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.

March 18, 2020

TT320: Delay to off-payroll working reforms

Amidst the uncertainty caused by the economic impact of covid-19, there has been a welcome reprieve for businesses grappling with the introduction of the off-payroll working reforms to the private sector. Steve Barclay, Chief Secretary to the Treasury, revealed the postponement late in Tuesday evening’s House of Commons session.
March 02, 2020

TT319: Tax investigations and Barnes Roffe fee protection

HMRC enquiries have become better targeted, and are being undertaken with an unprecedented level of detail and persistence. As mentioned in a recent Topical Tip (TT303, October 2019), total tax revenues in 2018/19 increased by £22bn to £627.9bn with tax investigations yielding £34.1bn of that – a 12.5% increase in additional tax on 2017/18.
February 13, 2020

TT318: Off-payroll reforms into review

Following months of disquiet, the government announced a review of the extension of the off-payroll taxation rules into the private sector.
January 30, 2020

TT317: New year, new government

How will the new government affect your financial planning?    December’s general election delivered a Conservative government with the sort of majority which consigns the knife-edge parliamentary battles of recent years to the past.
January 23, 2020

TT316: Key Business Trends for 2020

The environment, wellbeing, mental health and technology look set to be some of the big business trends in 2020. As we move into 2020, businesses will have to adapt in a world that places greater emphasis on sustainable business practices.
January 16, 2020

TT315: Reduce debtor days to improve cash flow

Cash flow is king in any business. Yet cash flow is one of the areas that many businesses struggle to manage. Customers are reluctant to part with their money, even if it’s to pay for your goods or services. As such, it can take a while for them to pay their invoices.
January 09, 2020

TT314: Effective Employee Benefits Don’t Have to Cost Much

Work life balance and flexible working benefits may be more valued than some of the more expensive employee benefits offered by some businesses. Google is well known for providing everything from free food to onsite gyms, while Netflix has joined the bandwagon of firms offering unlimited holidays.
January 02, 2020

TT313: Managing Leadership Transition

Successfully managing a change in leadership can be difficult for any business. Good communication and proper planning are key. A change of leadership should be viewed as both a challenge and an opportunity for any business. If you are promoting existing managers, you should be prepared for some challenging times.
December 31, 2019

TT312: Avoiding Burnout

In today’s “always-on” society, business owners and managers are under more pressure than ever. Stress related workplace burnout is now recognised by the World Health Organisation (WHO) as an official medical diagnosis. Here are some tips to help to avoid burnout.
December 23, 2019

TT311: Managing a Redundancy Process

In the current economic climate, it is increasingly likely that at some stage, you could have to manage a redundancy process. In today’s uncertain business climate many firms face the possibility of having to reduce their operating costs. This means that many managers will have to run a redundancy process.
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