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.

June 17, 2019

TT294: Share Incentives

For small businesses attracting and retaining staff is often difficult especially when competing with large corporates who offer attractive benefits such as share schemes. Share incentives are an area often overlooked by smaller firms given that there is usually no traded market for the businesses’ shares.
June 06, 2019

TT293: Could you be Jointly Liable for your Co-Partner’s Inappropriate Conduct?

A Court of Appeal decision provides a warning to owners of businesses that trade as a Partnership. The Court held that a Partner was jointly and severally liable to a third party for the breach of fiduciary duty of another Partner.
March 26, 2019

TT292: Year End Tax Planning – 2018/19

‘When it’s gone, it’s gone’! After 5th April, it is simply too late to put certain tax strategies in place.
March 25, 2019

TT291: Prepare your business for leaving the EU without a deal

On the 1st March 2019, our TT289: Importing Goods to the UK in the event of a ‘No Deal Brexit’ was published.
March 21, 2019


On 12 February 2019, the Finance Act 2019 was given Royal Assent, which included the provision for the introduction of the new Structures and Buildings Allowance (SBA) that was announced in the Autumn 2018 budget.
March 01, 2019

TT289: Importing Goods to the UK in the event of a ‘No Deal Brexit’

Transitional Simplified Procedures As part of the government’s preparation for Brexit, a new importation process has been announced in order to make importing easier than it would be for the initial period should the UK leave the EU with ‘no deal’ on 29th March 2019.
February 28, 2019

TT288: DEBT FREE/CASH FREE share sales – Is it as simple as it sounds?

Most business owners will know that their businesses are generally valued by applying a multiple to their maintainable earnings – where the multiple reflects the risk of achieving those earnings. Therefore, the stronger the business, the higher the multiple used and the higher its value.
January 24, 2019

TT287: Are you ready for making Tax digital (MTD) on 1 April

From 1 April 2019 all businesses with taxable turnover above the VAT registration threshold (currently £85,000) must keep business records in digital form and file VAT returns using MTD compatible software. MTD will apply from the first VAT return period commencing after 31 March 2019.
January 07, 2019

TT286: Brexit Warnings

Now that the New Year is here the close proximity of the Brexit date of 29 March 2019 (at 11pm on that day if you want to be accurate) is creating some nervousness amongst our client base. The increasing possibility of a no-deal Brexit will have consequences which need some planning for: 1.
January 02, 2019

TT285: Entrepreneurs Relief – Budget Changes to the Availability of the Relief

In his Budget on 29th October 2018 the Chancellor of the Exchequer announced changes to the legislation on Entrepreneurs Relief (“ER”) to counter perceived to be abuses.
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