Latest News

Up to 28,000 small businesses set to receive financial boost following increase in VAT threshold

9th May 2024

As of 1st April the VAT registration threshold has been raised from £85,000 to £90,000. The VAT move is set to benefit up to 28,000 small businesses, who will no longer meet the threshold for VAT submissions. The...

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Changes to National Insurance Contributions

24th April 2024

The rate of National Insurance Contributions paid depends on your employment status, whether you are employed or self-employed and how much you earn.  In last year’s Autumn Statement – as part of the National Insurance Contributions (Reduction in...

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Meet the Team: Sue Davison

28th March 2024

TTR Barnes grows Administration & Payroll Team with new member. We are thrilled to welcome new administration assistant Sue Davison to the TTRB family.   What is your career background? I started my work life at Royal Mail,...

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Key Takeaways: Spring Budget 2024

8th March 2024

Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’. In this article we break down the key announcements made...

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Basis Period Reform: Changes to accounting periods from 2023/2024 for individuals and partnerships

21st February 2024

As of 6th April 2024 business profits for sole traders, unincorporated businesses and limited liability partnerships should be calculated inline with the tax year,” rather than on the “current period basis”, thus aligning all accounting periods to the...

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