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Welcome to the JN Straughan website. Situated close to the heart of the picturesque City of Durham JN Straughan have been established in Durham for over 40 years. We have established a reputation for delivering a range of quality financial services to both individuals and owner-managed businesses. We monitor changes in Taxation and Legislation and will advise you on how they affect both you and your business.

Please feel free to browse the website to see what services we can offer you and how we may help you with your Accountancy and Audit requirements.

J. N Straughan & Co Chartered Accountants has been established in Durham for over 40 years. During that time we have developed a reputation for our expertise in delivering a range of Business Services both to Individuals and Owner-managed entities.

We are committed to providing a comprehensive, pro-active and personal service, identifying problems, providing solutions and highlighting opportunities.

You can rest assured that you will never become just a number, but will always be able to speak to an appropriately qualified person who is familiar with your financial affairs.

Although we have a traditional background, we are progressive. Investing in improved technology and continuous training for the partners and staff.

We monitor the latest changes in Taxation and Legislation and will advise you on how these affect both you and your business.

We offer financial guidance to assist growth, maximise profitability and minimise tax liability.

We ourselves are a small business, and therefore aware of the financial constraints under which such enterprises work. While appreciating the value of professional advice it is essential that you know what it will cost.

In many cases we will be able to supply you with an estimate for work to be undertaken during the year. By electing to pay by standing order you will enjoy the dual benefits of a fixed fee accountancy service and the knowledge that at the end of your financial year, there is nothing left to pay.

We provide a professional service designed to meet your personal requirements.

We would appreciate the opportunity to discuss your requirements so please contact us on 0191 384 7783 or complete the online enquiry form to arrange an initial meeting.







Tax News
Child benefit changes
ICAEW thinks proposals for High income child benefit tax charge won’t work
VAT on single purpose vouchers
Government changes the law with immediate effect
VAT recovery
What time limits can the Government impose on VAT recovery claims?
France should not withhold tax on dividends paid to non-residents
A ruling by the European Court of Justice could also reward UK investors
HMRC service issues initiative - update at 14 May 2012
The latest update is published
IR 35 guidance
HMRC publishes risk assessment rules for IR35
HMRC starts the PAYE reconciliations for 2011/12
3.5m taxpayers will get refunds and 1.6m have tax to pay
The Queen’s Speech
New legislation planned for the coming year
Agent Update 29
HMRC’s bi-monthly update for agents is now available
Senior Accounting Officer
Senior Accounting Officers (SAOs)  now have their own Manual
Disclosure of Tax Avoidance Schemes
The latest statistics
Scotland Act 2012
The Act came into law on 1 May and gives Scotland the right to levy income tax
IHT news round up
New lower IHT rate on gifts to charity; instruments of variation; pre-owned assets and more
Guide to taking on a first employee
Step-by-step guide and some myths exploded
Gift Aid Small Donation Scheme
Further public meeting

The latest stories from the Business section of the BBC News web site.
Obama: EU 'must focus on growth'
US President Obama wraps up a G8 summit saying that leaders agree economies must focus on jobs and growth to boost recovery.
Balls warns of cuts 'catastrophe'
Labour's Ed Balls warns the world economy faces a "catastrophe" unless Germany abandons pressure on eurozone countries to cut public spending.
Report 'to urge cutting red tape'
The prime minister is this week expected to back a plan to help boost growth by cutting employment red tape.
Facebook shares see modest debut
Facebook shares end a volatile first day of trading at $38.23, barely above the company's initial pricing, having initially jumped more than 10%.
Yahoo jumps on Alibaba deal talk
Shares in internet giant Yahoo rise 5% on reports that it is close to selling its valuable stake in Alibaba Group, the Chinese e-commerce company.
Merkel 'suggests Greek euro vote'
Greek officials say Germany's Chancellor Merkel has suggested a euro referendum, but Berlin denies the report.
N Rock rescue 'could cost £2bn'
The taxpayer could lose about £2bn once the assets of collapsed bank Northern Rock are wound down, the National Audit Office estimates.
JP Morgan boss to testify in US
JP Morgan chief executive Jamie Dimon will appear before a Senate committee to explain the bank's $2bn trading loss on a failed hedging strategy.
UK in £50m pork deal with China
The UK agrees a £50m trade deal to sell pork to China, the world's biggest market for pig meat, where parts such as offal and trotters are more popular.
HMRC defends child benefit plan
Asking people to reveal financial information to their partners is legal, HM Revenue & Customs says, despite claims it breaks confidentiality rules.
Cuban offshore oil attempt fails
Spain's Repsol oil company says a first attempt to find oil off Cuba's northern coast has been unsuccessful.
LSE reveals strong profits rise
The London Stock Exchange bucks the economic turmoil to deliver a better-than-expected rise in annual profit.
Argentine gas exports cancelled
Spanish energy giant Repsol cancels a contract to provide gas to Argentina, in a continuing row after Buenos Aries nationalised one of its subsidiaries.
Rain dampens sales at pub group
Pubs group Mitchells & Butlers reports a sharp slowdown in sales, saying the recent wet weather has led to fewer customers.
Stagecoach in £100m US expansion
Perth transport group Stagecoach is to buy parts of a US bus firm for about £100m, helping it expand its operations.
EU 'plans for Greek exit option'
The EU Commission and European Central Bank are making contingency plans for a possible Greek exit from the euro, an EU commissioner says.
Facebook boss in surprise wedding
Facebook founder Mark Zuckerberg ends a hectic week by getting married to long -time girlfriend Priscilla Chan in a surprise ceremony at his home.
Inside world's ‘priciest house’
The first pictures are released showing inside the "world's most expensive house", owned by the Ambani family in Mumbai.
£9k fees 'to push debt up £100bn'
A study suggests public sector debt will be pushed up by £100bn over next two decades by higher university fees.
Private rents 'increasing again'
Private rents in England and Wales went up by 0.5% in April, according to letting agency group LSL Property Services.
More households in fuel poverty
Gas and electricity price rises at the end of last year are expected to have pushed 400,000 more households in England into fuel poverty.
China property prices fall again
Chinese property prices continued to fall during April after the government kept policies in place to curb speculation.
Spain's cost of borrowing jumps
The cost of borrowing on the international money markets rise sharply for Spain as investors fear further financial turmoil in Europe.
Cameron defends his euro warning
David Cameron says it was "more dangerous to stay silent than to speak out" - and insists there will be no retreat on deficit reduction.
Moody's downgrades Spanish banks
Ratings agency Moody's cuts the credit ratings of 16 Spanish banks, as shares in struggling lender Bankia fell another 14%.
Jobs boost as UK gets Astra deal
Vauxhall's Ellesmere Port car plant will build a new Astra car in a deal that means huge investment and the creation and support of thousands of jobs.
US puts tariffs on Chinese panels
The US says it will impose import tariffs of about 30% on Chinese solar companies, saying China is flooding it with subsidised products.
Ticketus deal 'being terminated'
Charles Green says administrators at Rangers have told Ticketus they are terminating its contract over future ticket sales.
Debt-ridden Glens to get IFA loan
Glentoran's cash flow crisis is expected to be eased by a loan from the Irish Football Association.
Sierra Leone league resumes
Sierra Leone's football league resumed on Friday, less than a week after suspending operations because of a shortage of funds.
AUDIO: Peston: Rock loss 'not a disaster'
A report published by the National Audit Office into the creation and sale of Northern Rock reveals that the government is likely to lose £2bn overall by the time all the assets are wound down. The BBC's business editor Robert Peston has the details.
VIDEO: EU 'taking all neccessary action'
EU Economic Commissioner Olli Rehn has said the eurozone is taking "all neccessary action in order to overcome" the debt crisis.
VIDEO: Eurozone in spotlight at G8 talks
The leaders of the G8 group of the world's most powerful economies say they want debt-stricken Greece to remain in the eurozone.
VIDEO: Facebook shares see modest debut
Facebook shares ended their first day of trading at $38.23, barely above the company's initial pricing of $38.
VIDEO: Should Britain build a spaceport?
A new report is recommending that the UK builds its own spaceport, to enable tourists to go into space.
VIDEO: 'Business leaders should work harder'
Former Sun editor Kelvin MacKenzie has said British business leaders should work harder to get the UK out of the current economic downturn.
VIDEO: From prison to Belfast distillery
A notorious Belfast prison that held IRA inmates during the worst of the city's sectarian troubles is to be transformed into a whiskey distillery.
VIDEO: UK signs pig deal with China
The government has signed a multi-million pound deal to export British pork to China.
Facebook: How the others fared
How did other internet companies fare after flotation?
Euro fears on the streets of Spain
Spain, feeling fragile, looks to Germany for help
Pawnbrokers attracting new custom
Offering shoes and handbags as security for a loan
Huge economic challenge awaits Egypt's next leader
Egypt's economic crisis sets major task for country's next leader
The entrepreneurs aiming to rebuild Greece
The young entrepreneurs aiming to rebuild Greece
Asian trading heads for online
The social networks breaking Asia's stock market traditions
How to ask for a pay rise
How to ask your boss for a pay rise
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