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Meet The Team


Peter Craig,
Partner

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Qualifications

Peter qualified as a chartered accountant in 1979 after graduating from Newcastle University with a degree in economics.

Experience

Trained with a large independent firm in Sunderland and then spent a year in the audit department of one of the major firms before joining J N Straughan & Co. in 1979 where he was admitted as a partner in 1982.

Speciality

Peter has been involved in all fields of taxation during a professional career spanning 30 years.  This includes incorporation and passing on of family wealth.

Biography

Born and bred in Sunderland Peter has followed his local football team through thick and thin including attendance at all Wembley appearances during his lifetime! He is a keen skier and enjoys fell walking when the opportunity arises.

Tax news
A summary of the new powers legislation
HMRC publishes an updated version
This year’s tax return filing – how did it go?
The Tax Faculty is keen to have members’ feedback
Mandatory pension savings by and for employees
Earnings level for automatic enrolment and earnings figure to base contributions
Business records checks
Pause pending further discussions and refinement
Dissolution of Companies – ESC C16
The 1 March deadline approaches – what to do?
Tax credits and 31 January deadline
Following HMRC strike action, 2 extra days allowed
Further news on 31 January deadline
HMRC gives further advice on ‘extension’ of deadline
More on the tax code for share-based payments
HMRC publishes Qs&As
VAT claims where a person re-registers for VAT and has goods on hand from a previous registration
The evidence required: new HMRC policy set out in Revenue and Customs Brief 01/12
This week’s HMRC update for employers and agents
Penalties for 2010/11 end-of-year returns and for P45/46 forms which should have been filed online
Finance Bill 2012
The Finance Bill will be published on Thursday 29 March 2012
Dissolution of companies – ESC C16
The latest news
Tax return deadline extended due to strike action
No penalties for returns filed online on 1 or 2 February
Guidance on Entrepreneurs’ Relief – practical points
Tax Faculty publishes guidance – TAXGUIDE 1/12
31 January 2012 time limit for 2005/06 claims
A reminder of the deadline for taxpayers not in self assessment

The latest stories from the Business section of the BBC News web site.
Glencore-Xstrata in $90bn merger
Anglo-Swiss mining group Xstrata unveils a $90bn merger with commodity trader Glencore, a move opposed by some major shareholders.
RBS boss: 'Prove critics wrong'
RBS boss Stephen Hester breaks his silence on the controversy surrounding his bonus, saying the attention had been "discomforting, to say the least".
Euro 'could survive Greece exit'
EU Commissioner Neelie Kroes piles pressure on Greece to agree tough reforms, saying a euro exit would be "no man overboard".
Empty shop numbers 'set to rise'
The number of empty shops on the UK's high streets is set to increase this year, a survey says, as economic conditions get tougher.
Clydesdale Bank owner could sell
The Australian owner of the Clydesdale Bank and Yorkshire Bank is looking for options to sell or radically reform the businesses.
Stores offer warranty concessions
Dixons, Comet and Argos have pledged to improve the way extended warranties for electrical goods are sold, the Office for Fair Trading says.
Profits surge at GlaxoSmithKline
UK drugmaker GlaxoSmithKline announces profits of £1.9bn for the three months to the end of December, up from a £193m loss a year previously.
Lloyds Group to shed 1,000 jobs
Lloyds Banking Group announces it is to shed nearly 1,000 jobs and close three of its administration sites.
Tax deal brings out 2,000 evaders
Some 2,000 people from the UK with money invested in Liechtenstein have come forward after the tax haven was put under the spotlight.
India growth 'to fall below 7%'
India's economic growth is likely to dip below 7% for the 2011-12 financial year, new government statistics show.
BP ups dividend as profits rise
BP announces sharply higher profits and increases its dividend to shareholders for the first time since the 2010 Deepwater Horizon oil disaster.
Toyota increases profits forecast
Carmaker Toyota raises its profits forecast, saying its recovery is on track after the Japanese tsunami, Thai floods and the strong yen.
UBS profits down on weak business
Profits at Swiss bank UBS slump by three-quarters and the outlook remains tough as the eurozone crisis saps business.
Loss at steel maker ArcelorMittal
Steel maker ArcelorMittal reports a loss for the final three months of last year, but forecasts better times ahead.
UK bookings boost for Tui Travel
Europe's biggest travel group Tui Travel says its UK bookings have performed better than the overall market in recent months.
Hearts face action over tax bill
Heart of Midlothian Football Club is given eight days by tax officials to pay an outstanding bill or face liquidation.
'Gobsmacking' tax and NHS costs
Estimates showing £10.9bn in unpaid tax was written off and medical negligence could cost £15.7bn are examined by the Commons spending watchdog.
Dutch car plant in '1-euro' offer
A Mitsubishi Motors boss offers to sell its Dutch factory for one euro, a day after the Japanese car-maker said it was halting production there.
Budget political broadcasts axed
Budget Day political broadcasts have been axed, under new BBC rules.
EMA replacement 'failing young'
A report suggests poor young students are dropping out of college because the government's bursary scheme is "inadequate".
Pension costs 'may rise faster'
The mortality rate in England and Wales improved in 2011, which could have a knock-on effect on pensions, actuaries say.
Borrowers 'shunning credit cards'
Demand for credit cards is "feeling the strain" as UK borrowers turn to other forms of finance, a report suggests.
Euro crisis 'could damage China'
A eurozone recession could almost halve Chinese growth this year, according to a report by the International Monetary Fund.
Bank lending 'to shrink' in 2012
UK bank lending is set to shrink this year for the first time since 2009, according to the Ernst & Young Item Club.
Businesses 'cautious' on future
UK firms plan to cut back on capital investment and hiring as the UK economic outlook remains gloomy, a report suggests.
Citi to launch China credit cards
The Chinese unit of Citigroup wins approval to launch credit cards in China, the first non-Asian bank to do so.
Gas price rises as freeze bites
The price of gas increases sharply around Europe as below-freezing temperatures lead to a surge in demand.
Network Rail boss forgoes bonus
Network Rail bosses, including chief executive Sir David Higgins, say they will not accept bonuses this year amid growing political pressure.
Redknapp tax trial jury sent home
The jury in the Harry Redknapp tax evasion trial is sent home for the day with deliberations to continue on Wednesday.
2012 venue naming rights for sale
The Olympic Park Legacy Company has launched a process to recruit sponsors of venues beyond London 2012.
Gers Whyte may have lied to court
BBC Scotland uncovers evidence which suggests Rangers owner Craig Whyte may have lied in court.
VIDEO: Empty shops rate hits 14%
One in every seven shops on the UK's High Streets stood empty at the end of 2011.
AUDIO: 'We should stop using the word bonus'
Labour leader Ed Miliband, who has called for a tax on bankers' bonuses, is to lead a House of Commons vote on the issue. Peter Hahn, of the Cass Business School, and John Cridland, of the CBI, discuss whether executive pay is falling.
VIDEO: Merger will create mining giant
News of a merger between mining firm Xstrata and commodities trader Glencore has been met with a mixed reception by investors.
VIDEO: Thousands in Greece go on strike
Public transport and ports have ground to a halt in Greece as two of the country's largest public-sector unions strike in protest at continuing austerity.
VIDEO: My Bottom Line: Wol Kolade
Isis Equity Partners managing director, Wol Kolade, says banks need to offer small and medium-sized companies more credit to help fund advance customer orders, so they can grow and play a role in wider economic recovery.
AUDIO: Extended warranty deals 'not good value'
The Office of Fair Trading has concluded that extended warranties on items such as washing machines are not a good deal.
AUDIO: Europe must do 'real' business
Malaysia's former Prime Minister Mahathir bin Mohamad says Europe needs to produce 'real' goods and services, not rely on the financial sector
VIDEO: Connecting the future of business travel
As almost any road warrior will tell you, wi-fi connectivity is becoming more and more important and necessary.
What the Dickens is the author worth?
Valuing the author's brand, 200 years after his birth
'Europe is poor so should cut the cloth accordingly'
Time to learn from Asia and cut the cloth accordingly?
Road warriors struggle to get connected
Road warriors struggle to get connected
Arab Spring hits India mango trade
Indias mango industry hit by Arab Spring
Bristol launches its own currency
Keeping it within the local economy
Making money in war time
Making money in war time
Tales of woe from the roaming professionals
When working in a new country can prove unlucky
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