News

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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Time to Pay arrangement

Time to Pay arrangement

Date posted: 9th Jan 2023

Taxpayers unable to settle their tax liability on time may be able to make a Time to Pay arrangement with HM Revenue and Customs (HMRC). Self-Assessment  If you…

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Tax Return deadline – 31 January 2023

Tax Return deadline – 31 January 2023

Date posted: 9th Jan 2023

The deadline for completing your 2021/22 self assessment tax return is 31 January 2023. If the tax return is not completed prior to this date, you will receive…

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LONG-STANDING TEESSIDE Business SOLD TO NEW FIRM WITH ASPIRATIONS FOR THE FUTURE.

LONG-STANDING TEESSIDE Business SOLD TO NEW FIRM WITH ASPIRATIONS FOR THE FUTURE.

Date posted: 6th Jan 2023

Engineering Installations Teesside Ltd, which is based on Skippers Lane Industrial Estate in Middlesbrough, has been acquired by forward-thinking and ambitious new owners LSM Associates Limited. Founded in…

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