Date posted: 4th Dec 2023
Clive Owen LLP, leading accountants and business advisers, with offices in Darlington, York, Durham, and Middlesbrough, is informing businesses to be mindful of potential tax implications associated with…
Date posted: 23rd Nov 2023
Autumn Statement 2023 On Wednesday 22nd November 2023, the Chancellor, Jeremy Hunt unveiled his Autumn Statement. If you have any questions regarding any of the announcements made in…
Date posted: 15th Nov 2023
HMRC have recently clarified their view of the tax treatment of the reimbursement of electricity costs where employees charge their electric company cars at home. HMRC now accepts…
Date posted: 15th Nov 2023
The trivial benefits legislation came into force on 6 April 2016 and allows employers to provide trivial benefits to employees without the employee incurring tax liabilities. However, for…
Date posted: 15th Nov 2023
It is eight years since companies had to deal with two tax rates and marginal relief when calculating their corporation tax liability. That system has now been reinstated…
Date posted: 15th Nov 2023
Most business owners are aware that VAT registration is a legal requirement should total taxable turnover for the previous 12 months exceed £85,000 or turnover is expected to…
Date posted: 15th Nov 2023
There are different tax reliefs available, that depend upon the type of property letting business. This may be a serious consideration, particularly as landlords coming to the end…
Date posted: 15th Nov 2023
In setting up a trade it is inevitable that expenses will be incurred before the trade actually commences and income is received. Expenses may be incurred on acquiring…
Date posted: 15th Nov 2023
The High-Income Child Benefit Charge (HICBC) was introduced in 2013 to stop those with higher earnings, from receiving entitlement to child benefit. The charge applies where the claimant…
Date posted: 17th Oct 2023
The profitability or earning capacity of a business may depend on one person or on a small number of people. Where this is the case, the business may…
