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.
August 22, 2002
TT26: VAT Bad Debt Relief – NEW RULES
Now that the 2002 Finance Bill has received Royal Assent and become law (on 24 July 2002), it is worth considering a subtle, but very important change to the rules concerning the VAT treatment of debts that are considered to be “bad” i.e.
July 25, 2002
TT25: Technological Threats and Opportunities
Your business relies upon providing your customers or clients with an uninterrupted service – could it continue to do this without modern technology? From your computers and photocopier to software controlled machinery, basic measures should be undertaken to minimise risks to your business: Anti-virus software – do you have this? Is it up to date?. . .
July 22, 2002
TT24: Company Car Taxation
The question seems simple – if you own a company, should you have a company car, or should you run a car privately? The answer is not so simple – it depends on several aspects which are examined below.
June 22, 2002
TT23: Inheritance Tax Planning
IHT is often perceived to be the most unfair of all taxes. As a percentage of Barnes Roffe Topical Tips revenues for the Government it provides a tiny fraction of income, yet on bereavement, when a family least needs the problem of a large tax bill, it can prove to be a great worry.
May 22, 2002
TT22: Tax and children
In this issue of Topical Tips we consider the expensive issue of raising children. Most readers will welcome financial help from any quarter, particularly the Inland Revenue. Before this can happen the fundamental problem that has to be addressed is anti-avoidance legislation.
April 22, 2002
TT20: Stakeholder pensions
If your business operates a stakeholder pension scheme or deducts personal pension contributions from earnings then it is your responsibility as employer to ensure that there is a ‘record of payments due’ setting out what amounts are payable and when they are payable.
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).