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Topical Tips

Audit Exemption and Thresholds 2025
April 23, 2025

Changes to audit exemption 2025: What you need to know now


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From 6 April 2025, the audit exemption thresholds changed in UK. But what are the new audit requirements and what are the benefits of retaining an audit?

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March 27, 2025

Spring Statement – 26 March 2025


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INTRODUCTION In mid-March 2024, the then Shadow Chancellor, Rachel Reeves gave the Mais lecture to the good and the great of the City. In it she set out her broad

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March 17, 2025

Spring Statement 2025: Will the Chancellor announce more changes that will affect businesses and their owners?


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The Spring Statement (often referred to as the Spring Budget or Spring Forecast) will take place on 26 March 2025. But what might Rachel Reeves announce following all the significant changes in the Autumn Budget 2024?

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EOT
March 14, 2025

Incentivising employees using an Employee Ownership Trust (EOT)?


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Lets explain the key aspects of an employee ownership trust, including its benefits to both shareholders and employees, its uses and setting up an EOT.

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March 11, 2025

Tax planning strategies for 2025 – Tax efficient profit extraction


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In recent years, the changes in Corporation Tax rates, National Insurance, tax-free dividend allowance and dividend tax rates, has altered the advice each business owner requires to ensure their company profits are extracted in a tax-efficient way.

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March 5, 2025

Why do I need fee protection insurance / tax investigation insurance?


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In this blog, we look at HMRC enquiries, how they may affect you and the benefits of having fee protection insurance in place.

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February 17, 2025

Financial forecasting and its impact on company financing


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Financial forecasting and its impact on company financing Financial forecasting is an important part of the annual budgeting process for established and new businesses and plays a key role in

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January 30, 2025

Changes to Group Audits and Utilising Component Auditors under ISA (UK) 600


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Background The need for the audit profession in general to improve the quality of group audits is regularly highlighted by external regulatory inspections, and group audits present real challenges, many

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pension tax rules
January 29, 2025

Check and top up the State Pension – why everyone should check their NI record & take action before April 2025!


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The amount of State Pension you, your family, and your employees will be entitled to in the future will depend on the amount of National Insurance Contributions (NICs) each individual

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October 18, 2024

125 days of giving – Barnes Roffe charity impact


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To mark our anniversary, Barnes Roffe wanted to do something for charity that wasn’t just a onetime experience.

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October 15, 2024

HMRC letter asking to verify financial information is a fraud


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Over the years, we have seen many tax scams. However, a new scam alert has recently been issued by HMRC and we’ve recently seen the scam in action.

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October 11, 2024

What can businesses expect from the Autumn Budget 2024 – VAT on school fees


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Whilst there remains much speculation around potential Autumn 2024 Budget announcements, the rumours around VAT on school fees have now been made clearer by the release of policy papers by the Government regarding VAT on private school fees.

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