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.

July 29, 2015

TT224: Company Law update – July 2015

Corporate Directors There were proposals to prevent companies appointing corporate directors from October 2015, as well as introducing a transitional period to begin the removal of corporate directors from all companies (except for some specific exemptions). This proposal has been delayed and is expected to be introduced in summer 2016.
Company Law update – July 2015
July 21, 2015

TT223: Employment Intermediaries – The New Rules Explained!

From 6 April 2015, many labour suppliers are subject to new quarterly reporting rules and must send information to HM Revenue & Customs about workers where they do not operate PAYE.  The rules have some surprising consequences for those who may not even realise they are affected.
Employment Intermediaries
June 22, 2015

TT222: Beware a hidden cost increase for the construction industry

Various changes are afoot to restructure in the construction industry to minimise the costs from a new Construction Industry Training Board (“CITB”) Levy (”the Levy”). There is a significant change now here which will potentially increase this costs to many businesses.
bernes roffe
June 02, 2015

TT221: Do you like sharing?

One area of tax that has substantially changed over the last few years is the taxation and administration of employment related securities. Share schemes – HMRC annual reporting If your company runs a share scheme (approved or unapproved), the annual reporting forms now have to be filed electronically using HMRC’s online systems.
barnes roffe
May 07, 2015

TT220: Close the door on cyber crime

With technology continuing to move faster than ever, businesses are becoming increasingly reliant on their computer systems and networks. In many modern organisations, both day to day operational activities and sales generating tools such as websites are completely dependent on a good technological infrastructure.
Close the door on cyber crime
April 13, 2015

TT219: Settlement discounts

Until the start of this month, most businesses offering a Prompt Payment Discount (PPD) as part of their standard terms only accounted for VAT on the discounted price, even if the full price was subsequently paid.
March 26, 2015

TT218: Tax planning opportunities

Having recently suffered the pain of paying your personal tax bill, what action can be taken now to legitimately minimise your liability for the year to 5 April 2015? If January wasn’t gloomy enough, with short days and icy mornings, it also brought the payment of personal tax liabilities.
EU VAT registration
March 23, 2015

TT217: Topical Tips for Employers

Last week was the final Budget before the General Election. There were a number of changes and announcements aimed across a spectrum of people. This note will focus on ‘employers’ and mention a few measures that will take affect from 2015-16 tax year although some of the changes were already announced.
February 24, 2015

TT216: Pre-tax year end planning

It’s time once again to turn your thoughts to the end of the current tax year that is fast approaching on 5th April.
February 09, 2015

TT215: Don’t forget to claim your Employment Allowance

There is less than two months to go before the end of the tax year which means there are a number of forthcoming end of year PAYE processes to be completed including submission of the final Full Payment Submission (FPS).
Employment Allowance
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