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…
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…
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…
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…
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…
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…
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…
Date posted: 21st Dec 2022
The Treasury has announced that Making Tax Digital for income tax self-assessment (MTD for ITSA) will be delayed for two more years, giving affected businesses longer to prepare….
Date posted: 16th Dec 2022
Generous staff from Clive Owen LLP in Darlington have been spreading some Christmas cheer by supporting a local organisation helping people struggling with the cost-of-living crisis. Marketing assistant,…
Date posted: 14th Dec 2022
I still get asked on many occasions, to comment on whether a business should be operated as a limited company, usually from a tax perspective. The general answer…
Date posted: 13th Dec 2022
Experts from different sectors in and around York voted as a majority for a rise in interest rates.
The MPC is a partnership between Clive Owen LLP and The Press, which considers the region’s economy and invites business figures to argue their case for a shift, or hold, in the rate.
