Hargreaves Owen Ltd

Hargreaves Owen Ltd We are a firm of accountants who can help with all of your accounts, tax, VAT and payroll needs.

We are an experienced firm of local accountants who deal with all of your accountancy needs from year end accounts, corporation tax returns, personal tax returns, VAT returns and monthly payrolls. We offer a free no obligation initial meeting to discuss your needs and how we can best help you and will provide a full detailed quote of our costs.

28/05/2026

A quick update for small employers.

From 6 April 2026, the Small Employers’ Relief compensation rate increased to 9%.

This is a small change, but it could still be a useful boost to cash flow.

Now is a good time to check if your business is eligible and your payroll processes are up to date.

26/05/2026

HMRC demand or handy business tool?

If you're affected by Making Tax Digital, you need to use compliant software to submit your information.

However the software is extremely useful in running your business too, with lots of benefits to be gained. Our short video explains how it helps ...

Mileage Allowance increased by 10p per mile to 55pChancellor Rachel Reeves finally announced the long-awaited increase i...
22/05/2026

Mileage Allowance increased by 10p per mile to 55p

Chancellor Rachel Reeves finally announced the long-awaited increase in the “Approved Mileage Allowance Payment” on 21st May.

This allowance has been frozen at 45p per mile for the first 10,000 miles driven in each tax year since 2011. But, during a statement in the House of Commons, she confirmed it would increase by 10p to 55p per mile; backdated to April 2026.

The rate for any mileage over 10,000 in a tax year remains at 25p per mile.

The Chancellor also announced other measures to help families over the summer holidays.

These include:
From 25 June to 1 September 2026, VAT will temporarily be cut from 20% to 5% on:

- Children's restaurant meals

- Child and family tickets for cinemas, theatres, concerts, shows and exhibitions

- Child and adult admission tickets for attractions including amusement parks, fairs, museums, zoos, soft play centres, circuses, adventure parks, nature reserves, wildlife parks and observation decks

The Government says it "expects businesses to pass on VAT savings to customers".

Corporation Tax. Don’t risk being charged interest on any corporation tax you owe! If you have a 31 August 2025 accounti...
21/05/2026

Corporation Tax. Don’t risk being charged interest on any corporation tax you owe!

If you have a 31 August 2025 accounting year end then you should pay your corporation tax by 1st June 2026.

Have you scheduled your payment?

19/05/2026

Do you have questions about Making Tax Digital for Income Tax?

Our video answers some of the common questions that clients ask us.

Do you have a query? Put your question in the comments - we'd love to help.

Working from home?An important income tax change affects employees working from home. From this tax year (6 April 2026),...
14/05/2026

Working from home?

An important income tax change affects employees working from home. From this tax year (6 April 2026), you can no longer claim income tax relief on non-reimbursed homeworking expenses. This includes household utility and costs and business phone call costs, for example.

Instead, the amount that can be paid can either be based on actual expenditure, with evidence, or at a fixed rate of £6 per week without providing receipts.

Eligible employees who did not claim during the last four years are able submit a retrospective claim for homeworking expenses.

This change emphasises the importance of having clear and fair reimbursement policies in place.

If you’re unsure how you or your team are affected, it’s worth getting advice.

Make sure you’re handling homeworking costs in the most effective way. We’re here to help.

12/05/2026

Are you caught by the first wave of Making Tax Digital for Income Tax?

If you are not VAT-registered, there's a simple option for you when submitting your returns.

Here it is ...

Reporting expenses and benefits is changing.Employers who registered to payroll benefits can manage their Benefits in Ki...
07/05/2026

Reporting expenses and benefits is changing.

Employers who registered to payroll benefits can manage their Benefits in Kinds through the online service. This includes reviewing and adjusting employee records.

If you haven’t registered, you must continue using the traditional reporting method for the 2025/26 tax year:

• Submit a P11D for each relevant employee
• Submit a P11D(b) to report Class 1A NICs

P11Ds for the 2025/26 tax year must be filed by 6 July 2026.

With reporting requirements evolving, now is a good time to review your processes and ensure everything is in order.

If you’re unsure about your obligations or need support preparing your submissions, please get in touch.

05/05/2026

Do you need to register for Making Tax Digital for Income Tax?

As a sole trader or landlord, you may have received a letter from HMRC. If not, it's still worth checking.

Here's how ...

Have you considered Kashflow bookkeeping?There are so many benefits:- Quick and easy filing of VAT returns- Instant prof...
30/04/2026

Have you considered Kashflow bookkeeping?

There are so many benefits:
- Quick and easy filing of VAT returns
- Instant profit & loss accounts
- Add a payment button on your invoices for fast and easy settlement
- Compliance with Making Tax Digital

Explore the possibilities. Enjoy a FREE subscription to Kashflow for four months.

Find out more via [email protected] or 01462 791079.

Address

Red Sky House, Fairclough Hall, Halls Green, Weston
Hitchin
SG47DP

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+441462791079

Website

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