News

North East Shadow MPC – June

North East Shadow MPC – June

Date posted: 18th Jun 2024

Experts from different sectors in and around the North East took part in the Shadow MPC. The Shadow MPC is a partnership between Clive Owen LLP and The…

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PAYE settlement agreement– what is it?

PAYE settlement agreement– what is it?

Date posted: 12th Jun 2024

In simple terms, a PAYE settlement agreement (or PSA for short) is a way of an employer settling tax bills for employees, on amounts which may be deemed…

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Employment taxes – what are HMRC targeting?

Employment taxes – what are HMRC targeting?

Date posted: 12th Jun 2024

Employment taxes can be a minefield when it comes to not only salary payments but benefits-in-kind. It is very important to understand the implications of employment taxes and…

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Interest on children’s bank accounts – could it be taxed on the parents

Interest on children’s bank accounts – could it be taxed on the parents

Date posted: 12th Jun 2024

Given the recent rises in interest rates, everyone with savings is enjoying a higher return of interest paid by their banks. It is important to remember that tax…

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HMRC scam letters on the rise?

HMRC scam letters on the rise?

Date posted: 12th Jun 2024

We have been contacted by some clients, who have received letters from “HMRC” asking them to pay unpaid tax and PAYE liabilities. The letters appear to be genuine…

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VAT bank details held by HMRC – are they up to date?

VAT bank details held by HMRC – are they up to date?

Date posted: 11th Jun 2024

We understand that HMRC is altering a number of businesses to check the bank details held by HMRC. Whilst we understand a letter from HMRC may be daunting…

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Tax Planning for Politics – tips before the election

Tax Planning for Politics – tips before the election

Date posted: 11th Jun 2024

    By Tax Partner, Lee Watson     Stick or twist? So, the question of the date of a general election has been answered and the country…

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Clive Owen LLP appoints new corporate finance partner

Clive Owen LLP appoints new corporate finance partner

Date posted: 7th Jun 2024

Clive Owen LLP, accountants and business advisers, has consolidated the growth of its York office with the appointment of Michael Cantwell as a new partner in its Corporate…

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Small Business Commissioner meets North East bosses

Small Business Commissioner meets North East bosses

Date posted: 28th May 2024

Tackling late payments, support for skills development, as well as a review of VAT thresholds and tax incentives were top of the agenda as North East businesses met…

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New report highlights positivity in the charity sector despite challenges

New report highlights positivity in the charity sector despite challenges

Date posted: 23rd May 2024

For the first time since the pandemic the charity sector is positive about the future,  despite challenges in recruitment and rising costs, according to a comprehensive new report….

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