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Daily penalties – watch out from 1 May 2025

Daily penalties – watch out from 1 May 2025

Date posted: 14th Apr 2025

If your 2023/24 tax return has not been submitted to HMRC, then you are likely to face £10 daily penalties, if this remains the case from 1 May 2025.

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PAYE only taxpayer – a 2024/25 Return may not be required…but…

PAYE only taxpayer – a 2024/25 Return may not be required…but…

Date posted: 14th Apr 2025

HMRC have announced that anyone with only PAYE income, will not be required to complete a 2024/25 tax return.

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Yorkshire firms advise Tiffin Sandwiches on successful acquisition of Scottish company

Yorkshire firms advise Tiffin Sandwiches on successful acquisition of Scottish company

Date posted: 11th Apr 2025

Leading independent North East and Yorkshire accountancy and business advisory firm Clive Owen LLP, and regional law firm Andrew Jackson Solicitors LLP, have supported Bradford-based Tiffin Sandwiches (“Tiffin”),…

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New Partners announced at growing Clive Owen LLP

New Partners announced at growing Clive Owen LLP

Date posted: 8th Apr 2025

One of the North’s leading independent accountancy and business advisory firms has further strengthened its Partnership group after announcing a series of senior promotions.  

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Important Changes: Company Director and Owner ID Verification at Companies House

Important Changes: Company Director and Owner ID Verification at Companies House

Date posted: 3rd Apr 2025

The Economic Crime and Corporate Transparency Act 2023 has introduced significant changes to Companies House regulations, aimed at enhancing transparency and combating fraud.

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Should we pay a dividend before the end of the tax year?

Should we pay a dividend before the end of the tax year?

Date posted: 27th Mar 2025

If you are the owner of a personal or family company, it is prudent to review your dividend strategy before the 2024/25 tax year comes to an end…

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Spreading the cost of selling your company – Cash or loan notes (earn-outs) – What are the tax implications?

Spreading the cost of selling your company – Cash or loan notes (earn-outs) – What are the tax implications?

Date posted: 27th Mar 2025

There comes a time in every business owner’s life when retirement looms and thoughts turn to succession planning. Planning should ideally start 2-3 years before the date of…

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End your FHL business by 5 April 2025 to benefit from existing reliefs

End your FHL business by 5 April 2025 to benefit from existing reliefs

Date posted: 27th Mar 2025

The favourable tax regime that applies to landlords letting furnished holiday accommodation comes to an end on 5 April 2025. For 2025/26 and later tax years, furnished holiday…

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Relief for interest on mixed residential and commercial properties

Relief for interest on mixed residential and commercial properties

Date posted: 27th Mar 2025

The way in which unincorporated landlords obtain relief for interest depends on the nature of the property that they let. Where the property is a commercial property, the…

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Making Tax Digital for individuals – it’s coming…

Making Tax Digital for individuals – it’s coming…

Date posted: 27th Mar 2025

From April 2026, some individuals will be required to comply with Making Tax Digital (MTD). This will apply for those individuals who have a combined annual income from…

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