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

TTR Barnes

TTR Barnes. Proactive, personable and value for money accountancy services. This page is for updates and advice on the latest news in the financial world.

We have a great deal of experience in handling accounts preparation for owner-managed businesses, from sole traders to large partnerships. Our policy of a personalised, added-value service really does appear to make a difference. That’s because we don’t merely produce accounts – we interpret them. From our thorough knowledge of the client’s accounts, we can offer an informed opinion as to what decisions can be taken to influence future results.

20/07/2026

Side hustles have become a normal part of life for many people.

Whether you're selling on Etsy, creating content on TikTok, driving for Deliveroo, freelancing in the evenings or making extra income through online platforms, it's important to understand when that income becomes taxable.

Our latest article explains:

✔ What HMRC considers a side hustle

✔ The £1,000 trading allowance and how it works

✔ When online selling becomes trading

✔ Tax considerations for influencers and content creators

✔ How side-hustle income can affect your tax band

✔ National Insurance implications

✔ The expenses you may be able to claim

If you've earned extra income over the past year, now is a good time to make sure you understand your tax obligations before the next filing deadline arrives.

Read the full article here: https://bit.ly/4bNlFpI

02/06/2026

The Autumn Budget introduced some important changes to how businesses can claim tax relief on equipment and machinery and we’re now starting to see these increasingly come into effect.

Capital Allowances haven’t gone away, but the way relief is given, including the timing and available routes, has shifted.

If your business invests in tools, machinery or equipment, there are still valuable ways to mitigate tax liabilities. However, understanding how these changes impact your planning is now more important than ever.

We’ve pulled together a short overview covering what Capital Allowances are, what’s changed, and what to consider when planning future investment.

https://bit.ly/4e29aqT

21/05/2026

A recent thought-provoking afternoon for some of the team, taking part in a round table discussion on AI and its rapidly expanding role across our industries.

The event, in collaboration with the University of Sunderland and Access Training Limited, brought together a range of perspectives on how AI is shaping the future of work.

For accountancy in particular, AI is already helping to support processes, improve data analysis and free up time for the important strategic, advisory-focused work. While the technology is evolving quickly, the real opportunity lies in how businesses adopt it responsibly and effectively.

Great to be part of the conversation and hear how others are approaching this fast-moving space.

13/05/2026

We’ve been to that many events with the red and white army, we’re starting to wonder if they’re looking to strengthen the squad and sign us up… ⚽😄

Last month, some of the team spent the morning at the Stadium of Light. It was great to see the improvements being made and how things are continuing to evolve. We’re looking forward to seeing what comes next.

This month, we had the pleasure of being hosted at the brilliant Seaham Hall. It was a really insightful session, particularly hearing from Tom Burwell as he shared his vision and ambitions for the club.

There’s a real sense of momentum both on and off the pitch, exciting times ahead for the club and always a pleasure to meet other like-minded professionals across the North East.

06/05/2026

Company Car Tax: Is the EV Era Over, or Just Entering a New Phase?

The tax advantages of Electric Vehicles (EVs) made them the definitive choice for both business owners and employees.

But a realignment of the tax system and associated benefits related to EVs, poses the question - is an EV is still the most financially-efficient option?

Find out in our latest guide: https://bit.ly/3QxbspZ

01/05/2026

Take us back!

This time last month we had the pleasure of supporting and celebrating the fantastic Red Sky Foundation ❤️ at their annual Red Sky Ball.

It’s always a brilliant event, and this year was no exception. From great company to top-class entertainment (including Chesney Hawkes!), it was a fantastic evening and a great chance to see our team enjoying themselves away from the office.

Most importantly, the impact of the night was incredible...750 attendees and an amazing £180,960 raised!

Red Sky Foundation, based right here in Sunderland, does truly life-changing work supporting children with heart conditions and their families across the UK. It was inspiring to hear more about the difference those funds will make.

A fantastic evening for a very worthy cause.

30/04/2026

The Sunderland Professionals event is always one we look forward to, with a great mix of insightful discussion and the chance to catch up with familiar faces across the local business community.

This time the event was held at The Place, and what a fantastic venue it is. We’re lucky to have such an impressive space right here in Sunderland.

It was particularly interesting to hear from Stephen Gallagher at the British Esports Federation, offering a real insight into the fast-growing eSports sector - an area that’s becoming increasingly relevant for businesses and young people alike.

We also enjoyed learning more about the work of the STS Charity and the opportunity to support such a worthwhile local cause.

Address

3-5 Grange Terrace
Sunderland
SR27DG

Opening Hours

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

Website

http://www.ttrbarnes.com/

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