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Tax planning – is now the time to consider this?

Tax planning – is now the time to consider this?

Date posted: 8th Feb 2023

You know that feeling – the one after a large chunk of your personal monies are sent to HMRC…. Is it time to make a late new year’s…

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INFLATION AND SPIRALLING COSTS HIT ACADEMY SECTOR – DARLINGTON CO-AUTHOR OF MAJOR REPORT

INFLATION AND SPIRALLING COSTS HIT ACADEMY SECTOR – DARLINGTON CO-AUTHOR OF MAJOR REPORT

Date posted: 8th Feb 2023

A report into the funding of academies in England has revealed the financial challenges of a huge increase in energy bills and high inflation impacting the sector. The…

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BUSINESS EXPERT WARNS PROPOSED LEGISLATION COULD STIFLE A SPIRIT OF ENTERPRISE AND ENTREPRENEURSHIP

BUSINESS EXPERT WARNS PROPOSED LEGISLATION COULD STIFLE A SPIRIT OF ENTERPRISE AND ENTREPRENEURSHIP

Date posted: 1st Feb 2023

Entrepreneurship runs the risk of being stifled in the UK if proposals surrounding financial reporting become enshrined in law, warns a North East business expert. Martin Hobson, Director…

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North East Shadow MPC January 2023

North East Shadow MPC January 2023

Date posted: 1st Feb 2023

A group of North East Businesses have voted for a rise in interest rates by a majority of four to three. The group highlighted factors that are currently…

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MAKE 2023 THE YEAR YOU TACKLE YOUR TAX PLANNING

MAKE 2023 THE YEAR YOU TACKLE YOUR TAX PLANNING

Date posted: 11th Jan 2023

As we begin 2023 and with household finances stretched, Lee Watson, partner at Clive Owen LLP, considers whether is it time to finally consider undertaking that tax planning…

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HMRC enquiries set to rise?

HMRC enquiries set to rise?

Date posted: 9th Jan 2023

At the Autumn Statement, HMRC were given a further £79m to continue to tackle tax avoidance and evasion. HMRC believe that this will raise a further £725m in…

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Residential properties – capital gains tax reporting after 5 April 2023

Residential properties – capital gains tax reporting after 5 April 2023

Date posted: 9th Jan 2023

Whilst the new tax year is a few months away, we felt it was a worthy time to remind taxpayers that the capital gains tax allowance for 2023/24…

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Hobby business or trading?

Hobby business or trading?

Date posted: 9th Jan 2023

Sometimes it is obvious that a trade is being undertaken – a plumbing business, a manufacturing business, an accountant or solicitor are all ‘trades’. However, not all trading…

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Business Property Relief — ensuring that your company and its assets are 100% inheritance tax free.

Business Property Relief — ensuring that your company and its assets are 100% inheritance tax free.

Date posted: 9th Jan 2023

Business Property Relief (BPR) is an attractive inheritance tax (IHT) relief potentially providing 100% tax relief in respect of qualifying assets (termed ‘relevant business property‘) relating to both…

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The Construction Industry Scheme and property investment companies

The Construction Industry Scheme and property investment companies

Date posted: 9th Jan 2023

The Construction Industry Scheme (CIS) is a tax deduction scheme under which tax is deducted from payments made to subcontractors for construction work unless the subcontractor is registered…

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