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.

April 22, 2002

TT21: Budget Aftermath

Forget the spin – it’s a tax and spend budget! In this issue we comment on the key feature of the recent Budget – National Insurance changes – and offer reminders of the ways in which this swingeing tax increase can be avoided by certain individuals and companies.
March 25, 2002

TT19: Tax-Free Development Gains

In issue 11 of Topical Tips we demonstrated how the Capital Gains Tax (“CGT”) main residence election can be used to secure substantial or total exemption from CGT in respect of holiday homes, even those that are located outside the UK.
March 22, 2002

TT18: Financial Reporting Standards and Pensions

Startling headlines have appeared in the press about the effect of new accounting rules upon some companies. These rules force certain companies to recognise deficits in their company “final salary” pension schemes on their balance sheets i.e. they must show any under-funding within the pension schemes as a liability against the company’s assets.
February 28, 2002

TT17: Car Benefits

Many of you will have received your notices of coding for next tax year (i.e. to 5 April 2003).
February 22, 2002

TT16: Preparing your business for sale

In the previous issue of Topical Tips we looked at general grooming issues that can be applied to any business to help it operate at its optimum level, even if a sale isn’t being considered immediately.
January 25, 2002

TT15: Maximising the potential of your business

Prepare to sell – even if you’re not going to One of the best ways to help your business reach its full potential, and maximise its value, is to run it on the basis that one day you will want to sell it.
January 22, 2002

TT14: Business Value and Sale

To kick off 2002, Topical Tips focuses on the thing that provides your livelihood, generates your money and should be your most valuable asset.
November 23, 2001

TT13: Pension Planning

An important pension planning matter is dealt with in this issue of Topical Tips. It is of great significance to the self-employed and individuals in nonpensionable employment who fund their pension by contributing to a Personal Pension Plan.
November 22, 2001

TT12: Pre Budget Statement Issue

Improvements to the NHS – at what cost to the taxpayer? The headline-grabbing feature of the statement was the commitment to increase spending on the National Health Service. The indication is that this extra money will come from only one source – the taxpayer.
November 22, 2001

TT11: Taxation of Second Homes

It is usually taken for granted that the family home can be sold without any capital gains tax (“CGT”) problems. This is because there is a generous CGT exemption for your “only or main residence”.
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