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.

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.
December 19, 2019

TT310: Scammers targeting self-assessment deadline

Fraudsters are targeting taxpayers with phone calls, texts and emails in the run up to the 31 January self-assessment deadline. The public notified HMRC of nearly 900,000 incidences in the last year of suspicious activity under the guise of HMRC contact, including 100,000 phone scams. Over 600,000 notifications related to fraudulent tax rebates.
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.
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