Topical Tips - page
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 22, 2005
TT65: Tax Return Update 1
Returns they are a changing Yes, the tax return season has well and truly started! This issue of Topical Tips highlights some changes this year that might affect Barnes Roffe LLP clients.
May 22, 2005
TT64: New Accounting Standards
No more room for manoeuvre New accounting standards have been issued in the UK that attempt to harmonise UK accounting standards with International Standards. The standards have been introduced because businesses have used the lack of specific standards to measure income recognition (i.e.
April 22, 2005
TT63: Personal Pensions & Property
Owner-managers of businesses have often used a company Small Self Administered Scheme (“SSAS”) to make company pension contributions into their plan to invest in commercial property; other individuals can do the same with their personal pension scheme by starting a Self Invested Personal Pension (“SIPP”).
March 23, 2005
TT62: Reclaiming VAT on Employees’ Expenses
In a surprising case heard recently at the European Court of Justice (ECJ) it was held that UK VAT law was incompatible with European law. This means that there is potentially a forthcoming change in the way that UK companies handle their VAT reclaims for certain expenses paid to employees, particularly road fuel costs.
March 22, 2005
TT61: Companies House Changes & Security
There have been changes at Companies House and to the Companies Act 1985. Here we deal with the aspects that will most commonly affect our clients.
February 22, 2005
TT60: Company Van Tax
From 6 April 2005 company van tax changes Currently, employees who have private use of a company van are charged with a benefit in kind of £500 (or £350 for older vans).
January 22, 2005
TT59: Staff Home Computers
Sometimes, just sometimes, the Chancellor is kind with benefits in kind! Topical Tips 58 highlighted a tax efficient benefit enabling both employers and employees to save money by altering the employee’s remuneration package to include an element of child-care.
December 22, 2004
TT58: Employer Contracted Child-Care
An easing of the tax burden for parents From April 2005, employers can pay for child-care of up to £50 per person per week without the employee being liable for income tax and National Insurance Contributions. However, there are two conditions that must be met: The contract must be with a Registered child-carer.
November 22, 2004
TT57: Investment Property Finance
A bigger loan may not mean more tax relief With the recent increase in property prices, people owning investment properties may be thinking about increasing the borrowings on their investments to release equity and obtain more tax relief on the interest paid.
September 22, 2004
TT56: Sub-Contractor Tax Status
Sub-contractor or employee? The fact that an individual may hold a CIS card does not necessarily mean that he is a subcontractor for tax purposes! The Inland Revenue is undertaking a sweeping review of the “employment” status of various individuals working within the construction industry.