Now that we are approaching the end of the 2019-20 tax year it’s worth noting that you are required to keep your self-employed business records – that underpin your self-assessment tax return for 2019-20 – for 5 years after the 31 January 2021 submission deadline.…
DSC Chartered Accountants recognised as one of the Top 3 Accountants in Harrogate
We are delighted to have been recognised as one of the three best accountants in the Harrogate area by Threebestrated.co.uk. To receive this accolade is a testament to our dedicated and friendly team who have specialised in providing accountancy, tax and audit services for businesses…
Spousal CGT tax advantages
It is fairly common knowledge that the UK tax system is biased in favour of married couples or those partners who have entered into a formal civil partnership. Note that from 2 December 2019, the Civil Partnership (Opposite Sex Couples) Regulations 2019 came into effect…
In Business? Add these to your new year resolutions
The end of the calendar year is a popular accounting date for many businesses, but for those of us with a year-end accounting date of 31 March 2020, reviewing your management accounts for the nine months to the end of December 2019 is a must-do.…
DSC recognised by Handpicked Accountants
We’re delighted to announce that DSC has been recognised for outstanding customer service and a knowledgeable approach and are now part of the Handpicked Accountants family. The Handpicked Accountants platform features only the best local accountants who have been vetted to ensure that they reach…
What now?
Even though many of the uncertainties that have plagued UK politics during 2019 are still to be decided, at least the hiatus in parliament has been resolved; the Conservatives now have a working majority and we can expect action on a number of fronts. Brexit…