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In Topical Tips 53 we dealt with the important saving available if an employee chooses to pay for all fuel in their company vehicle and then claim back money for

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Why is ‘goodwill’ an issue? Goodwill is the difference between the price the purchaser pays for the business and the value of the underlying assets. For example a business might

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Many businesses start as sole traders or partnerships, but after a short period of time often expand into serious concerns. It is then that the proprietors usually begin wondering whether

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Topical Tips 65 dealt with changes to the Income Tax Return situation for 2004/05. This issue deals with some advantages you might be able to claim from HMRC! Approved mileage allowances

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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

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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

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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

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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

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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. End of extension to

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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

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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

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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