Archives

October 2022

What does basis period reform mean for your business?

5th October 2022

The rules HMRC use to work out sole traders’ and partners’ profits for Income Tax in a Self Assessment return are changing. In this article we explain basis period reform, who’s affected and what this means for your...

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Mini Budget September 2022: The Government’s plans for growth

26th September 2022

Important: Please note since publication of this article the Government have announced a new financial statement. Please see our guide to the Autumn Statement 2022 for the most up to date information. Last updated 21st November 2022. The...

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Bookkeeping software training and support services

6th July 2022

Many of our clients already take advantage of our bookkeeping services, but did you know we also offer tailored, one-to-one support to efficiently use Quickbooks, Sage and Xero? Having accounting software allows you to complete the tasks that...

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TTR Barnes strengthens Tax Department with two appointments

10th May 2022

The Tax department here at TTR Barnes is delighted to announce the promotions of two team members. The moves will support our continued commitment to the breadth and quality of services offered within the department. Scott Laight  ...

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Making Tax Digital April Threshold Changes

29th March 2022

From April 2022 businesses that charge VAT but with a turnover below £85k will need to ensure compliance with the Making Tax Digital scheme.   Impacting some 1.1m businesses, paper VAT records or those through the HMRC portal...

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Increased action from banks on those defaulting on Bounce Back Loan repayments

29th March 2022

Increased action from banks on those defaulting on Bounce Back Loan repayments   Banks are set to get tougher on those defaulting on repayments after more than £240m of 100% guarantees on Bounce Back Loans were removed by...

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HMRC encouraging business owners to explain NIC increases amid threshold changes and latest announcements

29th March 2022

HMRC encouraging business owners to explain NIC increases amid threshold changes and latest announcements   From 6th April 2022 National Insurance contributions will increase by 1.25%, the estimated £11bn income from which will go to increased funding for...

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Newly-launched government Help-to-Grow Digital scheme can help fund financial and accounting software for small businesses

25th February 2022

Designed to support businesses in their adoption of digital technologies, the Help-to-grow Digital scheme is a UK-wide government initiative launched earlier this year. It provides support in two key ways: Free access to practical, impartial advice about digital...

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Wellbeing at work

13th January 2022

At TTR Barnes we have been advocates of positive wellbeing at work for some time but have recently pushed our efforts even further with the appointment of a dedicated Wellbeing Ambassador.  As momentum grows in this important area,...

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Top 4 Outrageous Taxes You Didn’t Know Existed!

13th January 2022

With the self-assessment deadline fast approaching and taxes on everyone’s minds, we thought it might be a little light-hearted relief to share some purported bygone taxes we will all be pleased to know don’t apply anymore!     Window...

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Chartered Accountants in Sunderland, offering expertise on everything from Tax and Business Planning,
to Accounts and VAT.