News

Corporation tax increases – April 2023

Corporation tax increases – April 2023

Date posted: 28th Apr 2022

Corporation tax is being reformed and companies with profits of more than £50,000 will pay corporation tax at a higher rate than they do now. While the changes…

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Making Tax Digital for VAT for all

Making Tax Digital for VAT for all

Date posted: 28th Apr 2022

Under Making Tax Digital (MTD) for VAT, VAT-registered traders must keep electronic records and file their VAT returns electronically using software that is compatible with MTD for VAT….

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Selling your home and garden – does size matter?

Selling your home and garden – does size matter?

Date posted: 28th Apr 2022

Private residence relief reduces a tax charge from arising if there is a capital gain when a person sells a property that has been their only or main…

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Forms P11D – Return of benefits in kind

Forms P11D – Return of benefits in kind

Date posted: 28th Apr 2022

Employers who provided their employees with taxable expenses and benefits in 2021/22 need to report these to HMRC by 6 July 2022, unless they have been payrolled or…

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Personal property income – how is this taxed between co-owners?

Personal property income – how is this taxed between co-owners?

Date posted: 28th Apr 2022

As people are taxed individually, property income must be allocated, to each individual, in order to work out the tax that each joint owner is liable to pay….

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Daily penalties – coming soon…

Daily penalties – coming soon…

Date posted: 28th Apr 2022

If you still have not completed your 2020/21 Tax Return, then you need to be prepared for daily £10 penalties to apply for each day that the Tax…

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Academies Update – AAD, Whitepaper, Leases and Filing Deadlines

Academies Update – AAD, Whitepaper, Leases and Filing Deadlines

Date posted: 21st Apr 2022

What has changed in the Academies Accounts Direction? For the second consecutive year, the Academies Accounts Direction has been split into three – the AAD, alongside a model…

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CLIVE OWEN LLP EXPANDS HR DEPARTMENT TO SUPPORT STAFF GROWTH

CLIVE OWEN LLP EXPANDS HR DEPARTMENT TO SUPPORT STAFF GROWTH

Date posted: 30th Mar 2022

Clive Owen LLP, chartered accountants and business advisers, has tripled the size of its HR department to reflect the increase in staff at the rapidly growing firm. The…

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Spring Statement Summary

Spring Statement Summary

Date posted: 24th Mar 2022

The Chancellor revealed his Spring Statement on the 23rd March, where he sought to ease the impact of rising prices for households and businesses. As expected, there were…

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Meet the team! Jake and Holly

Meet the team! Jake and Holly

Date posted: 17th Mar 2022

In February, we welcomed two new starters, Jake Turnbull in our IT team and Holly Streatfield who joined our audit department. Holly recently moved from Cumbria to Darlington,…

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