Topical Tips

We believe we are more than just your average accountancy firm. Our goal at Barnes Roffe is to engage our clients through a proactive relationship, which provides you with the resources and tools you need to enable you to take charge of your finances with confidence. Tax news, audit news and any new accounting news ... with the help of our topical tips, you can enjoy the benefit of being regularly informed of up to date accounting news updates which are most likely to be relevant to you and your business. So why not offer your business more. Take a look at our latest topical tips and see how they can help you. PLEASE NOTE: The Archive is a historical resource and by the very nature of these tips the details of tax law might have changed since they were published, so contact your Barnes Roffe partner before acting on any matter contained in these tips.

November 27, 2019

TT309: Are you missing out on R&D credits?

A significant rise in the number of research and development (R&D) tax credit claims among SME firms highlights how useful the credits can be for business development. But many older firms are not taking advantage of their potential. R&D reliefs are among the most generous tax breaks for UK businesses.
November 22, 2019

TT308: US Sales tax, South Dakota v. Wayfair Inc – what is this and why does it matter to you?

I recently attended an excellent presentation by William Finnecy, a CPA from Pennsylvania, USA.  We were attending a conference of our international association, International Practice Group in Bratislava, Slovakia.  I felt it would be useful to share this.
November 11, 2019

TT307: From tax scams to tax codes – the knowledge gap

As many families across the country waved off students into the next stage of growing up and taking control of their own finances, advice from HMRC on student-targeted scams, coupled with a wider tax knowledge survey, highlight potentially dangerous gaps in public understanding of the tax system.
November 04, 2019

TT306: Seismic shift for off-payroll contractors

Some large companies affected by the extension of the off-payroll IR35 rules next April have started to curtail their use of contractors working through personal service companies (PSCs) as the landscape of freelance working looks set for a seismic shift.
November 01, 2019


HMRC have admitted that a number of workers in Scotland and Wales have paid the wrong amount of income tax due to incorrect tax coding notices issued by them.  HMRC have not disclosed how many workers were affected by the mix up of tax codes which are used to identify where people live.
October 18, 2019

TT304: 2019 year end accounts (FRS102 update)

With 2019 almost at a close, and attention turning shortly to year end numbers, accounts preparers should be aware of important changes to FRS102 now effective.
October 11, 2019

TT303: Cracking down on compliance pays for HMRC

New figures show HMRC’s “customer compliance” efforts are yielding substantial sums.  In early August, HMRC issued its annual report and accounts for 2018/19. While is 301 pages are not everyone’s choice of holiday reading, it did contain some eye-opening information about the “compliance yield” – how much HMRC raised from its work in countering tax avoidance schemes, tax evasion and plain fraud.
October 03, 2019

TT302: Well-being at the heart of recruitment and retention

People always aspire towards achieving the elusive ‘work-life balance’, but in 2019 it’s increasingly an expectation as employees look to their workplace for more than just salary and perks. A survey by Accountancy Age, in October last year, revealed that UK workers spend almost 3,515 days at work during their lifetime.
September 26, 2019

TT301: Deadline spurs surge in Making Tax Digital registrations

Businesses rushed for last-minute sign up for Making Tax Digital (MTD) before the first quarterly VAT submission deadline, according to figures from HMRC. A blitz from software advertisers, and online updates from the government, encouraged qualifying businesses to register before by 7 August, the deadline for submitting their first quarterly VAT filing using MTD.
September 12, 2019

TT300: Brexit? Exit no deal?

How will this impact on recovering debts post Brexit? Brexit looms large for all businesses, some of which trade with Europe.
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