News

Owe tax to HMRC but they don’t know? A voluntary disclosure may help.

Owe tax to HMRC but they don’t know? A voluntary disclosure may help.

Date posted: 21st Nov 2024

There are various reasons why a person may not have told HMRC about the tax that they owe, ranging from a simple oversight to the deliberate evasion of tax.

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Selling your house and garden separately – does the order matter?

Selling your house and garden separately – does the order matter?

Date posted: 21st Nov 2024

There are circumstances in which it may be desirable to sell some or all of a garden or the land attached to a residence separately from the residence itself.

Where this is on the cards, it is essential to plan ahead to prevent an unwanted tax liability arising accidentally. Here, it is vital that the separate sales are conducted in the correct order to preserve private residence relief.

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Overdrawn director’s loan account – does your company pay tax on the balance?

Overdrawn director’s loan account – does your company pay tax on the balance?

Date posted: 21st Nov 2024

A director may withdraw money from the company for personal use or may lend money to the company. The company may pay some of the director’s personal bills, and the director may personally meet some company expenses. The director’s loan account is simply an account for recording the transactions between the director and the company in much the same way as a bank account.

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Home responsibilities protection – do you have missing years?

Home responsibilities protection – do you have missing years?

Date posted: 21st Nov 2024

Where a person reaches state pension age on or after 6 April 2016, they need 35 qualifying years for a full state pension. If they have less than 35 qualifying years but at least 10, they will receive a reduced state pension.

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Clive Owen LLP welcomes new Tax Director to York office

Clive Owen LLP welcomes new Tax Director to York office

Date posted: 15th Nov 2024

Clive Owen LLP, a leading independent accountancy firm, has further strengthened its York office with the appointment of an experienced Tax Director.

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Meet The Team – Ruth Barnes

Meet The Team – Ruth Barnes

Date posted: 6th Nov 2024

We caught up with Audit and Accounts Associate, Ruth Barnes to find out more about her role within the Middlesbrough Audit team.

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Yorkshire Shadow MPC – November 2024

Yorkshire Shadow MPC – November 2024

Date posted: 5th Nov 2024

The Shadow MPC is a partnership between Clive Owen LLP and The York Press, which considers the region’s economy and invites business figures to argue their case for a shift, or hold, in the rate.

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North East tax expert looks ahead to Budget

North East tax expert looks ahead to Budget

Date posted: 21st Oct 2024

In anticipation of the Labour party’s first budget statement in nearly 15 years, there is widespread speculation regarding how the new Chancellor plans to balance the books amidst claims of an inherited financial shortfall.

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Clive Owen LLP expands with Newcastle office opening

Clive Owen LLP expands with Newcastle office opening

Date posted: 16th Oct 2024

live Owen LLP, a leading independent accountancy and business advisory firm has expanded its footprint further in the North with the opening of a new office in Newcastle.

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VPI PRODUCTS UK LTD ACQUIRES DURHAM RENDER CENTRE

VPI PRODUCTS UK LTD ACQUIRES DURHAM RENDER CENTRE

Date posted: 25th Sep 2024

VPI Products UK Ltd, a multi-specialist manufacturer of premixed mortars and finishing products for the construction market, has strengthened its operations and customer experience with the acquisition of…

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