BR Blog

We're all about communication at Barnes Roffe, especially when it comes to our clients and contacts: existing or potential. For this reason we have set up our 'Blog Spot'. To help you to get to know our team, recognise our motivations and more importantly feel confident in the strategies we promote.We post here regularly, to help give you the insight and understanding you need to take every market change in your stride.

October 10, 2016

Micro Entity Accounts

Following on from my colleague’s blog ‘The end of FRSSE’ which stated that for accounting periods beginning on or after 1 January 2016, the latest incarnation of FRSSE (2015), will no longer be available and companies will need to choose between FRS102 and FRS105 (Micro Entities), we will look at the options available for clients. . .
October 05, 2016

Ecarnomics

A few years ago, my car mad father returned from the auctions with a very presentable Mazda MX5 @£1,500.  He swears by running an “old banger” as opposed to purchasing a new car, with previous auction purchases including a Toyota MR2, BMW, Fiat Abarth and numerous Fiat Puntos (our family car of choice).
October 05, 2016

Technological change stops for no one

As the Party Conference Season passes (again) I wonder what the future will hold for us all.  The level of uncertainty seems to be higher that before.
September 07, 2016

Holiday currency exchanges: How not to get completely stung by fluctuations

Following the Brexit result there has been much talk about the impact on foreign currency exchange rates – particularly the impact of when we go on our travels. Having recently returned from Spain, my friends and I certainly noticed the increased cost of travelling in Europe.
September 02, 2016

The end of FRSSE

After the seismic change to medium sized company’s financial statements with the move to FRS 102, the next change is the end of the road for FRSSE (Financial Reporting Standard for Smaller Entities).
September 01, 2016

Tax Fraud – European Population Wishes

A recent survey commissioned by the European Parliament highlighted that the public would like to see more action in this area. The top three priorities revealed by the results were: Terrorism Unemployment Tax Fraud Various respondents wanted more EU action in the fight against Tax Evasion and an effective response to the growing concern.
August 30, 2016

Pension Auto Enrolment update

The number of businesses required to automatically enrol into a pension scheme is set to peak over the next 18 months, with an estimated 1.8 million small (5-49 staff) and micro (1-4 staff) employers now being required to take action.
August 18, 2016

Tax Compliance – Proposed Increased Fines and Regulations

HMRC are proposing the following changes which they would like to introduce over the next few years:- A sliding scale of penalties for the late filing of Tax Returns. 4% of outstanding tax for Tax Returns filed between 30 days and 6 months late.
July 29, 2016

Sage Line 50 V22 B

Sage Line 50 – V22 B As always Sage upgrades its software regularly (usually annually), so what is new with V22 and is this ‘worth the upgrade’? With each update Sage is making accounting life easier for individuals, easing the volume of inputting and listening to users as to how and where the software can. . .
July 28, 2016

Brexit and VAT

The result of the 23 June Referendum was a majority in favour of leaving the European Union. There will be no immediate changes to the legal and regulatory environment, however the impact on VAT could perhaps be the most significant.
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