News

Selling, disposing or gifting a residential property – don’t forget about tax

Selling, disposing or gifting a residential property – don’t forget about tax

Date posted: 12th Aug 2024

Most people will be aware that there may be tax considerations when selling a residential property. It is normally for a landlord selling a property to be aware…

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Claiming tax relief on work clothes

Claiming tax relief on work clothes

Date posted: 12th Aug 2024

Many employees are required to wear a uniform or particular type of clothing whilst at work. Even where there is no set uniform, many have clothes that they…

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Simon Hook – Trainee to Trainer

Simon Hook – Trainee to Trainer

Date posted: 8th Aug 2024

By Simon Hook, partner Seeing our new colleagues get started with their accountancy careers prompted me to reflect on my career journey with Clive Owen LLP. Getting started…

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Yorkshire Shadow MPC – July 2024

Yorkshire Shadow MPC – July 2024

Date posted: 30th Jul 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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Clive Owen recognised for its dedication to workforce with prestigious honour

Clive Owen recognised for its dedication to workforce with prestigious honour

Date posted: 29th Jul 2024

Leading regional accountancy firm, Clive Owen LLP has reaffirmed its commitment to colleague wellbeing and engagement after achieving a prestigious accreditation. The firm, which has offices in Darlington,…

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Form CT61 – what is it and when it is required?

Form CT61 – what is it and when it is required?

Date posted: 23rd Jul 2024

HMRC form CT61 is a form required to be completed by a company if the company pays interest, royalties and other similar payments to an individual. Unlike banks…

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Caught in a 60% trap?

Caught in a 60% trap?

Date posted: 23rd Jul 2024

Recent media coverage has suggested that around 500,000 individuals are caught in the 60% tax trap. Essentially, this means that an individual is paying 60% tax on every…

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HMRC nudge letters are on the rise!

HMRC nudge letters are on the rise!

Date posted: 23rd Jul 2024

We are aware that HMRC is sending more letters to taxpayers to “nudge” them to check their tax returns are in order and to encourage the taxpayer to…

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Trivial benefits – they aren’t taxable, are they?

Trivial benefits – they aren’t taxable, are they?

Date posted: 23rd Jul 2024

Since April 2016, there has been an exemption to cover tax becoming due on trivial benefits. This was intended to avoid tax becoming due on ad-hoc gifts such…

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Letting through a company – what do you need to consider

Letting through a company – what do you need to consider

Date posted: 23rd Jul 2024

Many potential landlords that we speak to, are considering using a limited company to hold property investments. This is due to a multitude of reasons such as: The…

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