Dains Accountants’ Post

𝗦𝗨𝗖𝗖𝗘𝗦𝗦𝗙𝗨𝗟 𝗔𝗣𝗣𝗘𝗔𝗟 𝗔𝗚𝗔𝗜𝗡𝗦𝗧 𝗛𝗠𝗥𝗖'𝗦 𝗚𝗢𝗢𝗗𝗦 𝗦𝗘𝗜𝗭𝗨𝗥𝗘 𝗜𝗡 𝗨𝗡𝗔𝗣𝗣𝗥𝗢𝗩𝗘𝗗 𝗙𝗨𝗟𝗙𝗜𝗟𝗠𝗘𝗡𝗧 The recent First-tier Tribunal (FTT) ruling in Petmaster Ltd [2024] UKFTT 718 (TC); [2024] TC 09258 is a crucial reminder of the importance of due diligence when choosing fulfilment houses. In this case, the importer failed to realise that the fulfilment house it was using, was not approved by HMRC. HMRC did not accept ignorance of the Fulfilment House Due Diligence Scheme as an excuse and seized, then ultimately destroyed the goods which had been imported into the UK. Although the taxpayer eventually won the appeal and received compensation from HMRC, the goods were lost, and the business endured significant disruption, stress, and costs during the appeal process. This case highlights the critical need for clear communication between overseas customers, UK fulfilment houses, and HMRC. Errors like these can be both damaging and costly. Fulfilment houses that fail to perform required checks and maintain proper records risk significant penalties. However, there is a solution that takes the onus off fulfilment houses, allowing them to focus on fulfilling orders rather than managing paperwork, it can also bring cash flow savings for importers. If you're interested in learning more, please contact our team for a free no no-obligation discussion. 📧 Email: customsduty@dains.com #duediligence #hmrc #compensation

Our Chief People Officer, Androulla Soteri, features on the ICAEW 's recent podcast. The panel discussed themes of which relate to recruitment and retention challenges within accountancy firms. You can listen to the full episode here: https://loom.ly/ObPEFmw Androulla will also be a part of a panel discussion at the next ‘Practice Leaders Forum – Talent and Succession’, an in person event taking place on 16 September. Details here: https://loom.ly/wXrN-i4 #podcast #accountancy #recruitment Androulla Soteri

HAPPY 1-YEAR ANNIVERSARY - PSTAX and S3TAX 🥳 PSTAX S3TAX An important milestone here at Dains, as it's been a year since the acquisition of both PSTAX and S3TAX - the public sector and not-for-profit VAT and Employment tax specialists. Richard McNeilly, CEO of Dains commented: "One year ago, we embarked on a journey of growth, extending The Dains Group into new market segments through the acquisition of PSTAX and S3TAX. "Today, we celebrate the success that has come from uniting helpline support with first-class consultancy advice, helping us consistently support and deliver high-standard solutions to clients. The acquisition also extended our team and ability across the market, where we’ve seen great in-house collaboration that continues our ongoing growth at Dains. "As a group, we celebrate diversity in thinking, the way we work, and our people, and PSTAX and S3TAX have helped to ensure that we are greater than the sum of our parts." Grow with Dains. #acquisition #tax #employmenttax

HMRC INHERITANCE TAX RECOVERY SOARS. ↗️ The amount of tax collected from inheritance tax investigations is soaring, but HMRC could recover even more. Over the past five years, HMRC has conducted thousands of investigations into estates suspected of owing inheritance tax, collecting £1.39 billion in unpaid taxes. Read the full article here: https://loom.ly/jItit5c If you are a personal representative of an estate and require assistance with inheritance tax matters, please contact our private client tax team on 0845 555 8844. #privateclienttax #business #tax #privateclient

In 2024 the Birmingham office of Dains Accountants proudly partnered with The Inflammatory Breast Cancer Network UK as our official charity of the year! This cause is especially close to the hearts of our Birmingham team, and we’ve been hard at work planning various fundraising events throughout the year to support this important organisation. What we’ve discovered is that many people are unaware of Inflammatory Breast Cancer (IBC). Though rare, IBC is a serious condition that urgently needs more awareness and understanding. Have you heard of Inflammatory Breast Cancer before? Please take a moment to answer our poll below and help us spread the word. Every share counts! We’ll post a link to a video in the comments that provides more information about IBC. #breastcancer #inflammatorybreastcancer #awareness

🎉 A huge CONGRATULATIONS to our amazing team from the #Birmingham office! Mike Bevan, Mark Gurney, Karina Parsons, Will Rowley, William Taylor, Rob Jones, Charles Abbey-Clarke, Sophie Roberts and Samantha Cornelius! Yesterday, they braved the scorching heat to participate in the #Solihull Half Marathon and 10k run, all to raise funds for the The Inflammatory Breast Cancer Network UK. IBC is a rare but highly aggressive form of breast cancer, often going undetected as it doesn’t present as a lump or show up on mammograms. This incredible charity, based in the Midlands, is dedicated to raising awareness, promoting education, and funding research for this under-recognised disease. Our target is to reach £1,000, currently, we are at £770. Your support means the world to us, so if you are able to donate, no matter how small, we would be very grateful. Please do so via this link https://loom.ly/S9z69W8 #raisefunds #inflammatorybreastcancer #halfmarathon

Exciting news‼️ The recent Mergers & Acquisitions Review for H1 2024 has been published by Experian MarketIQ and Dains Corporate Finance are in the top 10 Financial Advisors for M&A activity in the Midlands. Read the full report here from Experian: https://loom.ly/ZHtj5is You can find out more about our M&A activity and services here: https://loom.ly/zdPHMTk If you would like to get in touch with our Corporate Finance team, please call 0800 555 8844. #mergers #acquisitions #corporatefinance #business Roy Farmer Mark Tuckwell Colin Peacock Healthcare Accountant

At Dains, we're dedicated to making a positive impact in our community. Some of our team in the Birmingham office will be raising funds for the The Inflammatory Breast Cancer Network UK by participating in the Solihull half marathon and 10k run on 11 August 2024.🏃♂️🏃♀️ This cause is particularly close to our hearts, as many of our staff members have personal connections to those affected by this aggressive form of breast cancer. 🎗️ We invite you to join us in making a difference. Your generous donations, no matter how big or small will help us contribute to the fight against this challenging disease. Please consider supporting our cause and helping us champion this important organisation. https://loom.ly/S9z69W8 #raisefunds #inflammatorybreastcancer #halfmarathon #birmingham

Labour leader Sir Keir Starmer is the new Prime Minister after leading the party to a decisive win in the General Election. The UK’s business groups have pledged to work in partnership with the new Labour government to revitalise the nation’s economy. Read more: https://loom.ly/1yX-gTc #business #sustainability #government