News

Find out the latest goings-on at TTR Barnes by browsing our news posts:

Presenting Challenges 10th December 2013

Most people in business will need to give a presentation at some point in their career this may be an internal meeting between colleagues or a sales pitch to potential customers. These days, the chances are that these meetings will […]

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Running your business from home? 10th December 2013

If you run your business from home you can claim a percentage of the running costs when calculating the business’s profits for tax purposes. Historically, this has been estimated by us following a discussion with the client. To be allowable, […]

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Are you holding on to VAT that doesn’t belong to you? 10th December 2013

If a customer doesn’t pay you, you can claim back any VAT on this payment that you’ve already paid over to HMRC. But what happens if you are withholding payment to a supplier because you’re in dispute with them? Unless […]

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HMRC can now access credit card data 10th December 2013

With effect from 1 September 2013 new powers allow HMRC to access information from the UK’s credit card merchants on all credit and debit card payments to UK businesses. These powers allow HMRC to ascertain the number and value of […]

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Out in Force 4th December 2013

Over the last couple of years, HMRC has launched over 30 Task Forces to identify tax evasion in specific market sectors. These Task Forces have on the whole been successful by encouraging tax evaders to come forward by offering lower […]

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PAYE – Late Payment Penalty Alert 4th December 2013

If you do fall into arrears with your PAYE payments, you should contact HM Revenue & Customs as soon as possible and request that any payments you make are allocated against your current  liability in preference to any outstanding amounts, […]

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The Winners and Losers 4th December 2013

As of the 2013/2014 tax year, personal allowances will be based upon a person’s date of birth rather than their age, with allowances for older people frozen at their 2012/2013 levels. People born between 6 April 1938 and 5 April […]

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Tax Saving Tips

Top 10 tax saving tips 4th December 2013

Here are our top 10 ways of saving tax – for you, your family and your business. 1. Maximise personal allowances Ensure that you are making the most of your tax-free personal allowances, which for 2013/2014 is £9,440 for those […]

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Nowhere to hide! 4th December 2013

Over £30m will be recovered from tax dodgers as HM Revenue & Customs (HMRC) launches new taskforces around the country to make rapid inspections of various trades and professions. The taskforces will target individuals in specific high risk trade sectors […]

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Lifting the Lid on the Patent Box 4th December 2013

The Patent Box is a new, preferential corporate tax regime which will apply a reduced rate of tax to profits derived from patents from April 2013. The rate reduction will be phased in over 5 years and will apply to […]

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